Who we are looking for
This position in Collateral management / Exchange Traded Derivatives is responsible for managing and overseeing the positions / margins are in line with exchange and collateral movements are settled on time to mitigate the financial risk. This role involves settling margin movements & collateral movements and ensuring compliance with documentation and regulatory requirements. Experience in interacting with client and counterparties while working on margin call, making sure cash & securities settled on time. This position also included identifying opportunities for process improvement to enhance operational efficiency.
Why this role is important to us
The team you will be joining will be servicing one of the largest Investment Management company in United States. We are providing end to end solution for our client from operations to technology solutions. Join us for delivering the innovative solutions through your skill sets in the financial service industry.
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What you will be responsible for
As Senior Associate you will
- Ensure that all collateral margin calls are processed within agreed timeline, assist in resolving dispute calls.
- Ensure that all collateral payment/receipt, cash flow are settled accurately & on timely manner.
- Ensure all ISDA/CSA are in place for all new Counterparties & updated in collateral system.
- Understanding CSA terms & standard settlements instruction and approving in system.
- Understanding of Various SWIFT messages for Cash & securities
- Reconciling margin balance with brokers & settling the movements based on MTM.
- Handle queries and requests from internal & external clients in a timely and accurate manner.
- Exposure to trade & cash settlement
- Excellent communication skills both written & verbal.
- Ability to communicate with clients (Both Internal & External)
- Ability to multitask.
What we value
- These skills will help you succeed in this role:
- Strong critical thinking, problem solving, and decision making skills
- Understand derivatives trade lifecycle & associated functions.
- Understand the way collateral management functions.
- knowledge in various derivative products like CDS, OIC, IRS etc..
- Reconciliation skill set is must.
- Added advantage if you have knowledge in PLM / TLM.
Education & Preferred Qualifications
- Graduation & Post graduation
- 3-5 years of relevant experience
- Financial markets certifications.
About State Street
What 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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs 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 perspectives 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 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 programs 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.
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