Equity Swaps Corporate Actions (Prime Services)-Senior Associate
State Street · Mumbai Metropolitan Region
- On site
- Full-time
- $110,000 / year
- Mumbai Metropolitan Region
Job highlights
- Oversee Equity Swaps corporate actions processing.
- Escalate issues and act as subject matter expert.
- Partner with Trading, Risk, and Operations.
- Ensure accurate processing and P&L impact.
- Work within a global team, NA shift.
About the role
About Us
State Street is a leading global financial services company, providing investment servicing, data and analytics, investment research and trading, and investment management to institutional clients. We are committed to fostering an inclusive environment where employees can thrive and reach their full potential. Our benefits packages are competitive and comprehensive, and we offer flexible work programs and development opportunities.
The Role You Will Play
We are seeking an experienced Senior Associate to join our Equity Swaps Corporate Actions team. In this role, you will oversee and execute day-to-day processing for Equity Swaps, ensuring adherence to our operating model, internal SLAs, and control frameworks. You will act as a key point of escalation and subject matter expert within the Financing Solutions business, supporting the Prime Services Equity Swaps product.
Key Responsibilities
- Execute day-to-day processing of mandatory and voluntary corporate actions and dividend events impacting Equity Swaps portfolios.
- Support event lifecycle activities including event capture, entitlement calculation, election processing, and settlement of cash and stock outcomes.
- Assist in managing voluntary corporate action elections, including tracking instructions, validating inputs, and monitoring outcomes.
- Ensure accurate booking of corporate action adjustments across swap and custody accounts.
- Investigate and resolve breaks related to positions, entitlements, or cash flows, escalating unresolved items.
- Execute assigned daily, event-based, and monthly controls in accordance with documented procedures.
- Liaise with internal teams including Swap Operations, Trading, Stock Loan, and Custody to support event processing and issue resolution.
- Support responses to internal and external queries related to swap-linked corporate actions and income events.
What We Value
- Strong attention to detail and ability to follow documented procedures in a controlled environment.
- Solid reconciliation and investigation skills, with the ability to identify when issues require escalation.
- Comfortable working under time pressure, especially around critical dates and market deadlines.
- Clear written and verbal communication skills.
- Strong communication (written and verbal), interpersonal, organizational, and time management skills.
- Ability to think critically and resolve complex problems.
- Drive automation initiatives to improve operational efficiency.
What You Will Bring To The Role
- Front-to-back knowledge of Equity Swap Operations processes, markets, and instruments.
- Hands-on experience and working knowledge in Front office exception management, Middle office systems, Settlement/Payment departments, and understanding Swap lifecycle.
- Familiarity with systems such as NUVO, TRAIANA, DUCO, etc., is an added advantage.
Education & Preferred Qualifications
- Working knowledge of corporate action event types, key dates, and processing flows.
- Prior experience supporting Prime Brokerage, Prime Services, or Equity Derivatives operations.
- Exposure to both synthetic and physical equity processing models.
- Familiarity with swap processing tools, custody platforms, or corporate action event capture systems.
- Good communication skills, both written and oral.
- 3-6+ years of experience in Corporate Actions, Asset Servicing, or Investment Operations, preferably supporting Equity Swaps, Delta One products, or Prime Services.
Additional Requirements
- Knowledge of Macros, SQL & MS Access Database queries will be an added advantage.
- Shift Timings: 7 PM to 4 AM IST (NA Shift)
- Work Arrangement: 4 days work from office
- Location: Mumbai
Key skills/competency
- Equity Swaps
- Corporate Actions
- Prime Services
- Senior Associate
- Operations
- Derivatives
- Escalation
- Reconciliation
- Control Frameworks
- Trade Lifecycle
Skills & topics
- Equity Swaps
- Corporate Actions
- Prime Services
- Senior Associate
- State Street
- Operations
- Derivatives
- Escalation Management
- Reconciliation
- Trade Lifecycle Management
- Financial Services
- Investment Operations
- Asset Servicing
- Delta One Products
- NUVO
- TRAIANA
- DUCO
- Macros
- SQL
- MS Access
How to get hired
- Tailor your resume: Highlight experience in Equity Swaps, Corporate Actions, and Prime Services, aligning with State Street's requirements.
- Showcase relevant skills: Emphasize attention to detail, reconciliation, investigation, and problem-solving abilities in your application.
- Prepare for interviews: Be ready to discuss your experience with trade lifecycles, corporate actions processing, and system familiarity (NUVO, TRAIANA, DUCO).
- Demonstrate control focus: Articulate your understanding of operating models, SLAs, and audit-ready environments to impress hiring managers.
- Highlight automation interest: Mention any experience or interest in driving automation initiatives for operational efficiency.
Technical preparation
Master Equity Swap and corporate action processing.,Gain proficiency in NUVO, TRAIANA, DUCO systems.,Develop strong reconciliation and investigation skills.,Learn Macros, SQL, and MS Access for analysis.
Behavioral questions
Describe a complex problem you resolved.,How do you handle working under pressure?,Give an example of your attention to detail.,How do you collaborate with other teams?
Frequently asked questions
- What is the primary responsibility of the Equity Swaps Corporate Actions Senior Associate at State Street?
- The primary responsibility of the Equity Swaps Corporate Actions Senior Associate at State Street is to oversee and execute day-to-day processing for Equity Swaps, managing mandatory and voluntary corporate actions and dividend events in a controlled environment.
- What kind of experience is required for the Equity Swaps Corporate Actions Senior Associate role at State Street?
- State Street requires 3-6+ years of experience in Corporate Actions, Asset Servicing, or Investment Operations, with a preference for experience supporting Equity Swaps, Delta One products, or Prime Services. Front-to-back knowledge of Equity Swap Operations processes and middle office systems is also crucial.
- What are the typical working hours for this role at State Street?
- The shift timings for this role at State Street are 7 PM to 4 AM IST, indicating a focus on supporting North American market operations.
- What systems are beneficial to be familiar with for the Equity Swaps Corporate Actions Senior Associate position?
- Familiarity with systems such as NUVO, TRAIANA, DUCO, and other swap processing tools, custody platforms, or corporate action event capture systems is considered an added advantage for this role at State Street.
- Does State Street offer opportunities for career growth in this Equity Swaps Corporate Actions role?
- Yes, State Street emphasizes employee development and offers wealth of development programs and educational support, suggesting opportunities for career growth within the company for those in roles like the Equity Swaps Corporate Actions Senior Associate.
- What is the work arrangement for the Equity Swaps Corporate Actions Senior Associate role in Mumbai?
- The Equity Swaps Corporate Actions Senior Associate role in Mumbai has a '4 days work from office' arrangement, indicating a hybrid work model.
- How critical is attention to detail for the Equity Swaps Corporate Actions Senior Associate at State Street?
- Attention to detail is highly critical for the Equity Swaps Corporate Actions Senior Associate role at State Street, as errors in this high-risk, high-complexity operational area can directly impact P&L, client outcomes, and regulatory posture.
- What is the significance of corporate actions on equity swaps at State Street?
- Corporate actions on equity swaps are considered a high-risk, high-complexity operational area at State Street, where accurate processing is vital for safeguarding economic neutrality and reinforcing a strong control framework.