About the job

Job Description

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 Associate you will

• 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 initiating correspondence with the client
• Reporting - Generate a variety of reports, which includes client and internal reporting from an access database
• Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
• Interest Processing - Month end interest statement generation, settling interest, updating Ability to work under pressure, working to deadlines and dealing with high volumes
• Strong communication skills – written and verbal, with internal and external contacts

What We Value

These skills will help you succeed in this role

• Customer focus.
• Demonstrates good team working skills
• Ability to think creatively, solve problems and identify opportunities to improve existing processes and controls
• Strong Excel skills – VLookups and Pivot Tables

Education & Preferred Qualifications

• MBA or any financial degree Qualification
• Good knowledge in Back office confirmations and settlement
• Good Communication Skills both written and oral

Additional Requirements

Flexible to work in any shift especially night shifts.

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 programs 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