Senior Associate, Transaction Management

About the role

State Street’s Middle Office / Transaction Management team in Mumbai & Pune supports end-to-end transaction management across global financial markets. The Senior Associate manages trade settlement lifecycles, trade confirmation and matching, static data maintenance, and exception management while coordinating with brokers, custodians, counterparties, and internal stakeholders to mitigate settlement risk and maintain data integrity. The role requires strong product knowledge across Equities, Fixed Income, FX, Money Markets, and Derivatives, along with analytical, communication, and problem-solving skills.

What you’ll do

• Manage the complete settlement lifecycle for securities and cash transactions, including monitoring settlement queues and timely release of trade instructions.
• Investigate and resolve unmatched and failed trades by coordinating with brokers, custodians, counterparties, and internal teams.
• Perform pre-settlement and post-settlement monitoring, review settlement exceptions, and execute corrective actions within market deadlines.
• Process transaction amendments, SSI updates, and settlement instruction changes; support force settlement, pre-advice processing, and cash management activities.
• Perform daily confirmation and matching of trades via electronic matching platforms and manual processes; investigate confirmation breaks and discrepancies.
• Create, maintain, and validate standing settlement instructions (SSI) and maintain security master, counterparty, broker, custodian, and market reference data.
• Adhere to operational risk and control standards, identify process gaps, recommend automation or process improvements, and support audit, compliance, and regulatory reviews.
• Act as a key contact point for internal and external stakeholders, provide timely updates on critical trade and settlement issues, and build effective relationships with clients, brokers, custodians,

What you’ll bring

• Bachelor’s degree in finance, Accounting, Economics, Business, Commerce, or a related discipline.
• 4 to 8 years of financial services experience.
• Experience in Trade Settlements, Trade Confirmation, Static Data Management, Custody Operations, or Middle Office Operations.
• Exposure to global securities markets and settlement practices.
• Knowledge of Equities, Fixed Income, FX, Money Market, and Derivatives products.
• Trade lifecycle management and settlement/confirmation process expertise.
• SWIFT Messaging proficiency (MT54x, MT599, MT3xx).
• Reconciliation and exception management skills.

Nice to have

• Relevant industry certifications such as CFA, FRM, CISI, or investment operations certifications.
• Systems knowledge including GTM, CTM, ALERT, TradeSuite, Bloomberg, Aladdin, Charles River, custody platforms, SWIFT applications, Microsoft Excel, and Power BI.

Skills

Education

Bachelor’s degree in finance, Accounting, Economics, Business, Commerce, or related discipline