Full-Time
OCIO Client Analytics & Portfolio Operations
Assistant Manager
Updated on 9/9/2026
State Street
10,001+ employees
Asset management and custody for institutions
No salary listed
Bengaluru, Karnataka, India
In Person
Bachelor's, MBA
 Finance & Banking (1) |
|---|
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- A bachelor's degree in Finance, Accounting, Business, Commerce, or a related discipline is required.
- At least 6 years of relevant experience in investment operations, OCIO support, performance analytics, portfolio administration, client reporting, asset management, or institutional investment services is required.
- Strong working knowledge of institutional portfolios across equity, fixed income, alternatives, and cash or liquidity workflows is required.
- Experience with performance validation, attribution review, NAV or market value validation, account reporting, audit support, or portfolio data reconciliation is required.
- Advanced proficiency in Microsoft Excel and PowerPoint, with the ability to prepare accurate and presentation-ready client materials, is required.
- Strong communication skills and the ability to coordinate with onshore stakeholders, internal teams, and external service providers are required.
- The ability to manage multiple deliverables, prioritize deadlines, identify risks, and escalate issues appropriately is required.
- Prepare and review monthly, quarterly, and ad hoc client reporting covering asset allocation, investment performance, attribution, statements of assets and change, market value movements, funded status, and related portfolio metrics.
- Validate performance, benchmark-relative results, attribution outputs, asset allocation data, and commentary inputs before materials are shared with internal or external stakeholders.
- Support preparation of quarterly investment review decks, client panels, internal investment panels, and other portfolio review materials.
- Apply knowledge of liability-driven investing, funded status reporting, hedge ratio analytics, and alternatives reporting.
- Monitor portfolio cash balances, upcoming liquidity needs, withdrawals, contributions, capital calls, and distributions where applicable or required by client accounts.
- Coordinate with Portfolio Managers, Operations, and internal teams to identify funding gaps and support timely execution of client obligations.
- Assist with investment implementation items such as benchmark changes, strategic asset allocation updates, manager transitions, and reporting setup changes.
- Perform data validation and reconciliation across source systems and reporting platforms, including market value, holdings, unit price, cost, NAV, cash, transactions, and performance data.
- Investigate reporting breaks, data discrepancies, benchmark issues, attribution questions, and operational exceptions, coordinating resolution with relevant teams.
- Maintain clear documentation, control evidence, trackers, and standard operating procedures to support repeatable, audit-friendly delivery.
- Validate Investment Management, custody, and other client invoices in coordination with relevant stakeholders.
- Attend client calls or meetings, where required, to understand client requirements, deliverables, and follow-up items.
- Support client audit requests by coordinating investment holdings, transaction activity, income, valuation evidence, SOC or bridge letters, ERISA or FAS materials, and other required support documents.
- Liaise with internal and external stakeholders, including custodians, administrators, auditors, managers, and consultants, to obtain or validate requested information.
- Assist with client inquiries and ad hoc requests while maintaining appropriate escalation, confidentiality, and information classification standards.
- Maintain and support OCIO client, AUM, holdings, and portfolio data used for RFPs, ISG presentations, and prospect-related requests.
- Drive process improvements, reporting enhancements, automation opportunities, and reusable templates to improve efficiency, quality, and control strength.
- Create and maintain standard operating procedures, knowledge repositories, trackers, and working files used by the OCIO team.
- Guide junior team members through day-to-day deliverables, review practices, escalation protocols, and stakeholder communication expectations.
- CFA, CIPM, FRM, MBA, or progress toward relevant investment, risk, or performance credentials.
- Exposure to OCIO, Defined Benefit, Defined Contribution, Endowment, Foundation, or similar institutional client mandates.
- Experience with Bloomberg, Aladdin, MYSS, eFront/FI, Salesforce, or equivalent systems.
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
- July 2026 Q2 revenue hit $4.0 billion, up 17%, with record servicing fees.
- August 2026 hired Pete Dorsey and Jalil Rasheed to accelerate wealth and Singapore growth.
- 2026 ETF launches in Australia and the U.S. show product breadth beyond plain-vanilla indexing.
What critics are saying
- Expenses rose 10% in Q2 2026, while headcount fell 3% and restructuring continued.
- March 31, 2026, legal and regulatory contingencies totaled $53 million, including coal antitrust litigation.
- Passive ETF commoditization and custodial pricing pressure can hollow State Street’s fee base by 2027.
