State Street is hiring for the position of Intern in Bangalore, India. Candidates with a Graduate/ Undergraduate are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | State Street |
| Position | Intern |
| Qualifications | Graduate/ Undergraduate |
| Batch | 2024/ 2025/ 2026/ 2027 |
| Experience | Freshers |
| Location | Bangalore, India |
Key Responsibilities:
Fund Accountant:
- Calculate the Net Asset Values (NAVs) of funds by processing daily accounting functions.
- Ensure fund prices are accurate and delivered to clients in a timely manner.
- Serve as the central point of contact for all accounting support functions.
- Analyze accounting information and resolve discrepancies in a professional manner.
Financial Reporting Specialist:
- Prepare financial statements for annual and interim reporting cycles.
- Draft audited annual and unaudited interim financial statements from trial balances.
- Prepare core financial reports, including Profit and Loss Account, Balance Sheet, Cash Flow Statement, Schedule of Investments, and Notes to the Financial Statements.
Derivatives Specialist:
- Process complex futures and options for European exchange-traded derivatives.
- Act as the central contact point for clearing banks and client service teams across sites.
- Handle supplementary business transferred from other State Street locations.
- Manage cash instructions and improve processes for accurate and efficient derivative recording.
Financial Accountant:
- Perform accounting processes including document processing, journal entries, and payment preparation.
- Prepare and verify account reconciliations and financial reports.
- Support other assigned accounting projects as needed.
Treasury Accountant:
- Execute treasury processes including money market and stock market transactions.
- Prepare and approve payments, manage collateral/margins, and monitor minimum reserve requirements with national central banks.
- Reconcile bank accounts (cash positions and balance sheet reports).
- Participate in additional treasury-related projects as assigned.
Transfer Agency Administrator:
- Process trades, maintain investor accounts, and resolve issue reports.
- Review investor documentation to ensure compliance with Anti-Money Laundering (AML) requirements.
- Enter subscriptions on ISS and save documentation in the Document Management System (DMS).
Middle Office Administrator:
- Process daily trade files submitted by funds on trade-date.
- Confirm trades (via electronic, telephonic, or hard copy methods) based on files and counterparties’ details.
- Monitor and resolve trade fails with prime brokers, custodians, and funds.
- Review mismatch reports from prime brokers and custodians.
Pricing Administrator:
- Assist in accurate and efficient pricing of a wide range of securities held by investment funds.
- Price exchange-traded securities and validate pricing through sources such as Bloomberg, Reuters, and FTID.
Risk Analyst:
- Support the Enterprise Risk Management (ERM) division in maintaining risk management policies, guidelines, and limits.
- Assist executive and business-level management in minimizing operational, credit, legal, regulatory, reputational, and other risks.
Compliance Analyst:
- Monitor compliance results for client portfolios against regulatory requirements and Investment Manager (IM) mandates.
- Conduct research, analysis, and reporting using State Street’s Investment Compliance & Reporting platform.
- Ensure portfolios remain in compliance with their investment restrictions.
Data Management Analyst:
- Collaborate with IT and business units to procure data required for daily compliance and conformity checks.
- Update and maintain market data, static data, and holdings data not automatically fed into the core MIG 21 application.
- Support the accuracy and integrity of compliance-related data systems.
Anti-Money Laundering (AML) Specialist:
- Review investor documentation to ensure compliance with AML policies.
- Liaise with Transfer Agency teams to request and obtain required investor and client data.
- Ensure AML checks are completed in accordance with regulatory standards.
Eligibility Criteria:
- Final-year students or undergraduates in the penultimate year of a degree program, preferably in Finance, Accounting, or Economics (applicants from other disciplines may also be considered).
- Enthusiastic about pursuing a long-term career in a dynamic organization.
- Effective communication skills with the ability to collaborate in a team-oriented environment.
- Open to feedback and committed to continuous learning and self-improvement.
- Motivated by real-world problem-solving and eager to contribute innovative ideas.
Required Skills:
- Strong academic aptitude combined with analytical abilities and excellent communication skills.
- Critical thinking, problem-solving, and sound decision-making skills.
- Ability to take individual ownership of tasks with a clear sense of accountability.
- Demonstrated commitment to upholding the highest standards of the Code of Conduct.
- Support and promote a strong “Risk Excellence” culture within the organization.
- Adhere to delegation limits and escalation procedures in compliance with internal policies and external regulations.
- Strong motivation to develop a career in the finance industry.
- Good proficiency in written and spoken English.
- Basic knowledge of MS Office applications.
About Company:
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.
How To Apply?
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- Fill the details with the information provided.
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