Collateral & Loans/returns Settlements for Security Finance Operations - Associate-2

Who we are looking for:
The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams. Major responsibilities include

Why this role is important to us:
What you will be responsible for:

- Daily activities include loan and loan return processing, mark to market reconciliations, executing cash movements, monitoring and resolving failing returns and process exceptions throughout the day.
- Agrees daily collateral margin, coordinates instructions to deliver/receive collateral with brokers and reconciles daily net cash movements for Fed and Euroclear transactions.
- Need to have strong knowledge in Stock borrow lending, Noncash and cash collateral management.
- Release and settle loans on timely fashion to avoid fails.
- Need to have good knowledge in settlements (Equities and fixed income).
- Confirms end of day re-pricing and money movements with brokers and reconciles net cash collateral activity in a timely manner.
- Complete daily EOD balancing, ensuring market activity is correctly reflected in the firm’s books and records (DML).
- Assist in driving various firm and team initiatives including Operational Efficiencies and Controls, improving the risk and control environment and maintaining procedures.
- Develop effective working relationships with all SSGM staff at all levels across all locations.
- Provide appropriate MIS data/feedback as and when requested to support business unit decision making.
- Demonstrate ‘Risk Excellence’ culture in their behavior and encourage an environment of openness and transparency that fuels effective challenge, debate and open discussion.
- Identify and suggest process and control improvements to management to reduce risk on the team.
- Assist with any new projects/new initiatives as directed by management

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

- Good knowledge of Stock Borrow lending and Collateral management
- Strong communication, interpersonal, organizational, and time management skills
- Ability to analyze investment guidelines and policies to determine testing requirements
- Excellent communication, organization, interpersonal planning, and analytical skills
- Deadline and detail oriented
- Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skill- Flexible with shift
- Education & Preferred Qualifications:

- University degree in Business majoring in Accounting, Finance, or other Financial-related programs
- Overall experience of 4+ years in Securities/Stock borrow lending (Noncash and Cash) or related work.
- Secondary Skills (Good to Have)
- Good knowledge on MS office product.
- Good Analytical Skills
- 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.