State Street Operations Early Career Program in Bangalore

Operations Early Career Entry Program

This program is designed to develop graduates technically and professionally so they can grow into future leaders at State Street. You will learn from highly qualified people in the industry and be supported by individual mentors and development programs.

From day one, you will work in a collaborative, dynamic culture and receive:

• A structured learning and development program, including job-related training, professional development and soft skills training.
• A buddy who will share their experience, knowledge and guidance throughout your internship.
• Dedicated networking events for interns.
• Leadership and business sessions with Senior Management.
• The chance to grow your professional network through Employee Committees, including the Professional PWN, Families Network, Disability and Inclusion Network, Pride and Friends Network and Environmental Sustainability Network.

Internship dates: January 2027 to July 2027. You must take part in person from day one for the full duration, and you are required to work from the office five days a week.

Why this role matters

The Global Delivery Function helps clients achieve better investment outcomes by performing the back and middle office operations that State Street provides under its client contracts. These services include custody, accounting, fund administration, transfer agency, middle office and cash processing for asset managers, asset owners, alternative investors and insurance companies across all major asset classes.

What you will be responsible for

As an intern, you will join one of the following departments:

• Fund Accountant: Calculate fund net asset values through daily accounting, make sure fund prices are accurate and delivered on time, and act as the central contact for accounting support while resolving discrepancies.
• Financial Reporting Specialist: Prepare annual and interim financial statements, including first drafts of audited and unaudited statements from the trial balance (profit and loss, balance sheet, cash flow, schedule of investments and notes).
• Derivatives Specialist: Process futures and options for European exchange traded derivatives and other business, and serve as the central contact for clearing banks and client service teams.
• Financial Accountant: Process accounting documents and journals, prepare payments and account reconciliations, verify reports and take on other assigned projects.
• Treasury Accountant: Process treasury transactions in money and stock markets, prepare and approve payments, manage collateral and margins, monitor reserve requirements, reconcile bank accounts and take on other assigned projects.
• Transfer Agency Administrator: Handle trade processing, investor account maintenance and issue reporting, including reviewing anti-money laundering documentation and entering subscriptions.
• Middle Office Administrator: Process daily trade files, confirm trades and monitor trade fails with prime brokers, counterparties and funds.
• Pricing Administrator: Support accurate pricing of securities held by investment funds, mainly exchange traded securities, and validate prices against sources such as Bloomberg, Reuters and FTID.
• Risk Analyst: Support the Enterprise Risk Management division in maintaining risk policies, guidelines and limits, helping management reduce operational, credit, legal, regulatory and reputational risks.
• Compliance Analyst: Monitor compliance of client portfolios against regulatory and investment manager mandates using the Investment Compliance and Reporting platform, and complete research, analysis and reporting.
• Data Management Analyst: Work with IT and the Investment Compliance and Market Conformity teams to gather data for daily compliance checks, and maintain market, static and holdings data not fed automatically to the core application.
• Anti-Money Laundering Specialist: Review investor anti-money laundering documentation under AML policies and work with the Transfer Agency team to obtain required data from investors and clients.

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. For more than two centuries, we have helped clients safeguard and steward the investments of millions of people, providing investment servicing, data and analytics, investment research and trading, and investment management.

We offer competitive and comprehensive benefits, which vary by location, along with flexible work programs, development programs and educational support.

State Street is an equal opportunity and affirmative action employer. We welcome candidates of all backgrounds, and we consider all qualified applicants without regard to protected characteristics. More information on India jobs is available at StateStreet.com/careers.