Hiring.Camp

Middle Office, Officer

Statestreet

·

Yesterday

Location
Mumbai, India
Type
Full-time
Department
Administration
Seniority
Mid
Experience
10+ years
Closing date
Today
Source
Workday

Description

The Officer will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery. The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment. 

 

Key Responsibilities 

1. Reconciliation & Break Management 

  • Perform daily cash, position, and transaction reconciliations across multiple asset classes 

  • Investigate and resolve reconciliation breaks within defined SLAs 

  • Identify root causes and drive permanent resolution of recurring discrepancies 

  • Liaise with custodians, fund administrators, and internal teams to resolve issues 

2. Accounting & TMV Oversight 

  • Support IBOR accounting activities including journal entries, accruals, and valuation checks 

  • Review trial balances and assist in TMV validation processes 

  • Ensure adherence to accounting standards and internal control frameworks 

3. Exception Handling & Risk Control 

  • Monitor exceptions and escalate high-risk items in a timely manner 

  • Ensure compliance with operational risk and control procedures 

  • Participate in audits and provide required documentation and explanations 

4. Process Improvement & Automation 

  • Identify opportunities to enhance efficiency and reduce manual intervention 

  • Support automation initiatives and system enhancements 

  • Contribute to standardization and documentation of processes 

5. Stakeholder Management 

  • Act as a point of contact for internal stakeholders, clients, and external partners 

  • Provide clear and concise reporting on reconciliation status and key issues 

  • Collaborate with front office, fund accounting, and technology teams 

6. Team Contribution 

  • Mentor junior team members and support knowledge sharing 

  • Assist in workload management and ensure timely deliverables 

 

Qualifications & Experience 

  • Bachelor’s degree in Finance, Accounting, or related field (CA/CFA/CPA is a plus) 

  • 10 + years of experience in middle office, fund accounting, or reconciliation roles 

  • Strong understanding of financial instruments (equities, fixed income, derivatives preferred) 

  • Experience with reconciliation tools and accounting systems 

 

Key Skills 

  • Strong analytical and problem-solving skills 

  • High attention to detail and accuracy 

  • Good understanding of financial markets and investment operations 

  • Effective communication and stakeholder management 

  • Ability to work under tight deadlines in a dynamic environment 

 

Preferred Competencies 

  • Knowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch) 

  • Exposure to automation tools (e.g., Alteryx, Python, RPA) 

  • Understanding of regulatory and audit requirements 


About State Street


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.


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