Accounts payable/receivable

Accounts payable/receivable

State Street

State Street

Mumbai, India

Experience :

Qualified accountant

Closes on :

Jul 2, 2024

Job Description

Job Description

Who we are looking for:

This dynamic role requires a good understanding of equities, fixed income, Securities Lending and borrowing business, and collateral management. The business requires constant interaction with multiple stakeholders, namely Trading Desk, Borrowers, and Internal teams.

The major responsibilities will be:

- Booking returns and monitoring exceptions in the settlement of market loan and return transactions, ensuring collateral is appropriately managed daily. This includes:

- Returns processing and email management

- Collateral Management

- Fails Management

- Cash and Non-Cash specific processing

Why this role is important to us:

The team you will be joining is a part of State Street Global Markets (SSGM). SSGM provides research, trading, securities lending, and innovative portfolio strategies to owners and managers of institutional assets. Our goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for:

As an Associate, you will perform several or all of the following duties based on the assigned desk (domestic, international) and/or product(s):

- Process high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitor and resolve pending and failing aged Returns.

- Interact with traders, client management, fund groups, and counterparts regarding discrepancies.

- Execute instructions to receive or deliver securities from counterparties.

- Confirm end-of-day re-pricing and money movements with counterparts.

- Review contract compare records, DDA’s to validate positions with each counterparty.

- Assist business areas with inquiries pertaining to transactional activity; coordinate 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.

- Identify and analyze operations risks related to current and potential business and recommend procedural changes/improvements as needed.

What we value:

These skills will help you succeed in this role:

- Strong knowledge of Agency/Principal Security lending business, Capital markets, and Equities

- Strong communication, interpersonal, organizational, and time management skills

- Deadline and detail-oriented

- Demonstrated computer proficiency, including advanced knowledge of MS Excel, problem-solving, and analytical skills

- Flexibility to work in US shift (5:30 PM - 2:30 AM IST)

Shift Timing:

2:00 PM – 11:00 PM IST / 5:30 PM - 2:30 AM IST

Work Location:

Mumbai

Work Experience:

1 to 2 years

Education & Preferred Qualifications:

- University degree in Business majoring in Accounting, Finance, or other Financial-related programs

- Overall experience in Trade Settlements, Mark to Market, and Collateral Management (NA/EMEA markets) process.

- Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is a must.

- Certifications such as NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) are an added advantage but not mandatory.

Secondary Skills (Good to Have):

- Exposure to Equilend, PIRUM, MCH, and DTC applications

About State Street:

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.

Our benefits packages are competitive and comprehensive, varying by location but may include generous medical care, insurance, and savings plans among other perks. Our flexible Work Program helps you match your needs, and our development programs and educational support will help you reach your full potential.

Inclusion, Diversity, and Social Responsibility:

We value the diverse backgrounds, experiences, and perspectives of our employees, which create an inclusive environment where everyone can thrive. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. We are also committed to active engagement with our communities around the world through volunteer days, matching gift programs, and employee networks.

Apply:

For further information, and to apply, please visit our website via the “Apply” button below.

Contact

support@plutuseducation.com

Social

© Plutus Education

Contact

support@plutuseducation.com

Social

© Plutus Education