Who we are looking for:
We are looking for a candidates with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.
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.
What you will be responsible for:
As Assistant Vice President you will:
Onboarding process - Manage collateral client legal & technical setup for new/ amendment agreements through known industry vide applications i.e.Colline, Cassini, ACADIA
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.
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
Hold authority to hire, discipline, control work and terminate employment for direct reports and broader team as needed
Hold authority 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/regulations are met and escalate as needed
Comprehensive and demonstrated knowledge of overall process and operating model
Identify all risk issues, breaches and suspicious transactions and acts in accordance with the risk escalation chain and operating procedures
Implement and communicate to staff risk framework changes and/or escalation chain changes perform related duties as assigned
What we value:
These skills will help you succeed in this role:
Communicates effectively and accurately in English
Strong leadership, management, and organizational skills
Ability to work under pressure and to tight deadlines
Deeper understanding of various Collateral elements like Regulatory IM, Variation Margin, Legal documents like CSA & CCAT.
Good working knowledge of industrywide collateral tools like Colline, ACADIA, Cassini
Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageous
Additional requirements:
. Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
. 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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