Collateral Management - Assistant Manager

STATE STREET CORPORATION; Hyderabad; Hybrid; INR 800,000 - 1,400,000; Full time

Job summary

State Street Corporation is seeking a collateral management specialist in India to reduce credit risk by exchanging eligible cash or securities with counterparties. The role involves MTM-based calculations and margin calls, with training and a blend of remote and office work.

You will handle daily margin activity, reconcile collateral, and generate multiple client and internal reports. Strong Excel/Outlook skills, finance background, and teamwork are essential.

Qualifications

• Graduate or higher in Finance/Commerce with relevant degrees.
• Experience in collateral management or custody is preferred.
• Knowledge of MTM, margin calls, and collateral onboarding.

Responsibilities

• Process daily margin calls for clients including banks and funds.
• Investigate custody misses and reconcile collateral balances.
• Generate reports and perform portfolio reconciliations.
• Support month-end interest processing and pricing updates.
• Collaborate within a team and manage deadlines.

Skills

MS Excel

Outlook

PowerPoint

Word

Financial knowledge

Custody experience

MTM calculations

Numeracy

Attention to detail

Teamwork

Education

Graduate in Finance / Commerce

MBA / M.COM or related

Tools

MS Access

VBA

SQL

Job description

Job Description

Who we are looking for: We are looking for a candidates with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.

Why this role is important to us:

Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.

What you will be responsible for:

• Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls. Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
• Fails investigation - Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties
• Reporting - Generate a variety of reports, which includes client and internal Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
• Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
• Substitutions Coupon / Maturities Transformation initiatives

What we value:

• Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
• Proficient knowledge of MS Access and VBA
• Very good command of English; effective communication, ability to write and sing off official documents
• Experience in finance and custody
• Knowledge of OTC markets/ derivatives instruments, Collateral Onboarding
• Numeracy skills; attention to details
• Accuracy and ability to work with tight deadlines
• Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
• Self-motivated and reliant, flexible
• Project Management methodologies would be an advantage

Education & Preferred Qualifications:

• Graduate and above preferably in Finance B.COM, BBM/BBA.
• MBA (Finance), M.COM or any degree related to Finance or Commerce

Additional requirements:

• Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
• Knowledge on Macros, SQL & MS Access Database queries

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Equal Opportunity Employer

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Additional Information

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