Financial Solution Operation – Assistant Manager

Application ends: April 26, 2024
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Job Description

About the job

Job Description

Who we are looking for:

Looking for collateral management professional who understands the entire flow of stock lending process to ensure that collateral is delivered / received as per the terms and conditions agreed upon with our customers for in-scope of equity products.

Why This Role Is Important To Us

The team you will be joining is a part of State Street Global Markets , one of the biggest asset managers in the world, that provides services to the world’s governments, institutions and financial advisors. The team has the responsibility to manage the collateral that state street is lending to their customers on Equity & Fixed Income products. In addition, state street as 3rd party lending agent we are doing additional responsibilities to manage the stock position movement accordingly.

What You Will Be Responsible For

  • Daily activities include loan processing, exposure management, mark to market reconciliations, executing Non-cash movements, monitoring process exceptions throughout the day.
  • Management of transactions/trades between State Street and the various Triparty party custodians. Ensuring all trades/trade instructions are settled/cancelled, and fix any breaks that occur between SS and custodians.
  • Agrees daily collateral margin, coordinates instructions to deliver/receive collateral with brokers and reconciles daily position movements.
  • Completes daily EOD balancing, KPI checks 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.
  • Monitoring various queues and remediation of short position to ensure trade instructions reach market on time
  • Checking and monitoring safekeeping position of third party client
  • Good understanding of tools like SWIFT MCH/Global One
  • Good understanding of tools like Pirum, Equilend, Triparty agents BoNY, Euroclear, Clearstream & JPM
  • Good understanding on market changes and candidate should be ready to accept challenges
  • Communicate with Trading Desk, Borrowers, Counter parties to remediate issues
  • Liaising with CA team to manage CA event on open positions with borrower
  • Diligently Follow and maintain SOP’s
  • Candidate should have good People management and analytical skills.

What We Value

These skills will help you succeed in this role

  • Good knowledge on Stock lending and Bilateral & Triparty processes.
  • Strong communication, interpersonal, organizational and time management skills
  • Work as a team player and leader in a global team environment
  • 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, analytical and technical skills
  • Shift Timing : Global shifts
  • Work Location : Hyderabad

Education & Preferred Qualifications

  • University degree in Business majoring in Accounting, Finance, or other Financial-related programs
  • Overall experience of 8+ years in the finance industry, familiarity with securities operations preferable securities lending activities.

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 the 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

Job ID: R-744279