Equity Swaps Corporate Actions (prime Services) - manager

Equity Swaps Corporate Actions Officer

We are seeking an experienced Officer-level professional for our Equity Swaps Corporate Actions team, responsible for overseeing and executing day-to-day BAU processing for Equity Swaps in line with the operating model, internal SLAs, and control frameworks.

The role sits within State Street Markets Operations' Financing Solutions business, supporting the Prime Services Equity Swaps product. The Officer will act as a key point of escalation and subject matter expert, partnering closely with Trading, Swap Operations, Stock Loan, Custody, and Risk teams to manage mandatory and voluntary events, restrictions, and lifecycle processing in a controlled, audit-ready environment. Corporate actions on equity swaps represent a high-risk, high-complexity operational area where errors can directly impact P&L, client outcomes, and regulatory posture. As an Officer, this role plays a critical part in safeguarding economic neutrality, ensuring accurate processing outcomes, and reinforcing a strong control and escalation framework across synthetic and hedge books.

As Equity Swaps Corporate Actions (Prime Services)-Manager, you will:

• Oversee and perform processing of mandatory and voluntary corporate actions and dividend events impacting Equity Swaps portfolios.
• Manage and review event lifecycle activities including event capture, entitlement calculation, election processing, and settlement of cash and stock outcomes.
• Act as an escalation point for complex or time-sensitive voluntary corporate action elections, providing guidance and decision support as required.
• Ensure accurate booking and alignment of corporate action adjustments across swap and custody accounts.
• Review, investigate, and resolve breaks related to positions, entitlements, or cash flows, determining root cause and appropriate remediation.
• Oversee execution of daily, event-based, and periodic controls, ensuring adherence to documented procedures and control standards.
• Escalate material issues, control gaps, or processing risks in line with governance and escalation frameworks.
• Provide support and guidance to Senior Associates on complex processing, investigations, and control execution.
• Liaise with internal teams including Swap Operations, Trading, Stock Loan, and Custody to resolve issues and manage event impacts.
• Support responses to internal and external queries related to swap-linked corporate actions and income events.

What we value:

• Strong technical understanding of corporate actions and asset servicing within an Equity Swaps or Prime Services environment.
• Ability to exercise sound judgment in managing risk, prioritizing issues, and determining when escalation is required.
• Strong reconciliation, investigative, and problem-solving skills.
• Ability to perform effectively under pressure, especially around critical market deadlines.
• Clear, confident written and verbal communication skills.
• Strong organizational and time-management skills.

What you will bring to the role:

• Strong front-to-back understanding of Equity Swap Operations processes, lifecycle events, and interactions between synthetic and physical positions.
• Hands-on experience supporting front-office exception management, middle-office systems, and downstream settlement / payment processes.
• Familiarity with systems such as NUVO, TRAIANA, DUCO, or similar platforms is an added advantage.

Education & Preferred Qualifications:

• 8-10 + years of experience in Corporate Actions, Asset Servicing, or Investment
• Experience providing oversight, coaching, or review support to junior team members.

Additional requirements:

• Shift Timings: 7:00pm to 4:00am IST (NA Shift)
• Persona: 4 days' work from office
• Location: Mumbai

About State Street:

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.