Who we are looking for
As an Income COE Officer/Assistant Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody, accounting, middle office related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients and people management.
Why this role is important to us
Income COE deals with end to end processing of events across custody, accounting, middle office and claims services for our clients. This involves processing of many financial activities which will help other team to derive at NAV to the client, As part of Income COE you will be required to contribute towards development of Process, people and Improve Risk standards for the team.
What you will be responsible for
As Assistant Vice President you will
Strategic Planning Develop and implement operational strategies that support the company's overall business goals.
Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
Resource Management: Manage resources (people, budget, technology) effectively to achieve operational objectives.
Performance Monitoring: Track key performance indicators (KPIs) and identify areas for improvement, taking corrective actions as needed.
Team Leadership: Lead and develop a team of managers and staff within the operations department.
Budget Management:Manage the operational budget, ensuring efficient resource allocation and cost control.
Collaboration: Work with other executive teams to ensure alignment and coordination across the organization.
Quality Control: Ensure that the company's operations deliver high-quality products or services that meet customer needs.
Risk Management: Identify and mitigate potential operational risks.
Deep knowledge of Income and Corporate Actions: Understanding the end to end income cycle, fund accounting, amortization, concepts on bonds, dividends, entitlement calculations , amortization, market and loan claims lifecycle, and relevant regulations.
What we value- Key Skills:
Result-oriented with an ownership and accountability mindset
Commercial acumen - Understanding of cost/budgets (Officer level), Lead/drive the same
Drive pay for performance and culture of performance differentiation
Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
Embed risk excellence culture across the teams
Encourage and drive a culture of change and ideation
Drive efficiency and automation initiatives . Sound understanding of technology tools around AI, Agile framework is preferred.
Education & Preferred Qualifications
Bachelor’s Degree in Commerce / Economics with a specialization n Business, Accounting, Finance or another Financial related program. Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred
10-16 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).
Additional requirements
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.
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Skills Required
- Bachelor's Degree in Commerce or Economics with specialization in Business, Accounting, Finance or related financial program
- Deep knowledge of income cycle and corporate actions including fund accounting, amortization, bonds, dividends, entitlement calculations, market and loan claims lifecycle, and relevant regulations
- Experience leading and developing teams of managers and staff within operations
- Experience in operational strategy, process optimization, resource management, KPI tracking and budget management
- Executive presence, effective stakeholder communication and ability to manage with influence across regions and functions
- Embed risk management and drive efficiency, automation and change initiatives
- Inter C.A. / Inter ICWAI or CFA (pursuing)
- 10-16 years' experience in accounting, finance, mutual fund operations, loan servicing or related careers
- Sound understanding of technology tools around AI and Agile framework
State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
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Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
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Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
State Street Insights
What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
