Officer Claims Officer Claims …

State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
Officer Claims
Major Responsibilities:
  • Ensuring daily/weekly/monthly reports are delivered in timely manner with 100% accuracy
  • Work with corresponding banks or counterparties to reduce overall exposure to the organization
  • Ensure that all claims are resolved in timely manner and are escalated accordingly for immediate resolution
  • Ensure that all KPIs are met on monthly basis
  • Any escalated issues are addressed immediately and steps taken to avoid recurrence
  • Ensure that all aspects of risk and compliance are covered with the team on a weekly basis and are met
  • Ensure that all regulartory requirements and reportings are done timely including compliance trainings for the team
  • Ensure errors are minimised and Bank's exposure to financial loss is minimised
  • Check and verify swifts and payment entries as the first line of defense
  • Assist with review for current operating procedures. Make recommendations for improvement that eliminates processing deficiencies, addresses operational risk and ensures ongoing focus on best practice

Staff Supervision
  • Effectively supervise staff and support the Manager - Investigations in the daily management of the group, to include resourcing of leave, shift coverage and overtime
  • Assist in the management of workflows to ensure an equitable distribution of work amongst staff is achieved
  • Monitor staff to ensure work is being completed in a timely and efficient manner, and prior to currency/customer deadlines
  • Provide feedback to the Manager - to assist in the completion of the Performance and Planning Review (PPR) for process for the team
  • Support an environment which promotes teamwork, motivates and rewards staff
  • Work with your manager to identify training requirements; conduct staff training as required
  • Ensure effective delegation - monitor and ensure completion of delegated tasks

Client Service
  • Act as the 1st point of contact for interdepartmental, client and staff queries/issue relating to the compensation team. Escalate any issues to management as required
  • Respond promptly to client (internal / external) concerns, needs and requests
  • Ensure all agreed deliverables and standards are met

Change Management
  • Demonstrate a willingness to support change / initiatives within Bank (locally / globally)
  • Demonstrate ability to take on tasks without instruction
  • Assist with tasks associated with technology and procedural changes that effect the compensation team (global/local/industry)

Products / Services Supported
  • FX / MM / TSY / TMPG / Security / OD Claims
  • Revaluations
  • Interest Analysis
  • Primary Nostro


Education and Experience

  • Industry Accreditation
  • Demonstrated market knowledge and relevant market experience into compensation and settlements
  • Experience in operational and staff supervision
  • A strong aptitude for information technology including MS office, Crystal, SWIFT


  • Candidate should have good analytical skills
  • Effectively communicate with internal and external clients
  • Demonstrate the ability to assess and suggest resolution to a problem
  • Understanding of Bank's product and services and; the working relationship between front and back offices
  • Be a strong team player
  • Demonstrate professional maturity and effective time management
  • Embrace State Street's "Corporate Values" and support a work environment reflective of those values

    The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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