Job Description

Who we are looking for:

We are looking for a candidate with deep experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in the end to end functions including Onboarding activities ideally.

Why this role is important to us:

Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed. The critical onboarding process is particularly important.

What you will be responsible for: As Officer you will:

End to End Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
Reconcile collateral balances, investigate and solve discrepancies be the main point of contact/ escalations
Fails investigation - Checking the cash non-receipt reports and the custody settlement system (MCH) and initiating correspondence with the client
Reporting - Generate a variety of reports, which includes client and internal reporting from an access database and Protocol.
Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Ensure that the team meets accuracy and timeliness criteria.
Carry out responsibilities fairly and impartially create and maintain an engaged work environment.
Assist in developing and implementing new workflow approaches and methods as well as system enhancements
Collaborate with internal and external groups to identify, analyze and proactively resolve issues
Be the key point of contact for internal/external clients in a most agile manner
Provide inputs into hire, discipline, control work and terminate employment for direct reports and broader team as needed
Provide inputs to promote, increase salary and bonus for direct reports and broader team as needed
Provide coaching and development opportunities to staff
Manage Performance Priorities and development plans
Ensure SOPs/Job Aides/regulations are met and escalate as needed
Comprehensive and demonstrated knowledge of overall process and operating model. Understand how Onboarding impacts OPS deliverables and plan to create an error free environment.
Identify all risk issues, breaches and suspicious transactions and acts in accordance with the risk escalation chain and operating procedures
Execute on the risk framework changes and/or escalation chain changes. Ensure all Key controls are identified, implemented and adhered to
Perform related duties as assigned (Projects - India and Global)
Provide back and coverage as required across EMEA/NA shift

What we value:

These skills will help you succeed in this role:
Communicates effectively and accurately in English - experience in facing clients
Strong leadership, management, and organizational skills
Ability to work under pressure and to tight deadlines
Ability to work on own initiative and proactive
Very good management skills
Self- motivated, flexible, personable
Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageous

Education & Preferred Qualifications:

Graduate and above preferably in Finance
B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce

Additional requirements:

Experience on Colline platform is a must
Knowledge on Macros, SQL & MS Access Database queries

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Collateral Management - Manager

Collateral Management - Manager