Who we are looking for
A candidate who knows how cash operations, including processing and settlements of cash transactions, reporting of cash and sweep/repo works. Good understanding when and why fund goes into an overdraft positions. Investable Cash Team is a part of Global Delivery which has Overdraft Monitoring and Coding function supported in India, Pune office for US, EMEA and APAC region.
Why this role is important to us
The team you will be joining is a part of Global Delivery, Investable Cash. Overdraft Monitoring and Coding Team is responsible to keep track of positive or negative balances in the funds. The compensation is charged when fund goes into an overdraft position due to insufficient balance in DDAs to cover outgoing flows. This involves monitoring of DDA balances, research, coding of overdrafts and charge of compensation to IM, Broker, Client etc.
Want more jobs like this?
Get jobs in Pune, India delivered to your inbox every week.
Be a part of this team which will give you an exposure to understand how State Street tracks and monitors overdrafts for their clients and provides real time information.
What you will be responsible for
As a processor in Overdraft Monitoring and Coding Team - Associate 2 you will
Identify, research and code an overdraft in Cloud OMAC application
Charge appropriate compensation to clients, IM's and brokers etc.
Communicating with upstream teams via emails/IMT
Distributing, daily, weekly and monthly reports to internal stakeholders
Adhering quality parameters and SLAs
What we value
- Strong critical thinking, problem solving, and decision making skills
- Take ownership and accountability for daily self-review
- Timely completion of assigned coding work
Education & Preferred Qualifications
- Graduation (Commerce)
- Minimum 1 year of experience in State Street
- Should know how to use MCH, IMT, WMT and Hogan applications
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.
State Street's Speak Up Line