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Who we are looking for:
Looking for Investment Banking professionals who understand Agency/Agency/Principal lending business with working experience in Collateral Management, Mark to Market and Trade settlements process.
Why is this role important to us:
The team you will be joining is a part of MFO (Markets and Financing Operations) which provides Agency and principal lending services to the biggest asset managers in the world (governments, institutions and financial advisors). Our array of offerings includes Custodial, Security financing (Lending/Borrowing) and post settlement services.
The team you will be joining is a part of State Street Markets which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6. Since synthetic market access is growing globally, Prime Services are expanding their product offering to include Equity Swaps. Clients take advantage of a range of financing solutions, from memo-pledge and self-financing to self-borrow and repledge. Our Secured financing solution offers accessibility to cash investment and financing outlets for a wide range of institutional participants. State Street is one of the largest agent's lenders in the world, with over 40 years of experience and more than 250clients across multiple global markets.
Our depth of lendable assets and strong market position provides more trading opportunities When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit.
Join us to make your mark in the capital markets industry.
What you will be responsible for:
As Prime Services Operations, Team Leader, you will
Performs several or all the following duties based on assigned desk (domestic, international) and/or product(s):
. Processes high volume of international loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls executes cash movements daily monitors and resolves pending and failing transactions.
. Interacts with traders, client management, fund group(s) and counterparts regarding international trade settlements and cash movements
. Execute instructions to receive or deliver securities from counterparties.
. Confirms end-of-day re-pricing and money movements with counterparts.
. Reviews contract compare records 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 recommends procedural changes/improvements as needed
. Runs and logs critical reports to the balance sheet and provides relevant parties with appropriate report statistics.
. Completes special projects as assigned provides assistance to operational process improvement efforts
What we value:
These skills will help you succeed in this role:
Strong knowledge of Agency/Principal Security lending business
Strong communication, interpersonal, organizational, and time management skills
Deadline and detail oriented
Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
Should be flexible to work in US Shift :Shit Timing : 06:00 PM - 03:00 AM IST
Work Location: Bangalore
Education & Preferred Qualifications:
. University degree in Business majoring in Accounting, Finance, or other Financial-related programs
. Overall experience of 8+ years in Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.
. Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.
. Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory. Secondary Skills (Good to Have)
. Exposure to Equilend, Prium, MCH, DTC and Crest applications About State
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.
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 welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities 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.
Discover more at StateStreet.com/careers
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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At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing.
Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.
Job ID: 148960807
Skills:
Ms Excel, MCH, Equilend, dtc, Mark to Market, Trade settlements, Agency Principal Security lending, Collateral Management, Prium, Crest
Skills:
supplier negotiation , Ms Excel, Macros, Power Bi, VB, contract management, Sourcing
Skills:
Ms Excel, Macros, Power Bi, VB
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