Custody - Associate 2

1 week ago

Hyderabad Telangana, India State Street Full time

Job Description

Who we are looking for

Associate is an entry level position with 1.5+ years of experience with basic knowledge of Security Processing and settlement. Provide support during US market hours, should be comfortable with Night Shift.

Why this role is important to us

The team you will be joining is a part of AIS Custody, that became a part of State Street (India) in 2017. The team is responsible for managing the core process workflow related to Security & Settlements, Cash Management & Reporting activities.

What you will be responsible for

As Associate 2, you will
- Good knowledge about end to end of the Trade Life Cycle
- Book trades accurately and in a timely manner. Communicates fail trade information as directed. Reconcile outstanding items
- Knowledge about trade elements such as Security identification, transaction type, counterparty,
- Understanding about SWIFT messages and different message type
- Basic identification of ISIN, Sedol & Cusip
- Knowledge about different types of trade such as RVP, DVP, RFP, DFP, etc.
- Basic knowledge about DTC, FED, Euro Clear and Clear Stream would require for this role
- Knowledge about calculation of gain/loss of a trade (cost basis)
- Understanding about processing deal slip
- Knowledge about trade settlement and reasons for failure of trade
- Should be able to work under stringent deadline situations
- Mailbox management and to ensure all actionable completed within the deadline
- Work in conjunction with individuals on the team, other shared services/COEs, India and Onshore to ensure seamless processing of custody related processing.
- Support the research and resolution of exceptions and inquiries related trade processing & Trade Settlement.
- Process trade settlement information within deadlines and comply with all FTTOP requirements
- Process collateral/assets segregated as instructed
- Maintain records in support of audits
- Consults with manager where clarification or exception to policy may be required
- Other duties as assigned.

What we value
- Strong verbal, written and interpersonal communication skills
- Strong accuracy aptitude and detail orientation
- Highly self-driven sense of motivation

Education & Preferred Qualifications
- Bachelor’s degree with a preferred concentration in Accounting/Finance or relevant work experience

Shift timings:
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.
- State Street is an equal opportunity and affirmative action employer..

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