State Street Markets Recon Operations, Associate 2
State Street Corporation (company site, opens in a new tab)1+ yrsBengaluruOn-siteDirect career pageEst. 6–10 LPA
Posted 14h ago
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Job description
Structured overview of role & requirements
About This Role
- Own daily cash, position, securities-transaction and stock-loan reconciliations; investigate breaks such as rate, fee, quantity and orphan discrepancies.
- Coordinate timely break resolution with trading desks, counterparties and internal teams; validate positions and cash against contract-compare records and DDAs.
- Use reconciliation platforms and identify operational risks or process improvements; keep management informed of potential issues.
Minimum Requirements
- Work Experience Required: 1+ year in trade settlements, reconciliation, mark-to-market or collateral-management processes, including NA/EMEA markets.
- University degree in business with an Accounting, Finance or other financial-related major.
- Investment banking, agency/principal lending, custodial services or financial-markets knowledge is stated as mandatory; strong knowledge of securities lending, capital markets and equities is required. Advanced MS Excel proficiency is also expected.
- Work location: Bangalore. Must be flexible to work the US shift; JD lists shift timings as 6:00 PM–3:00 AM IST and 6:30 PM–3:30 AM IST.
Ideal Candidate Profile
- Has hands-on experience reconciling cash, positions and securities-lending activity, and resolving breaks across counterparties and internal teams.
- Brings a securities-lending and capital-markets operations background, ideally with exposure to NA/EMEA processes.
- Can work with reconciliation tools such as DUCO, Pirum and Equilend; exposure to MCH or DTC is an additional advantage.