Parth Bhalerao
Associate at StateStreet Corporate Services| Clearance, Settlement & Trading Operations| US Retirement services |Cash & Custody Settlement
- Role
- Associate-1 at State Street
- Location
- Pune, IN
- LinkedIn followers
- 500 followers
About Parth Bhalerao
An Investment Banking Operations professional with over 1.8+ years of experience in…
Experience
Associate-1
Dec 2023 — Present · Pune, IN
Experienced in Transaction Services & Cash processing at State Street, specializing in cash settlement, reconciliation, and payment processing using ACH, wire transfers, SWIFT (MT 103, 202), and checks for Cash settlements. Key Achievements & Responsibilities:Specialized in cash settlement operations for US pension funds (401k plans) and mutual fund indexes on NYSE, ensuring timely execution of SWIFT (MT103/202), ACH, Wire, and cheque-based transactions with zero tolerance for settlement errors.Managed Capstock and Mantran transactional feeds, coordinating with Transfer Agencies and Client Services to ensure seamless trade matching, reconciliation, and settlement of high-volume financial data.Automated critical post-trade processes using VBA Macros (e.g, trade booking, Capstock data extraction, settlement workflows) which reduced manual processing time by 30% and improved straight-through processing (STP).Led PayHub training sessions for new and existing team members, standardizing onboarding processes and improving overall team efficiency in handling cash settlement workflows.Oversaw trade positioning and monthly pension reporting for 1,500+ funds, ensuring precise fund allocation, compliance with internal controls, and timely resolution of discrepancies to mitigate operational risk.Coordinated portfolio management tasks including target trading, trade cancellations, and rebookings to align client portfolios with market requirements and client strategies.Ensured compliance with regulatory and internal audit standards, proactively identifying risk factors and implementing robust risk mitigation frameworks in settlement and reconciliation activities.Tools and systems: State Street PayHub, ChecksPro, ACH/MCH, VBA Macros, Power BI.
Education
Sanjivani Group of Institutes
Bachelor of Business Administration - BBA
2020 — 2023
SANJIVANI JUNIOR COLLEGE,VAIJAPUR
HSC
2018 — 2020
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