Full-Time
Payroll Specialist Senior Associate
State Street
10,001+ employees
Asset management and custody for institutions
No salary listed
Bengaluru, Karnataka, India
In Person
Bachelor's
 Accounting (1) |
|---|
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- India payroll specialist with strong payroll compliance competency and efficient administration of payroll
- Maintain employee master data and payroll records in HRMS, audits for compliance with company policies, procedures and authorizations with cyclical deadlines
- Develop more efficient, streamlined processes to eliminate manual work (focus on automation)
- Manage payroll workload to meet operational requirements, process full and final settlements, gratuity payments etc
- Ensure regular payroll compliance with statutory payments remittances and filing requirements across locations and entity
- Compile data from various sources/locations, and maintain the required registers at location/entity level to ensure the payroll compliance is met 100%
- Liaise with vendor for any new registrations/renewals of certifications as per the statute
- Co-ordination with vendor and monitor on all payroll compliance aspects
- Interface with govt bodies (PF,ESI,PT, labor related etc)
- Publish MIS reports required at location & entity level
- Preparation of statutory reports required for audits
- Prepare and review payroll GL account reconciliations
- Ensure all payroll information and records are maintained in accordance with statutory requirements
- Support all internal and external audits related to payroll
- Interpret new legislation impacting payroll
- Manage and resolve issues relating to payroll
- Maintain employee confidence and protects payroll operations by keeping information confidential
- Handle helpdesks for staff & also conduct new joiner inductions
- Monitor accurate processing of staff hiring, transfers, promotions and terminations
- Monitor and maintain exit data in tools, drive exit process for timely & accurate F&F settlements
- Handle payroll of international Workers (incl. compliance of tax and social security benefits)
- 5-7 years of experience in a similar role with minimum graduation in commerce
- Self-driven & enthusiastic
- Ability to work effectively in a team and willingness to help others
- Attention to detail and accuracy
- Planning and organizing
- Strong in labor compliance handling
- Communication skills
- Problem analysis and problem-solving skills
- Decision-making
- Stress tolerance
- Team work
- Flexible with timings
State Street provides asset management and custody banking services for institutional investors worldwide, with State Street Global Advisors managing portfolios and offering advisory services. It generates revenue from asset management fees, transaction fees, and custody/administration fees, plus income from its own investments and lending activities. The company differentiates itself through its global scale and focus on institutional clients, offering integrated asset management, custody, administration, research, and trading across a broad network. Its goal is to help institutional clients meet their financial objectives by delivering comprehensive investment, risk management, and custody solutions on a global platform.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1792
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 16.7% to $4.05 billion, with EPS of $3.65.
- August 2026 Dublin lease and Kilkenny cybersecurity center deepen Ireland's operational moat.
- Australia active ETFs with Blackstone opened a new distribution channel on August 7, 2026.
What critics are saying
- July 2026 transformation plans reserve $500 million severance through 2029, pressuring margins.
- State Street still faces BNY Mellon in Korea NPS final contracts by early 2027.
- Series L preferred issuance signals ongoing capital needs, exposing dilution pressure and weaker earnings quality.
What makes State Street unique
- State Street scaled custody to $57.9 trillion AUC/A and $6.28 trillion AUM in Q2 2026.
- July 2026 Korea NPS selected State Street as top global custodian for $619 billion.
- State Street's Latin America acquisition adds $470 billion AUC across Brazil, Mexico, and Colombia.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Flexible Work Hours
Remote Work Options
Professional Development Budget
Tuition Reimbursement
Paid Holidays
Employee Referral Bonus
Company News
State Street Corporation has launched a public offering of 500,000 depositary shares, each representing one-hundredth of a Series L perpetual preferred stock share. The new Series L class features fixed-rate reset dividends aligned with risk-free rates. The company filed a Form 8-K on 5 August 2026 detailing the preferred stock amendments and offering structure. The depositary shares allow both institutional and retail investors to access the Series L preferred stock without committing to full shares, potentially broadening the investor base. State Street also announced it is changing its fiscal year to align with the calendar year, improving comparability with industry peers and streamlining tax filings. The company confirmed compliance with SEC regulations and reported no material adverse events. The perpetual structure provides State Street with capital structure flexibility whilst offering investors long-term income opportunities.
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State Street appoints Kenneth Vamshi as Managing Director. Prior to joining State Street, Vamshi was associated with HSBC for more than 22 years State Street has appointed Kenneth Vamshi as Managing Director, with Hyderabad serving as his base of operations. A seasoned finance and transformation leader, Vamshi brings deep expertise in finance operations, digital transformation and the establishment of global capability centres (GCCs). Over the course of his career, he has spearheaded finance transformation programmes and built GCCs across complex, multi-country business environments. Vamshi joins State Street after spending more than 22 years at HSBC. In his most recent role, he served as Senior Vice President, Head of Digital Finance and GCC Site Head, where he led digital finance initiatives and oversaw the company's GCC operations.
State Street signs lease for new Dublin headquarters. / 4th August 2026 / State Street has signed a long-term lease for a new Irish headquarters at 2 Grand Canal Quay in Dublin, in what is expected to be one of the largest commercial office lettings in the capital this year. The global financial services and investment management firm will occupy 80,000 sq ft across seven floors of the 15-storey building from the third quarter of 2027, reinforcing its long-term commitment to Ireland as it approaches 30 years in the market. State Street, which established operations in Ireland in 1996, now employs more than 2,000 people across the country through its financial services and asset management businesses. The company also expanded its Irish footprint in 2024 with the opening of a global cybersecurity centre in Kilkenny, supporting operations across more than 200 markets worldwide. The new headquarters will be located at 2 Grand Canal Quay, a recently developed office building by Island Capital in Dublin's South Docklands. 0 seconds of 50 minutes, 21 secondsVolume 0% 00:00 50:21 State Street will occupy floors four to 10, including a terrace on the top floor. Terri Dempsey, Ireland country head for State Street, said the move reflects the firm's confidence in Ireland as a strategic location for its future growth. "State Street is delighted to commit to a new Ireland HQ and an office environment that we believe will be a standard bearer for sustainability and collaborative working," she said. "Ireland and State Street have mutually benefitted from almost 30 years of cooperation, growth and innovation and with this agreement we're setting our long-term commitment to the region in stone. "State Street's continuing investment reflects the depth of financial and technology talent available to support our continued growth and innovation." The development has been designed with sustainability in mind and offers high energy-efficiency standards alongside easy access to public transport, including DART, rail and bus services. Ann Prendergast, head of EMEA for State Street Investment Management, said Ireland's supportive business environment had played a significant role in the company's decision to continue investing in the country. "We remain grateful to successive Irish governments for supportive policies that have seen Ireland prosper as a leading financial services centre for the multi-trillion dollar global funds' industry," she said. She added that a regulatory environment aligned with international standards, while allowing innovation and protecting consumers, had underpinned the firm's long-term commitment. "Against this backdrop, the future is bright for us in Ireland and we look forward to working alongside our local partners and continuing to support our clients in the region for years to come." The letting is also a significant milestone for developer Island Capital, which described the agreement as a strong endorsement of both the project and Dublin's office market. Aidan Killeen, development director at Island Capital, said State Street's decision to occupy more than half of the building represented "a real vote of confidence in Dublin and the commercial office sector as a whole". He added that the development had been designed to meet the changing needs of modern occupiers through its environmental credentials and employee wellbeing facilities, positioning it as a next-generation headquarters building in the heart of Grand Canal Dock. Follow Us on Social