Investable Cash (Cash Availability, Forecasting and Sweep), Associate 2 (Open)
State Street
Date: 9 hours ago
City: Coimbatore, Tamil Nadu
Contract type: Full time
Who We Are Looking For
We are looking for a candidate who must have domain knowledge comprises of all the components needed to work end to end Investment Banking and Financial services. They should be well aware how cash operation works, including processing and settlements of cash transactions, reporting of cash to client and sweep/repo works. There should be good understanding of upstream and downstream team implications on all stakeholders. Investable Cash Team is a part of Global Delivery which has Cash Availability and Sweep function is supported in India, Pune and Coimbatore office for US region.
Why this role is important to us
The team you will be joining is a part of Global Delivery, Investable Cash. Cash Availability, Forecasting and Sweep Team is responsible to keep track on client deliverables which is precisely based on timeline to meet KPI. The primary objective is to ensure the client deliverables meet timeliness and accuracy.
Be a part of this team which will give you an exposure to understand how Investable Cash team plays a critical role in optimizing cash management for our clients.
What You Will Be Responsible For
As a processor in Investable cash Team - Associate 2 you will play a pivotal role.
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.
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job ID: R-776361
We are looking for a candidate who must have domain knowledge comprises of all the components needed to work end to end Investment Banking and Financial services. They should be well aware how cash operation works, including processing and settlements of cash transactions, reporting of cash to client and sweep/repo works. There should be good understanding of upstream and downstream team implications on all stakeholders. Investable Cash Team is a part of Global Delivery which has Cash Availability and Sweep function is supported in India, Pune and Coimbatore office for US region.
Why this role is important to us
The team you will be joining is a part of Global Delivery, Investable Cash. Cash Availability, Forecasting and Sweep Team is responsible to keep track on client deliverables which is precisely based on timeline to meet KPI. The primary objective is to ensure the client deliverables meet timeliness and accuracy.
Be a part of this team which will give you an exposure to understand how Investable Cash team plays a critical role in optimizing cash management for our clients.
What You Will Be Responsible For
As a processor in Investable cash Team - Associate 2 you will play a pivotal role.
- Cash Availability Forecasting: Analyze and predict cash inflows and outflows to ensure accurate forecasting and optimal liquidity management.
- Sweep Accounts Management: Manage sweep accounts to optimize cash concentration, minimize idle balances, and maximize investment opportunities.
- Wire Transfer Processing: Receive, verify, and process incoming and outgoing wire transfers, ensuring timely and accurate settlement.
- Cash Reconciliation: Reconcile cash positions across multiple accounts and systems to ensure accuracy and integrity.
- Monitor and manage overdrafts to minimize fees, ensure compliance with regulatory requirements.
- Process and verify cash deliveries, Day to day overdraft monitoring, money movements, Wire transfers including incoming and outgoing domestic and international payments
- Strong critical thinking, problem solving, and decision making skills
- Take ownership and accountability for daily self-review
- Timely completion of assigned client deliverables
- Graduation (Commerce)
- Should know how to use MCH, IMT etc
- Minimum 2 years of experience
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.
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job ID: R-776361
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