IBOR Accounting, Associate 2

The Associate 2 will support daily IBOR accounting activities across investment portfolios, ensuring accurate maintenance of positions, cash, accruals, and transactions within the Investment Book of Record (IBOR). The role requires strong attention to detail, analytical skills, and the ability to investigate exceptions while operating within a controlled and deadline-driven environment. The individual will work closely with Reconciliation, Fund Accounting, Asset Maintenance, Pricing, and Technology teams to ensure data integrity and operational excellence.

Key Responsibilities

IBOR Accounting & Processing

• Perform daily IBOR accounting activities and validate portfolio transactions.
• Monitor and process cash movements, income accruals, corporate actions, and security events.
• Verify accuracy of positions, cash balances, and valuation data within the IBOR platform.
• Support day-to-day accounting production and reporting requirements.

Exception Management

• Investigate accounting exceptions and data integrity issues.
• Perform root cause analysis for breaks and discrepancies.
• Partner with internal teams to resolve operational issues within established timelines.
• Escalate material issues and control concerns appropriately.

Reconciliation Support

• Support cash, position, transaction, and valuation reconciliations.
• Assist in break resolution and documentation of findings.
• Ensure reconciliation exceptions are investigated and resolved timely.

Risk & Controls

• Adhere to established operational controls and procedures.
• Maintain accurate audit trails and process documentation.
• Support internal and external audit requests as required.
• Identify control gaps and raise process improvement opportunities.

Continuous Improvement

• Participate in process improvement and automation initiatives.
• Assist in documenting procedures and updating operating guidelines.
• Contribute ideas to improve efficiency, accuracy, and scalability.

Required Experience

• 2-4 years of experience in IBOR Accounting, Fund Accounting, Reconciliation, Middle Office Operations, or Investment Operations.
• Basic understanding of the investment lifecycle and accounting principles.
• Exposure to fixed income, equity, derivatives, or alternative investment products is preferred.
• Experience working in a financial services or asset management environment preferred.

Required Knowledge & Skills

Technical Knowledge

• Understanding of:
  • Investment Book of Record (IBOR)
  • Cash and position accounting
  • Trade lifecycle
  • Income and corporate actions processing
  • Reconciliations and break investigation
  • NAV and valuation concepts

Analytical Skills

• Strong problem-solving and investigation capability.
• Ability to interpret data and identify anomalies.
• High attention to detail and accuracy.

Professional Skills

• Strong communication and stakeholder management skills.
• Ability to manage multiple priorities and work under deadlines.
• Ownership mindset and willingness to learn.
• Team-oriented with strong collaboration skills.

Preferred Qualifications

• Bachelor's degree in Finance, Commerce, Accounting, Economics, or a related discipline.
• CA Inter, CFA Level I, MBA Finance, or equivalent qualification preferred.
• Exposure to tools such as Excel, Power BI, SQL, or reconciliation platforms is advantageous.

Additional Details:

This role will be in North America Shift.

About State Street

What we do. 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.

Work, Live and Grow. 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.

Inclusion, Diversity and Social Responsibility. 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 the 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.

Discover more at StateStreet.com/careers

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.

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