Collateral Management - Manager

STATE STREET CORPORATION; Bengaluru; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

STATE STREET CORPORATION is seeking a skilled collateral management professional in Bengaluru to manage end-to-end margin calls and collateral reconciliations. The role focuses on reducing credit risk through timely cash and securities transfers and strong onboarding execution for new clients.

Key responsibilities include handling daily margin calls for banks and funds, investigating discrepancies, and producing comprehensive reports.

Qualifications

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

Responsibilities

• End to End Margin call processing for all client groups, including banks and fund clients, for cash and security margin calls.
• Reconcile collateral balances and investigate discrepancies; be the primary contact for escalations.
• Investigate fails, cash non-receipt reports, and coordinate custody settlements.
• Produce client and internal reports using database tools and Protocol.

Skills

Collateral Management

Margin calls

English communication

Leadership

Onboarding experience

Education

Finance degree

Commerce/Finance majors

MBA (Finance)

Tools

Colline platform

SQL & MS Access

Macros

Job description

Who we are looking for

We are looking for a candidate with deep experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in the end to end functions including Onboarding activities ideally.

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. The critical onboarding process is particularly important.

What you will be responsible for

• End to End 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 (MCH) and initiating correspondence with the client
• Reporting - Generate a variety of reports, which includes client and internal reporting from an access database and Protocol.
• 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.
• Ensure that the team meets accuracy and timeliness criteria.
• Carry out responsibilities fairly and impartially; create and maintain an engaged work environment.
• Assist in developing and implementing new workflow approaches and methods as well as system enhancements
• Collaborate with internal and external groups to identify, analyze and proactively resolve issues
• Be the key point of contact for internal/external clients in a most agile manner
• Provide inputs into hire, discipline, control work and terminate employment for direct reports and broader team as needed
• Provide inputs to promote, increase salary and bonus for direct reports and broader team as needed
• Provide coaching and development opportunities to staff
• Manage Performance Priorities and development plans
• Ensure SOPs/Job Aides/regulations are met and escape as needed
• Comprehensive and demonstrated knowledge of overall process and operating model.
• Understand how Onboarding impacts OPS deliverables and plan to create an error free environment.
• Identify all risk issues, breaches and suspicious transactions and acts in accordance with the 'risk' escalation chain and operating procedures
• Execute on the risk framework changes and/or escalation chain changes.
• Ensure all Key controls are identified, implemented and adhered to
• Perform related duties as assigned (Projects - India and Global)
• Provide back and coverage as required across EMEA/NA shift

What we value

These skills will help you succeed in this role:

• Communicates effectively and accurately in English - experience in facing clients
• Strong leadership, management, and organizational skills
• Ability to work under pressure and to tight deadlines
• Ability to work on own initiative and proactive
• Very good management skills
• Self- motivated, flexible, personable
• Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageous

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

• Experience on Colline platform is a must
• 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.

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.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

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.

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.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

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.