Senior Associate – Front office

Bangalore, Karnataka
Permanent
Full-time

2 months ago

Who we are looking forState Street Global Markets Foreign Exchange Collateral team ensures all deals/trades are confirmed and settled in a timely manner based on market cut off.

This position requires excellent communication skills and an ability to work independently. Applicants should have strong technical skills, be a quick learner, be detail oriented and be able to multitask.
Knowledge of some of the following areas are necessary: OTC derivatives collateral management, foreign exchange, derivatives, futures, debt/equity securities and related settlements processing
Systems/Applications: DTC, MS Excel and Access, SQL Server, VB, IBS, Intrader and Bloomberg.

Why this role is important to usThe team you will be joining is a 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 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 forAs Senior Associate you will

Process daily margin calls daily for all agreed clients every day based upon the MTM movements in the market.
Monitoring security settlements as well as cash settlements.
Investigating on Non-receipt and Non-payments.
Month end interest processing and coupon settlements
Reach out to client in case of non-receipts
Actively delegate with development in mind
Actively encourage openness and challenge within the team
Foster an environment that supports effective team work across organizations
Support the team to collectively identify risk issues for the benefit of all stakeholders
Share expertise and apply knowledge to improve processes within the team
Ensure that the focuses on client needs first and drive all efforts to provide exceptional Service
Review and/ or Implement controls when applicable to reduce risk
Take responsibility for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Adheres to Standard Operating Procedures and improvises Operating procedures where they do not fall in line with the process
Ensures timely resolution of issues while keeping management informed of any potential issues.

What we valueThese 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 requirementsFlexible to work in any shift especially night shifts.About State StreetWhat 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

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