Security Finance

4 weeks ago


Mumbai Maharashtra, India State Street Full time

Who we are looking for:
This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, collateral management.

The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams

The major responsibilities will be:
Returns booking and exception monitoring the settlement of market loan and return transactions, as well as, ensuring that collateral is appropriately managed daily. This also includes the following:
2. Collateral Management

3. Fails Management

4. Cash and Non-Cash specific processing

Why this role is important to us:
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 for:
As an Associate Perform several or all the following duties based on assigned desk (domestic, international) and/or product(s):

- Processes high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitors and resolves pending and failing aged Returns.
- Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any
- Executes instructions to receive or deliver securities from counterparties.
- Confirms end of day re-pricing and money movements with counterparts.
- Reviews contract compare records, DDA’s to validate positions with each counterparty.
- Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.
- Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.
- Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed

What we value:
These skills will help you succeed in this role:

- Strong knowledge of Agency/Principle Security lending business, Capital markets and Equities
- Strong communication, interpersonal, organizational, and time management skills
- Deadline and detail oriented
- Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
- Should be flexible to work in US shift (5:30 PM - 2:30 AM IST) shift

Shift Timing:
2:00 PM - 11:00 PM IST/5:30 PM - 2:30 AM IST
- Work Location:
Mumbai

Work Experience:
1 to 2 years

Education & Preferred Qualifications:

- University degree in Business majoring in Accounting, Finance, or other Financial-related programs
- Overall experience in Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.
- Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.
- Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory.

Secondary Skills (Good to Have)

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 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.

State Street is an equal opportunity and affirmative action employer.


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