State Street is hiring for the position of Intern in Bangalore, India. Candidates with a Bachelor’s/ Master’s Degree 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 | Bachelor’s/ Master’s Degree |
| Experience | Freshers |
| Location | Bangalore, India |
Key Responsibilities:
Fund Accountant:
- Calculate and validate the net asset values (NAVs) of assigned funds by performing daily accounting activities to ensure accurate and timely pricing.
- Act as the central point of contact for accounting support functions and analyze information received from internal and external stakeholders.
- Identify, monitor, and professionally resolve discrepancies to ensure data integrity and client satisfaction.
Financial Reporting Specialist:
- Prepare statutory financial statements for both annual and interim reporting cycles.
- Draft audited annual and unaudited interim financial statements from trial balances, including Profit and Loss statements, Balance Sheets, Cash Flow statements, Schedules of Investments, and notes to financial statements.
- Ensure accuracy, completeness, and compliance with applicable accounting standards and regulatory requirements.
Derivatives Specialist:
- Process complex futures and options transactions for European exchange-traded derivatives across the Centre of Excellence and offshored business units.
- Serve as the primary point of contact for clearing banks and client service teams across multiple locations.
- Support cash instructions and continuously improve processes for accurate and efficient recording of derivative instruments.
Financial Accountant:
- Perform end-to-end accounting processes, including document processing, journal entries, payment preparation, and account reconciliations.
- Prepare and verify accounting reports to ensure accuracy and completeness.
- Support additional accounting projects and tasks as assigned.
Treasury Accountant:
- Execute treasury-related processes, including money market and stock market transaction processing.
- Prepare and approve payments, manage collateral and margin requirements, and monitor minimum reserve requirements with national central banks.
- Reconcile bank accounts and cash positions reflected on the balance sheet and support treasury-related projects as assigned.
Transfer Agency Administrator:
- Process investor transactions, including subscriptions, redemptions, and transfers, in accordance with operational procedures.
- Maintain investor accounts and handle issue reporting and resolution.
- Review and validate Anti-Money Laundering (AML) documentation, enter transactions into the relevant systems, and store documentation in the document management system.
Middle Office Administrator:
- Process daily trade files submitted by funds on trade date.
- Perform trade-date confirmations using electronic, telephonic, or physical documentation.
- Monitor and resolve trade fails and mismatches involving prime brokers, custodians, counterparties, and funds.
Pricing Administrator:
- Support the accurate and timely pricing of securities held by investment funds.
- Price exchange-traded securities and validate prices against approved data sources such as Bloomberg, Reuters, and FTID.
- Investigate and resolve pricing discrepancies to ensure valuation accuracy.
Risk Analyst:
- Support the Enterprise Risk Management (ERM) function by implementing and maintaining risk management policies, guidelines, and limits.
- Assist executive and business management in identifying and mitigating operational, credit, legal, regulatory, reputational, and other enterprise risks.
- Contribute to risk assessments, reporting, and continuous improvement initiatives.
Compliance Analyst:
- Monitor client portfolios for compliance with regulatory requirements and Investment Manager (IM) mandates.
- Utilize State Street’s Investment Compliance and Reporting platforms to conduct compliance analysis and reporting.
- Investigate and report breaches to ensure portfolios adhere to defined investment restrictions.
Data Management Analyst:
- Collaborate with IT and Investment Compliance/Market Conformity teams to source and validate data required for daily compliance checks.
- Maintain and update market data, static data, and holdings data not received through automated feeds into the core application (MIG 21).
- Ensure data accuracy, completeness, and timeliness to support compliance and reporting processes.
Anti-Money Laundering (AML) Specialist:
- Review investor AML documentation in accordance with internal AML policies and regulatory requirements.
- Liaise with Transfer Agency teams to request, follow up, and obtain required information from investors or clients.
- Ensure AML records are complete, accurate, and maintained in line with compliance standards.
Eligibility Criteria:
- Be a final-year undergraduate student enrolled in full-time education, preferably in Finance, Accounting, or Economics; candidates from other disciplines may also be considered.
- Demonstrate enthusiasm for building a long-term career within a dynamic and growth-oriented organization.
- Communicate effectively and collaborate efficiently in a team-based work environment.
- Be open to constructive feedback and committed to continuous learning and professional development.
- Be motivated by real-world problem solving and eager to contribute innovative and value-driven ideas.
Required Skills:
- Demonstrate a strong combination of academic aptitude, analytical capability, and effective communication skills.
- Exhibit strong critical thinking, problem-solving, and decision-making abilities.
- Take individual ownership of assigned tasks, demonstrating accountability and responsibility in role execution.
- Consistently uphold the highest standards of professional conduct in line with the organization’s Code of Conduct.
- Actively support and promote a strong risk awareness and “Risk Excellence” culture within the business.
- Adhere to defined delegation limits and escalation procedures to ensure compliance with internal policies and external regulatory requirements.
- Show a clear interest in building and developing a long-term career in the finance industry.
- Possess good written and spoken English communication skills.
- Have basic working 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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