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Funding and Collateral Transformation - Senior Associate

2.00 to 7.00 Years   Bangalore   18 Oct, 2021
State Street Corporation
Job LocationBangalore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

Who we are looking forThe SSGM Funding and Collateral Transformation team (FaCT) engages in Reverse Repo transactions with Brokers, Bank Repo Transactions with Custodied Clients, and Sponsored Member Repo and Reverse Repo transactions on behalf of Custodied and 3rd Party Clients. FaCT additionally executes Repo transactions with Brokers on behalf of the Global Treasury BU.The North American SSGM FaCT operations is responsible for the daily settlement, netting validation, security master maintenance, and claims management for all FaCT business activity.Why this role is important to usThe team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM s number one goal is to enhance and preserve our clients portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.Join us if making your mark in the capital markets industry from day one is a challenge you are up for.What you will be responsible forThe major responsibilities will be:

  • Confirmation of DVP collateral and repo cash settlement details
  • Netting and releasing cash payments
  • Monitoring prices
  • Supporting Front Office trader queries
  • Monitoring of Clearance/Settlement,
  • Client and Management Reporting
  • Develop effective working relationships with all SSGM staff at all levels across all locations.
  • Provide appropriate MIS data/feedback as and when requested to support business unit decision making.
  • Demonstrate Risk Excellence culture in their behavior and encourage an environment of openness and transparency that fuels effective challenge, debate and open discussion.
  • Identify and suggest process and control improvements to management to reduce risk on the team.
  • Assist with any new projects/new initiatives as directed by management
What we value
  • Highly motivated, with the ability to multi-task
  • Works well under pressure and thrives in a deadline driven environment escalating issues in good time
  • Team player with the ability to work independently
  • Focus on mitigating risks and controls
  • A self-starter with high can do attitude.
  • Experience with Excel and other MS application
Education & Preferred Qualifications
  • Bachelor s degree in business, finance or related field.
  • 2 years of experience working in Settlement/ Operations group
  • Knowledge of Repos, cash payment. Market deadlines required.
  • Analytical, ability to solve complex problems
  • Attention to detail
  • Effective communication
  • Very well organized
About State StreetWhat 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,

Keyskills :
qualitycapital marketsinsuranceproduct innovationsecurities lendingaffirmative actionfront officeinvestment researchclaims managementcustomer relationsfinancial servicesmissales

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