State Street Looking for Apprentice at Bengaluru, Karnataka Full Time

Grow your career at State Street

From technology and product innovation to corporate responsibility and community development, we’re making our mark on the financial services industry. We’re a global company with diverse people and varied experiences with a network of over 35,000 employees spanning more than 100 markets. For us, success comes from the impact our employees have – on our clients, our communities and each other.

We’re committed to provide an inclusive environment where all employees feel valued and supported. Join us and make your mark at State Street.

Open Positions for Finance Graduates

The global financial services industry is undergoing rapid change. Now more than ever the industry is looking for the talent and vision of the next generation of business leaders. State Street sits at the very center of the global financial system. Our role is to provide the financial infrastructure and services that make it possible for the world’s largest investors to make the most efficient use of the world’s capital.

Seeking exceptional Graduates! Are you looking to start your career with an internationally recognized brand? Do you have the drive and ambition to achieve the very best? Then our Graduate Opportunity jobs are just what you are looking for.

Our graduate jobs are designed to develop graduates both technically and professionally towards becoming our future leaders and Finance experts. You’ll learn from some of the most respected highly-qualified people in the industry and be supported by individual mentors and development programs.

We recruit graduates on a year-round basis into the following areas:

Fund Accountant

Financial Reporting Specialist

Derivatives Specialist

Financial Accountant

Treasury Accountant

Transfer Agency Administrator

Middle Office Administrator

Pricing Administrator

Risk Analyst

Compliance Analyst

Data Management Analyst

Anti-Money Laundering Specialist

These fantastic jobs are ideal for motivated graduates looking to start careers within financial services. The real focus will be on personal and professional development with structured career progression. If you are a graduate or already have some professional experience and would like to start a career in financial services you are welcome.

Please find below some of the popular jobs.

Fund Accountant

The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion. The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received thereby ensuring any discrepancy is monitored and resolved professionally.

Financial Reporting Specialist

The Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle. They also prepare and complete first draft of audited annual and un-audited interim financial statements from trial balance including Profit and Loss Account Balance Sheet Cash Flow Schedule of Investments notes to financial statements.

Derivatives Specialist

The team deals with the complex futures and options processing for the entire European exchange traded derivatives, Centre of Excellence book of business and supplementary business offshored from other State Street sites. The Derivatives Group is the central point of contact for the clearing banks and client service teams on all sites.

Other services include some cash instructions and the improvement of processes for recording derivative instruments accurately and efficiently.

Financial Accountant

Financial Accountant performs the accounting processes that may include [but is not limited to]: accounting documents processing, journal processing, payments preparation, account reconciliation preparation and verification of the reports performing other projects as assigned etc.

Treasury Accountant

Treasury Accountant performs the treasury processes that may include [but is not limited to]: treasury transactions processing (money market stock market), prepare/approve payments, collateral management/margins, monitor minimum required reserve in national central bank, reconciliation bank accounts (cash positions balance sheet) reports, performing other projects as assigned etc.

Transfer Agency Administrator

Transfer Agency Administrator is responsible for trade processing, investor account maintenance, issue reporting and resolution. You will be responsible for processing investor transaction: review documentation to ensure anti-money laundering documentation has been received and enter subscription on ISS and save documentation on to DMS.

Middle Office Administrator

Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date, trade-date confirmation (electronic telephonic or hard copy) based upon the trade file transmitted by the Fund and trade details provided by the Fund’s approved counter parties and monitor trade fails with prime brokers counter parties and the Fund including review of prime broker/custodian fail or mismatch of reports.

Pricing Administrator

Pricing Administrator’s role is to assist in the accurate and efficient pricing of a range of securities held by investment funds. The principal tasks of this role is to price exchange traded securities and validation to sources such as Bloomberg Reuters and FTID.

Risk Analyst

The Enterprise Risk Management (ERM) division within State Street Corporation establishes and maintains appropriate risk management policies guidelines and limits and assists executive and business-level management with minimizing operational credit legal regulatory reputation and other risks to the company.

Compliance Analyst

Investment Compliance Analyst will be responsible for monitoring compliance results on client portfolios related to Regulatory and Investment Manager (IM) mandates. Utilizing State Street’s Investment Compliance & Reporting platform the qualified candidate will complete the research analysis and reporting to ensure portfolios are in compliance with their investment restrictions.

Data Management Analyst

The Data Analyst(s) will be responsible to work comprehensively with both IT and the Investment Compliance/Market, Conformity Business Units to procure data necessary for daily compliance and conformity checks. Furthermore the Data Analyst will be responsible for the update and maintenance of market data, static data and holdings data that is not otherwise fed to the core application MIG 21 via automated data feeds.

Anti-Money Laundering Specialist

Anti-Money Laundering Specialist will be involved in reviewing investor Anti Money Laundering documentation in line with the AML policies and liaising with the Transfer Agency team’s in order to request and obtain the required data from the investors and/or clients

What we value:
These skills will help you succeed in this role:
You are a well-rounded student with a combination of academic aptitude, analytical capabilities, and excellent communication skills

Majoring in Finance, Accounting, or Economics preferred. Any other major is also valid.

Desire to develop Your career in finance industry

Involvement with student organizations would be an added advantage

Good written and spoken English

Basic experience with MS Office

Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role

Ensure that the highest level of the Code of Conduct is displayed in your behavior

Provide appropriate management information as required to support business unit decision making

Support the ‘Risk Excellence’ culture within the business

Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

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