Job Description

Who we are looking for:

We are seeking an individual with a good understanding of equities, fixed income, securities lending and borrowing business, and collateral management. This role demands constant interaction with multiple stakeholders, including the Trading Desk, Borrowers, and Internal teams.

Major responsibilities:

- Returns booking and exception monitoring of market loan and return transactions

- Ensuring daily collateral management

- Managing returns and emails

- Collateral Management Repricing

- Cash and Non-Cash specific processing

Why this role is important to us:

The team you will be joining is part of State Street Global Markets (SSGM). When institutional assets' owners and managers need research, trading, securities lending, and innovative portfolio strategies, they turn to SSGM. As our investment research and trading arm, SSGM’s primary goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets worldwide.

What you will be responsible for:

- Process high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily

- 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 and DDAs to validate positions with each counterparty

- Assist business area with inquiries pertaining to transactional activity

- Ensure timely resolution of counterparty issues including pricing problems, loan quantities, etc., while keeping management informed

- Identify and analyze operations risks and recommend procedural changes/improvements as needed

What we value:

- Strong knowledge of the Agency/Principle 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 (6:30 PM - 3:30 AM IST) shift

Shift Timing:

6:30 PM - 3:30 AM IST

Work Location:

Bengaluru

Education & Preferred Qualifications:

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

- Overall experience of 5+ years in Trade Settlements, Mark to Market, and Collateral Management (NA/EMEA markets) process

- Knowledge of Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets is a must

- Certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP), etc. will be an added advantage

- Project handling experience will be an added advantage

Secondary Skills (Good to Have):

- Exposure to Equilend, 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 are making our mark on the financial services industry. For over two centuries, we have been helping our clients safeguard and steward the investments of millions of people.

Work, Live and Grow:

We strive to create a great work environment. Our benefits packages are competitive and comprehensive. You can expect generous medical care, insurance, and savings plans among other perks. Our flexible Work Program, development programs, and educational support help you reach your full potential.

Inclusion, Diversity, and Social Responsibility:

We believe diverse backgrounds, experiences, and perspectives contribute to creating an inclusive environment where everyone can thrive. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Active engagement with our communities is fundamental, with tools to help balance professional and personal life, paid volunteer days, a matching gift program, and employee networks to stay connected.

State Street is an equal opportunity and affirmative action employer. For further information and to apply, please visit our website via the “Apply” button below.