What makes State Street unique
- State Street runs $54.5 trillion AUC/A, pairing custody scale with asset management.
- September 2, 2026, UC backed State Street’s record UCBG ETF with $2.5 billion.
- State Street uses Apex, Blackstone, and tokenization to extend custody into wealth.],
- upsides:[
- Q1 2026 revenue rose 16%; servicing wins added $56 million and $365 billion AUC/A.
- August 2026, State Street launched UCBG, its largest U.S.-listed ETF debut.
- July 2026, State Street raised guidance after record revenues, inflows, and 500-basis-point operating leverage.
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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 acquired a 5.49% voting stake in Inghams Group Limited, becoming a substantial shareholder effective 4 September 2026. The investment firm and its subsidiaries hold relevant interest in 20,410,450 ordinary shares. The stake is held through multiple State Street entities, including State Street Bank and Trust Company, SSGA Funds Management Inc., State Street Global Advisors Trust Company, and State Street Global Advisors Australia Limited. These interests encompass securities lending arrangements, collateral securities, and investment management authority. State Street filed Form 603 on 8 September 2026, disclosing the initial substantial holding. The filing, authorised by Alok Maheshwary, lists various registered holders linked to the interests, including American Century Investment Management, Aware Super, Alaska Retirement Management Board, and several other financial institutions.
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State Street IM makes largest u.s.-listed ETF launch. State Street Investment Management announced the launch of the State Street(R) SPDR(R) UC Investments 90/10 Endowment Strategy Index ETF ("UCBG"), a new asset allocation ETF developed in collaboration with UC Investments ("UC"), the investment arm of the University of California and the index provider for the fund. The launch is backed by a $2.5 billion investment from UC, making it the largest ever U.S.-listed ETF launch.[1] The fund seeks to track the UC Investments 90/10 Endowment Strategy Index, which combines broad U.S. equity exposure with short-duration investment-grade corporate bond exposure. The index allocates 90% of its weight to the S&P 500(R) Index, representing large-cap U.S. equities, and 10% to the S&P U.S. Investment Grade Corporate Bond 1-3 Year Index, which includes U.S. dollar-denominated investment-grade corporate bonds with maturities between one and three years. UC and S&P Dow Jones Indices developed the custom index, which was inspired by UC's $7.9 billion Blue and Gold Endowment Pool, a long-term public markets strategy that since its inception seven years ago, has been the best performing product within UC's $236 billion investment portfolio.[2] The strategy reflects UC's conviction that low-cost, liquid, diversified public markets exposure can deliver compelling long-term returns while avoiding the complexity and illiquidity of traditional endowment models. By bringing this philosophy into an ETF wrapper, UCBG offers long-term investors access to UC's approach, which was previously available only within the institution's portfolio and directly to employees of its 10 campuses and six medical centers through its retirement savings program, the nation's second-largest public defined contribution program, behind only the federal government. "At UC Investments, we focus on building long term, cost-effective portfolios to support our hundreds of thousands of UC students, faculty, staff, and alumni for generations to come," said Jagdeep Singh Bachher, the University of California's Chief Investment Officer. "This record-breaking ETF launch makes our institutional investment philosophy available to a broader community of investors through the transparency, efficiency and accessibility of the ETF structure, while staying true to the principles that have guided our investment approach." The ETF builds on State Street's longstanding relationship with UC Investments. Today, State Street Investment Management provides asset management services to UC Investments' $236 billion[3] portfolio across pension, endowment, and other assets, while State Street Bank and Trust Company provides custody and other investment services. "Our relationship with UC Investments spans more than two decades and has always been driven by innovation. With this launch, we are bringing an endowment-inspired strategy to a far broader range of investors, delivered with the low cost and transparency that make ETFs so powerful," said Ronald O'Hanley, Chairman and Chief Executive Officer of State Street Corporation. "This partnership demonstrates what's possible when a leading asset owner and asset manager work together to turn a successful institutional investment strategy into an accessible solution for investors," said Yie-Hsin Hung, President and Chief Executive Officer of State Street Investment Management. "It reflects our commitment to helping clients extend their investment priorities to new markets and investor communities." And receive exclusive articles on securities markets The 2026 Global Markets Choice Awards are here! Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below: https://www.jotform.com/form/260086385121150 Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio. As the digital assets industry pushes toward Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below: $50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.