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Assistant Manager role in Corporate Banking Operations – Bangalore, India.
Lead loan servicing, cash movement, and process improvement in State Street’s GCF Loan Operations.
Title: Corporate Banking Operations, Assistant Manager
Location: Bangalore, India
Description: Impact Statement
Global Credit Finance (GCF) Loan Operations provides operational support for several GCF products within Finance.
Loan Servicing Unit (LSU) Associate is needed to service credit facilities on the Bank’s loan accounting system(s), process related cash transfers and perform reconcilements/exception report reviews.
Primary Responsibilities
Review transactional documentation and process principal, interest and fee transactions on loan accounting system
Initiate cash movements via internal transfer and Fed wire/SWIFT
Reconcile general ledger/demand deposit accounts; document discrepancies timely
Analyze and research exception items for resolution
Maintain Letters of Credit
Manage interest and fee logs
Provide client support and respond to client queries
Be the SME - Handle complex Process related queries and clarifications from the Team members and route these to onshore teams for resolution if required
Have an eye for detail to ensure all documents are processed and reviewed correctly
Implement a robust Knowledge Management model including maintenance of SOPs, process/policy change management, training of new joiners and ongoing training of existing team; drive 100% compliance to procedures, policies, guidelines and controls
Ensure timely escalation to the management as and when required
Motivate and support the Team Members to meet their Goals and Objectives.
Be self-motivated and flexible with working hours
Identify and drive changes to processes and procedures to improve productivity and efficiency; identify alternatives, options and different ways of looking at issues/problems and to seek alternative scenarios
Required Skills or Certifications
Overall 8-10 years of experience in Loan Operations (Bilateral, Agented and Non Agented.
General understanding of accounting
Proficiency with Microsoft Excel
Good organizational skills and the ability to prioritize under tight deadlines
Success Capabilities
Bachelor’s degree or similar
Candidates with knowledge of loan systems like Loan IQ will hold an added advantage
Strong interpersonal and communication (verbal and written) skills necessary
Must be detail oriented with ability to perform general analysis of credit documentation
Ability to work with others to accomplish tasks
Strong focus on the customer experience
Able to build strong, open & collaborative working relationships
Should be comfortable with Bangalore location
Should be open with all shifts (Including Night Shifts)
About State Street Across the globe
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 U.S. jobs at StateStreet.com/careers Read our CEO Statement
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