Job Title: Collateral Management Professional

Who we are looking for:

We are seeking a collateral management professional who understands the entire flow of the stock lending process to ensure that collateral is delivered/received as per the agreed-upon terms and conditions for equity products.

Why this role is important to us:

The team you will be joining is part of State Street Global Markets, one of the biggest asset managers in the world, providing services to governments, institutions, and financial advisors globally. The team is responsible for managing the collateral that State Street lends to customers on equity products. Additionally, as a third-party lending agent, we manage stock position movements accordingly. Join us if you are ready to make your mark in the collateral management industry from day one.

What you will be responsible for:

- Daily activities include loan and loan processing, exposure management, mark to market reconciliations, executing collateral movements, and monitoring process exceptions and exposures throughout the day.

- Manage Noncash Collateral Bilateral/Triparty process transactions/trades between State Street and various brokers.

- Ensure all trades/trade instructions are settled/cancelled and resolve any breaks between SS and brokers.

- Agree on daily collateral margin, coordinate instructions to deliver/receive collateral with brokers, and reconcile daily Noncash Collateral movements.

- Complete daily EOD balancing, 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, controls, and maintaining procedures.

- Monitor various queues and remediate short positions to ensure trade instructions reach the market on time.

- Check and monitor triparty coverages on triparty agent platforms like BONY, JPM, Euroclear, and Clearstream.

- Basic understanding of tools like SWIFT, MCH, Bloomberg, Pirum & Equilend.

- Communicate with Trading Desk, Borrowers, and Counterparties to remediate issues.

- Liaise with various internal teams, including settlements, Front office, Recon, and Custodian.

- Follow and maintain SOPs diligently.

Candidate requirements:

- Good knowledge of stock lending and cash/Triparty/Bilateral collateral.

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

- Ability to work as a team player in a global team environment.

- Deadline and detail oriented.

- Demonstrated computer proficiency, including advanced knowledge of MS Excel, and strong analytical and technical skills.

Shift Timing:

06:00 PM to 03:00 AM

Education & Preferred Qualifications:

- University degree in Business with a major in Accounting, Finance, or other financial-related programs.

- Overall experience of 3+ years in the finance industry, familiarity with securities operations, preferably securities lending activities.

About State Street:

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies globally. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Work, Live and Grow:

We strive to create a nurturing work environment. Our benefits packages are competitive and comprehensive, including medical care, insurance, and savings plans. You’ll have access to flexible Work Program and various development programs to reach your full potential.

Inclusion, Diversity and Social Responsibility:

We value diversity and inclusion as essential elements of our work culture. We welcome candidates of diverse origins, backgrounds, abilities, age, sexual orientations, gender identities, and personalities. State Street is an equal opportunity and affirmative action employer. We are actively engaged with our communities and offer paid volunteer days, a matching gift program, and access to employee networks.

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