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Job type full-time
Benefits pulled from the full job description
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Who we are looking for: we are looking for a candidates with experience in collateral management to reduce credit risk by exchanging cash/securities with counterpartiesShould have knowledge in calculations based on mtm and results in sending margin callsThe position will contain a basic training to carry out activities by working both remotely from home and from officeWhy this role is important to us: collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterpartiesThe daily calculations are based on mtm of the underlying trades and results in sending margin calls, which in turn lead to agreeing transfersBased on the agreements between our clients and the counterparties the collateral team in india ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.What you will be responsible for: as senior associate – emerging lead you will:
Margin call processing - process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
Fails investigation - checking the cash non-receipt reports and the custody settlement system (mch) and initiating correspondence with the client
Reporting - generate a variety of reports, which includes client and internal reporting from an access database and protocol.
Portfolio reconciliations - completing any daily or ad hoc manual portfolio reconciliations.
Interest processing - month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Project management and execution of transition activity
Facilitate resolution of outstanding issues and/or exceptions with other departments in respect of the unit’s work
Review and document process flows/procedures and contribute new ideas/improvements to further streamline the process
Build new tools, coordinate implementation of improvements; lead testing
Facilitate resolution of outstanding issues and/ or exceptions with other departments in respect of the unit’s work
Drive lean efforts
Oversee and support ad hoc client requests resolution
On-board processes, complete testing and documentation
Build macros, support macro maintenance and coordination with gmas
Support current ms access databasesProject, build and implement new solutions
The works have conception, creative and individual characterThe effect of work is original vision of solutions which is a unique, individual intellectual creationThe works aims to acquiring knowledge and skills in order to develop new products, processes and services or to make significant improvements to existing products, processes and servicesThe activities have independent performance and they are largely originalThe results of the work are, for example, macros, codes, tests, manual tests, test scenarios, scripts and storiesWhat we value: these skills will help you succeed in this role:
Proficient knowledge of ms excel and outlook; power point and word will be an advantage
Proficient knowledge of ms access and vba
Very good command of english; effective communication, ability to write and signs off official documents
Experience in finance and custody
Knowledge of otc markets/ derivatives instruments
Numeracy skills; attention to details
Accuracy and ability to work with tight deadlines
Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
Self-motivated and reliant, flexible
Project management methodologies would be an advantage
Education & preferred qualifications:
Graduate and above preferably in finance
B.com, bbm/bbaMba (finance), m.com or any degree related to finance or commerce
Additional requirements:
Certification on ncfm / cisi (chartered institute for securities & investment)
Knowledge on macros, sql & ms access database queries
About state street what we doState street is one of the largest custodian banks, asset managers and asset intelligence companies in the worldFrom technology to product innovation we’re making our mark on the financial services industryFor more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of peopleWe provide investment servicing, data & analytics, investment research & trading and investment management to institutional clientsWork, live and growWe make all efforts to create a great work environmentOur benefits packages are competitive and comprehensiveDetails vary in locations, but you may expect generous medical care, insurance and savings plans among other perksYou’ll have access to flexible work program to help you match your needsAnd our wealth of development programs and educational support will help you reach your full potentialInclusion, diversity and social responsibilityWe 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 clientsWe warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personalityAnother fundamental value at state street is active engagement with our communities around the world, both as a partner and a leaderYou 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 youState street is an equal opportunity and affirmative action employerDiscover more at statestreet.com/careers
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