Financial Reporting – Senior Associate @ State Street

We are looking for

State Street is seeking dynamic individuals to join our team as we expand our business function with the introduction of Tailored Shareholder Reports (TSR). We are looking for individuals who possess a unique blend of business process operation skills, a passion for data transformation, and a strong interest in technical skills, automation, and reengineering. If you are enthusiastic about financial/regulatory reporting, we want you to be a part of our growing team.

Key Responsibilities

Collaborate with cross-functional teams to support data transformation for the Tailored Shareholder Report (TSR) function.
Quickly understand the daily operation tasks and being able to run routines independently. Able to analyze and respond to inquiries from global teams in Bangalore and China etc. regarding data accuracy, transaction/holding reconciliation discrepancy, and provide support to troubleshoot and determine the root cause of report breaks, system/application (i.e., ESP) failures.
Ensure compliance with capital market and financial/regulatory reporting requirements.
Stay updated on industry trends and best practices to continually enhance processes.
Complete business requirement analysis and develop requirement with business team to identify the scope of work.
Use your business process operation skills to streamline and optimize workflows.
Learn new skill through training or on-job practice to efficiently design solution based on the requirements in designated technologies, such as alteryx.

Product You will Support – Tailored Shareholder Reports

Tailored Shareholder Report (TSR) rule, which was originally proposed in 2020, was approved by the United States Securities and Exchange Commission (SEC) on October 26, 2022. The rule contains amendments to the requirements for annual and semi-annual reports provided by mutual funds and exchange-traded funds, specifically open-end funds that are registered on From N-1A. The new reports, which will be delivered to shareholders, will be brief, visually engaging and will feature key information for retail investors. It is available online. Separate tailored shareholder reports must be prepared at the share class level and these slimmed down reports must be tagged in ixBRL. Information must be available within 60 days when period ends. State Street will offer a Tailored Shareholder Report solution to automate the creation of reports at the class level to meet the requirement of rule.

Why This Role Is Important To Us

We deliver all kinds of financial and regulatory data (Risk, Liquidity, performance, repo, broker, holding and transactions etc.) and insights to our clients. We are driving digital transformation and expanding business capabilities and improving efficiency using industry best practices and advanced technologies such as UiPath, alteryx, Python. We are looking for hybrid talent to join our team and deliver values to our clients. We welcome talents of any background who have strong desire of learning and high aptitude of adaptability to upskill themselves both in financial domain and/or IT techniques.

What We Value

These skills will help you succeed in this role

Solid knowledge of financial knowledge and capital market
Close attention to detail and effective communication skills
A desire to understand new technologies
Data analysis skills

Education & Preferred Qualifications

A bachelor’s degree in a related field or equivalent work experience.
Strong business process operation skills with a focus on data transformation.
Demonstrated interest and ability to learn and apply technical skills to automate and reengineer processes.
Knowledge of capital markets and financial/regulatory reporting.
Excellent communication and teamwork skills.
Problem-solving mindset with an eagerness to adapt and grow.

Why Join Us

Be a part of an innovative team driving the Tailored Shareholder Report (TSR) function in a dynamic market.
Opportunity to work on cutting-edge technical projects while gaining valuable industry insights.
Ongoing learning and development opportunities.

About State Street

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers

Salary Range:

$47,840 - $68,120 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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Financial Reporting – Senior Associate

State Street

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