Collateral Management - Officer
State Street · Posted Nov 6
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
State Street's Collateral Management team focuses on reducing credit risk by exchanging eligible cash or securities between counterparties, calculating daily margin calls based on the mark-to-market of underlying trades and ensuring all client exposures are fully collateralized and agreed collateral transactions settle as agreed. The India team handles end-to-end margin call processing, reconciliations, fails investigation, interest processing and client/internal reporting, with onboarding being a critical part of the process. As an Officer, the role covers daily margin call processing for bank and fund clients, collateral balance reconciliation, escalation ownership, interest and portfolio reconciliations, risk escalation and control adherence, and coaching/coverage support across EMEA/NA shifts.
What you will do
- 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
Skills used in this role
What the employer is looking for
- 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
- Graduate and above preferably in Finance
- B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce
- Experience on Colline platform is a must
- Knowledge on Macros, SQL & MS Access Database queries
Benefits and support
- Inclusive development opportunities
- Flexible work-life support
- Paid volunteer days
- Vibrant employee networks
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
Recent coverage
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Business Wire
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