12 days ago
Equity Swaps Corporate Actions Senior Associate
State Street
On Site
Full Time
$110,000
Mumbai Metropolitan Region
Job Overview
Job TitleEquity Swaps Corporate Actions Senior Associate
Job TypeFull Time
Offered Salary$110,000
LocationMumbai Metropolitan Region
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Job Description
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
How to Get Hired at State Street
- 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.
Frequently Asked Questions
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