Apprentice

Apprentice Location: Chennai, India Grow your career at State Street From technology and product innovation to corporate responsibility and community development, we’re making our mark on the financial services industry. We’re a global company with diverse people and varied experiences with a network of over 35,000 employees spanning more than 100 markets. For us, success comes from the impact our employees have – on our clients, our communities and each other. We’re committed to provide an inclusive environment where all employees feel valued and supported. Join us and make your mark at State Street. Open Positions for Finance Graduates The global financial services industry is undergoing rapid change. Now more than ever the industry is looking for the talent and vision of the next generation of business leaders. State Street sits at the very center of the global financial system. Our role is to provide the financial infrastructure and services that make it possible for the world’s largest investors to make the most efficient use of the world’s capital. Seeking exceptional Graduates! Are you looking to start your career with an internationally recognized brand? Do you have the drive and ambition to achieve the very best? Then our Graduate Opportunity jobs are just what you are looking for. Our graduate jobs are designed to develop graduates both technically and professionally towards becoming our future leaders and Finance experts. You’ll learn from some of the most respected highly-qualified people in the industry and be supported by individual mentors and development programs. We recruit graduates on a year-round basis into the following areas: Fund Accountant Financial Reporting Specialist Derivatives Specialist Financial Accountant Treasury Accountant Transfer Agency Administrator Middle Office Administrator Pricing Administrator Risk Analyst Compliance Analyst Data Management Analyst Anti-Money Laundering Specialist These fantastic jobs are ideal for motivated graduates looking to start careers within financial services. The real focus will be on personal and professional development with structured career progression. If you are a graduate or already have some professional experience and would like to start a career in financial services you are welcome. Please find below some of the popular jobs. Fund Accountant The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion. The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received thereby ensuring any discrepancy is monitored and resolved professionally. Financial Reporting Specialist The Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle. They also prepare and complete first draft of audited annual and un-audited interim financial statements from trial balance including Profit and Loss Account Balance Sheet Cash Flow Schedule of Investments notes to financial statements. Derivatives Specialist The team deals with the complex futures and options processing for the entire European exchange traded derivatives, Centre of Excellence book of business and supplementary business offshored from other State Street sites. The Derivatives Group is the central point of contact for the clearing banks and client service teams on all sites. Other services include some cash instructions and the improvement of processes for recording derivative instruments accurately and efficiently. Financial Accountant Financial Accountant performs the accounting processes that may include [but is not limited to]: accounting documents processing, journal processing, payments preparation, account reconciliation preparation and verification of the reports performing other projects as assigned etc. Treasury Accountant Treasury Accountant performs the treasury processes that may include [but is not limited to]: treasury transactions processing (money market stock market), prepare/approve payments, collateral management/margins, monitor minimum required reserve in national central bank, reconciliation bank accounts (cash positions balance sheet) reports, performing other projects as assigned etc. Transfer Agency Administrator Transfer Agency Administrator is responsible for trade processing, investor account maintenance, issue reporting and resolution.  You will be responsible for processing investor transaction: review documentation to ensure anti-money laundering documentation has been received and enter subscription on ISS and save documentation on to DMS. Middle Office Administrator Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date, trade-date confirmation (electronic telephonic or hard copy) based upon the trade file transmitted by the Fund and trade details provided by the Fund’s approved counter parties and monitor trade fails with prime brokers counter parties and the Fund including review of prime broker/custodian fail or mismatch of reports. Pricing Administrator Pricing Administrator’s role is to assist in the accurate and efficient pricing of a range of securities held by investment funds. The principal tasks of this role is to price exchange traded securities and validation to sources such as Bloomberg Reuters and FTID. Risk Analyst The Enterprise Risk Management (ERM) division within State Street Corporation establishes and maintains appropriate risk management policies guidelines and limits and assists executive and business-level management with minimizing operational credit legal regulatory reputation and other risks to the company. Compliance Analyst Investment Compliance Analyst will be responsible for monitoring compliance results on client portfolios related to Regulatory and Investment Manager (IM) mandates. Utilizing State Street’s Investment Compliance & Reporting platform the qualified candidate will complete the research analysis and reporting to ensure portfolios are in compliance with their investment restrictions. Data Management Analyst The Data Analyst(s) will be responsible to work comprehensively with both IT and the Investment Compliance/Market, Conformity Business Units to procure data necessary for daily compliance and conformity checks. Furthermore the Data Analyst will be responsible for the update and maintenance of market data, static data and holdings data that is not otherwise fed to the core application MIG 21 via automated data feeds. Anti-Money Laundering Specialist Anti-Money Laundering Specialist will be involved in reviewing investor Anti Money Laundering documentation in line with the AML policies and liaising with the Transfer Agency team’s in order to request and obtain the required data from the investors and/or clients What we value: These skills will help you succeed in this role: You are a well-rounded student with a combination of academic aptitude, analytical capabilities, and excellent communication skills Majoring in Finance, Accounting, or Economics preferred. Any other major is also valid. Desire to develop Your career in finance industry Involvement with student organizations would be an added advantage Good written and spoken English Basic experience with MS Office Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role Ensure that the highest level of the Code of Conduct is displayed in your behavior Provide appropriate management information as required to support business unit decision making Support the ‘Risk Excellence’ culture within the business Adhere to  limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement