Fund Accounting - Assistant Vice President

Who we are looking for

Associate Vice President  -Exchange Traded Derivatives to join our Fund Accounting team to focus on ETF Baskets and Recuts to lead and manage ETF Servicing. Your role will involve supporting the daily activity of client and broker ETF Order taking, order fulfilment, Basket Generation and its valuations by working with Reference Data, Pricing and Accounting teams to support key deliverables of DTCC/NSCC post reconciling against core controls

Why this role is important to us

The team you will be joining is a Premier Servicer of Exchange Traded Funds at State Street which offers Global ETF Servicing at an Industry Leading Capability which caters to Year on Year explosive growth. Our service encompasses actively and passively managed ETF’s including Fixed Income, Equity which has automated links to major Clearing and transfer agents around the world providing services across Americas, Europe and Asia Pacific. Our Basket creation and dissemination capabilities are critical to how we cater to the exponential growth trajectory by ensuring seamless service delivery liaison with Clients. 

Join us if leading a World Class ETF Servicing Capability and delivering Investment Baskets to top notch clients whilst contributing to state of art infrastructure build sounds like a challenge you are up for.

What you will be responsible for

We're seeking a talented Associate Vice President Exchange Traded Funds to join our Fund Accounting team this role will focus predominantly on ETF Baskets ad Recuts. This role is located in Bangalore India

In this role, you'll make an impact in the following ways:

Process/Run The Bank and Change responsibility include but not limited to -

• Conducts accounting services on behalf of assigned clients and complex funds including determining net asset values, calculating fund performance, allocating expenses and preparing reports
• May lead work of junior team members for assigned client or funds
• Performs highly complex Fund/Client Accounting responsibilities in the areas of driving Service Improvement plans, targeting efficiencies, enhancing processes and specialist review functions.
• PCF file preparation, including reviewing the relevant component stocks, quantity and prices
• ETF creation and redemption order processing for primary market
• ETF creation and redemption settlement arrangement, both in cash and in kind
• ETF units settlement arrangement and relationship with AP's
• Handling AP inquiries related to the ETF creation / redemption orders
• CNS for ETFs as Index receipt agent
• ETF rebalancing handling
• ETF collateral processing and P&L calculation

People / Leadership responsibility include but not limited to -

• Ensure accuracy and timely preparation of regulatory, financial and management reporting
• Resolve exceptional problems
• Participate in the development of an effective client/location/service strategy for prospects and existing clients, i.e. presentations, proposals, regulatory and contract support
• Develop and implement process improvements; effectively manage change to ensure departmental objectives are met
• Account for the direction and training of subordinate managers and evaluate subordinate managerial performance

What we value

• Influence & Negotiate Courageously
• Problem Solving & Decision by employing timely, rigorous and logical analysis in collaboration with your seniors while leading a multi-location -large scale project
• Deliver flawless execution of new and existing business through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels of Functional Expertise
• Quality & Risk Management to drive high quality outputs to embed effective controls Data & Analysis

Education & Preferred Qualifications

• Bachelors/Masters degree in accounting or the equivalent
• Seasoned player working on ETF and/or NAV/Alternative Investment Services(AIS), Custody & Complex Operations
• Technical know-how of Trade support -F2B Trade life cycle handling mutual funds/ETF/Asset Servicing/ Subscription & Redemptions including Cash management supporting NSCC/DTCC

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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