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 necessitates constant interaction with multiple stakeholders namely the Trading Desk, Borrowers, and Internal teams.

The major responsibilities will be:

- Returns booking and exception monitoring of the settlement of market loan and return transactions, as well as ensuring that collateral is appropriately managed daily.

- 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 part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending, and innovative portfolio strategies, they turn to the SSGM business unit. As our investment research and trading arm, SSGM’s number one 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:

- Process a 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 group(s), and counterparts regarding discrepancies if any.

- 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 the business area 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, as well as problem-solving and analytical skills

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

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

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) processes.

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

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

Work, Live and Grow:

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to a flexible Work Program to help you match your needs. Our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity, and Social Responsibility:

We believe our employees’ diverse backgrounds, experiences, and perspectives are key contributors 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.

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