Financing Solutions, Assistant Vice President

Responsibilities

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. Contractpare, Billing, etc
Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any
Executes instructions to receive or deliver securities from counterparties.
Ensure that your team meets the agreed SLA, KPI and KRI and evidence of the same documented every day.
Reviews contractpare 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 rmends procedural changes/improvements as needed
Demonstrates effectivemunication skills (written and verbal) - ensuring key stakeholders are regularly appraised on progress relative to milestones & escalates issues requiring attention appropriately
Ensure trades that fall out of the STP process are highlighted, tracked and remediated where appropriate
Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any potential process risk to the managers
Demonstrates effective risk management skills - capture andmunicate probability and impact to key stakeholders, ensure appropriate mitigation strategies are agreed.
Works collaboratively across SSGM Globally on key initiatives.
The AVP is expected to display the following Managerial qualities:
Demonstrate 'Risk Excellence' culture in your behaviour and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.
Establish and nurture a culture of individual and collective ownership at the 'captive' giving all staff a clear sense of both responsibility and accountability. Develop effective working relationships with all SSGM staff at all levels across all locations
Ensure that all staff adheres to the expected SSGM Code of Conduct.
In depth knowledge of domains like- securities lending, mark to market, SBL, Corporate actions, Settlements of FI or Equity and Collateral management.
Should have 12 years of experience in knowledge services environment serving Capital Market in Stock lending domain, handling a team of over 20 people at a minimum.
Demonstrates flexibility and effectiveness with changing environments, tasks, responsibilities & people. Is open to change and new ideas while maintaining core goals and values. Adapts behavior and work methods in response to new information, changes or organization demands
Ability of an individual to facilitate the continuous development of individual & organizationalpetencies, developing other's potential through the sharing of expertise and providing timely feedback. Continue to coach and mentor staff.
Track and monitor the workflow queues/day to day workload/pending requests/mailbox to avoid any potential issues and delays and ensure 100% SLA and accuracy and timelines for BAU deliverables.
Drive opportunities to work across groups in support of client needs, contribute in enhancing operating model and key Business Unit and Transformation initiatives, deliver on business and regulatory initiatives as per set timelines, achieve our financialmitments by providing better client service.
Always finding better ways to improve the process-you are responsible to drive and provide process improvement ideas to make the process and operating model better and efficient. Encourage staff to think differently. Look to provide time saves and risk reduction
Ensure 3 tier back up and bolster resiliency by planning split ops across both locations.
SSGM COO transformation - understand and assess internal control environment to drive year-over-year improvement and enhancement of internal controls - promote self identification working in partnership with the global SSGM Business Controls teams.
Work Shift- Night Shift from 5:00 PM/ 6:00PM Evening to 2:00 AM/ 3:00 AM Morning Indian Standard Time

Subject Matter Expert in :
Global Markets
Securities Finance
Settlements and Collateral
Securities Lending
Mark to Market
Depo and inventory management
Financial Accounting
Enhanced Custody
Corporate Action
Requiredpetencies
Work as a team player in a global team environment
Ability to work andmunicate with people across organizational units
Demonstrate a high standard for customer service and proactively managing work queues
Handling and monitoring issue and query mails and escalating issues promptly as required to Senior Management
Strong risk mitigation, problem solving, and decision making skills
Effective in process improvement and expense reduction
Experience in managing teams in multiple locations regions
Ability to think critically and resolveplex problems
Strategic mindset - looking at bigger picture for the future of the organisation
Change agent with abilities to navigate challenges effectively
Education / Experience
BS/BA or equivalent
12 + years experience in management of multi location
Strong management and employee relations skills
Technical Skills - IT and Systems
Intermediate, demonstrable knowledge of Microsoft Office suit
MCH
Euroclear/CREST
Qlikview
DTCC
IHS MARKIT
PIRUM
EQUILEND
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligencepanies 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 arepetitive andprehensive. 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 wee the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with ourmunities 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.
Job ID R-775523

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