Collateral Management-Team Lead

STATE STREET CORPORATION; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

State Street Corporation in Bengaluru is seeking a Collateral Management-Team Lead with deep knowledge of agency lending, stock loans, and collateral settlement processes. You will manage end-of-day re-pricing, returns processing, and reconciliation with traders and clients.

The role requires 7+ years in agency lending and related operations, strong MS Excel skills, and the ability to work a US shift. A university degree in Finance or Accounting is preferred; NSE certifications are a plus.

Qualifications

• University degree in Finance or Accounting or related field.
• 7+ years in Agency Lending, Stock Loan, Trade Settlements, MTM and Collateral Management.

Responsibilities

• Returns booking and exception monitoring; settlement of market loan and return transactions with collateral appropriately managed daily.
• Return and email management; Collateral Management; Repricing; Cash and Non-Cash processing.
• Processes high volume of international loans, recalls and broker returns per procedures; liaises with traders and counterparties.
• Executes instructions to receive/deliver securities; confirms end-of-day re-pricing and money movements.
• Reviews contract compare records and DDA's to validate positions; resolves counterparty issues.
• Identifies operational risks and recommends procedural improvements.

Skills

Agency lending

Capital markets

Equities

MS Excel

Communication

Time management

Problem solving

Analytical skills

US shift flexibility

Education

University degree in Finance/Accounting

Tools

Equilend

MCH

DTC applications

Job description

Who we are looking for:This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, collateral management. The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teamsWhy this role is important to usThe team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.As one of the largest and most experienced securities financing providers in the industry, we provide investors with market-leading expertise, technology and scale to accelerate decision-making and enhance performance. With a focus on innovative financing solutions, we’ve expanded our services to support a range of agency lending, repo and prime services, helping investors access new pools of liquidity and providing competitive overnight and term cash investment financing.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 Collateral Management-Team Lead you will:Returns booking and exception monitoring the settlement of market loan and return transactions, as well as, ensuring that collateral is appropriately managed daily. This also includes the following:Return and email managementCollateral ManagementRepricingCash and Non-Cash specific processingPerforms several or all the following duties based on assigned desk (domestic, international) and/or product(s):Processes high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitors and resolves pending and failing aged Returns.Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if anyExecutes instructions to receive or deliver securities from counterparties.Confirms end of day re-pricing and money movements with counterparts.Reviews contract compare records, DDA’s to validate positions with each counterparty.Assists business area with inquiries pertaining to transactional activity; coordinates 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.Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as neededWhat we value:These skills will help you succeed in this role:Strong knowledge of Agency/Principle Security lending business, Capital markets and EquitiesStrong communication, interpersonal, organizational, and time management skillsDeadline and detail orientedDemonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skillsShould be flexible to work in US (6:30 PM - 3:30 AM IST) shiftNA Shift Timing:6.00 pm – 3.00 pm ISTWork Location:BangaloreEducation & Preferred Qualifications:University degree in Business majoring in Accounting, Finance, or other Financial-related programsOverall experience of 7+ years in Agency Lending, Stock Loan, Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.Certifications: 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, MCH, and DTC applicationsAbout 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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/careersAbout State StreetAcross 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/careersRead our CEO Statement