Who we are looking for

As a Bank Loan Specialist with experience in Loan Syndication ( LSTA & LMA) Secondary Loan trading, Participation trades, Accounting and Custody reconciliation, 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 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.

What you will be responsible for

Processing trades, booking receipts and disbursementsDaily reconciliation of cash balancesProducing daily roll-forward proof of portfolio holdings and accrual informationPreparing standard and ad hoc reporting for both internal and external customersResponding to customer queries dailyDaily processing of bank loan notices as received from agent banks,Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelinesThe individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.During normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating proceduresResearch and resolve exceptions and issuesReceive and resolve inquiries in a timely and accurate manner and communicates effectively with client when necessaryDefine and ensure successful completion of ad-hoc requestsEscalate unresolved issues to management as requiredPerform daily or weekly reporting functions for the team’s activitiesEnsure adherence to Standard Operating ProceduresKeep up to date on broader internal/external business issues; applies knowledge across teamAssist management in the implementation of new policies and procedures, participates in projectsAssist with workflow management and technology enhancements., make suggestions to streamline operationsMaintain knowledge of current alternative procedures and processesSupport training of new hires as necessary

Education & Preferred Qualifications

• Bachelor / Masters in Accounting/MBA Finance

Additional Requirements

• Ability to adhere to strict timelines

• Good interpersonal and communication skills

• Ability to work under tight timelines

• Willing to work in any shifts.  

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers

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