State Street

Workforce Optimization, Associate 2

State Street  •  Bengaluru, IN (Onsite)  •  18 days ago
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Job Description

Purpose of the Role

Support the end-to-end execution of global Workforce Optimization (WO) / Reduction in Force (RIF) processes. Ensure timely, accurate, and compliant delivery of workforce reduction activities while supporting impacted employees and minimizing operational and regulatory risks.

Key Responsibilities

  • Workforce Optimization Process Execution
    Support the preparation, validation, and execution of workforce impact files and notification cycles. Ensure timelines, data accuracy, and process adherence throughout the lifecycle.

  • Process Governance & Compliance
    Follow established Employee Relations and RIF governance frameworks, ensuring compliance with country-specific labor laws and internal policies. Flag risks and escalate issues proactively.

  • Data & Case Management
    Review employee data related to workforce reductions (terminations, exits, transitions) and coordinate updates across HR systems (e.g., Workday, ticketing tools). Maintain accuracy and confidentiality of sensitive information.

  • Stakeholder Coordination
    Work closely with HR Business Partners, Employee Relations, Payroll, Benefits, Finance, and Legal teams to support smooth execution of workforce reduction activities.

  • Employee Support Coordination
    Assist in addressing employee queries and ensure appropriate routing of causes related to separations, grievances, or benefits during RIF cycles.

  • Operational Excellence
    Adhere to defined SLAs and support tracking of key metrics (accuracy, timeliness, exceptions). Contribute to process improvements and stabilization of files early in the cycle.

  • Technology & Tools Usage
    Use HR systems, trackers, and digital tools effectively to manage workflow. Support adoption of automation and standardized templates.

Qualifications & Experience

  • 2–5 years of experience in HR operations, Employee Relations, or workforce lifecycle processes

  • Exposure to RIF / restructuring / workforce optimization processes is preferred

  • Basic understanding of labor law and compliance requirements

  • Experience in global or multi-country environments is an advantage

  • Familiarity with Workday, ticketing tools, and MS Excel

Key Skills

  • Strong attention to detail and data accuracy

  • Ability to manage timelines in a high-pressure, deadline-driven environment

  • Good stakeholder coordination and communication skills

  • Problem-solving mindset with ability to escalate risks appropriately

  • High level of confidentiality and professionalism

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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State Street

About State Street

At State Street, we deliver leading investment platforms, data, expertise, and solutions that accelerate performance and better decision making.

With over 200 years of global financial leadership, we equip institutional investors through a comprehensive suite of capabilities:

Investment Services: Integrated front-to-back solutions across custody, accounting, and operations.

Investment Management: Index and active strategies from one of the world’s largest asset managers.

Markets: Multi-asset trading, FX solutions, and data-driven research to enhance portfolio value.

Who We Are

• 50,000+ employees worldwide

• Active in 100+ markets

• #1 in ETF servicing

What You’ll Find Here

• Executive perspectives and thought leadership

• Timely market commentary and macro insights

• Our views on investment operations, ETFs, private markets, and digital finance

• Stories reflecting our culture, values and commitment to diversity and inclusion

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Boston, Massachusetts
Year Founded
1792
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