Financing Solutions - Corporate Action, Manager

State Street Corporation; Hyderabad; Sur place; INR 2 000 000 - 2 800 000; Plein temps

Résumé du poste

State Street Corporation in Hyderabad seeks a senior professional to lead securities lending operations and corporate action processes. You will coordinate with TFO, borrowers and internal teams to ensure accurate handling of dividends, entitlements and actions.

The role requires deep knowledge of corporate actions lifecycle, strong communication and risk awareness, and ability to manage SLAs and KPIs across global teams.

Qualifications

• University degree in Accounting, Finance or related field.
• Knowledge of Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets.
• Certifications like NSE Certification in Financial Markets (NCFM) or NCCMP are a plus.

Responsabilités

• Reconciliation and distribution of dividends and cash corporate actions.
• Analyses, researches and interprets corporate action terms and conditions.
• Inputs corporate action blocks, restrictions and trading comments on the Securities Finance system.
• Communicates with internal and external parties to provide corporate action information and deadlines.
• Calculates entitlements based on corporate actions terms and conditions and processes adjustments and possible market transactions.

Connaissances

Securities lending experience

Corporate actions life cycle

Communication

Team management

MS Excel (advanced)

Analytical skills

Formation

University degree in Business/Accounting/Finance

Outils

Equilend

Pirum

Captain

MCH

DTC applications

Description du poste

Who we are looking for:

This dynamic leadership role requires good understanding of Securities Lending and borrowing business and corporate action life cycle. It requires constant interaction with multiple stakeholders namely TFO, borrowers and other internal teams. Candidates having working experience of corporate action life cycle should only apply.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets India COO (SSGM) which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6. State Street is one of the largest agents lenders in the world, with over 40 years of experience and more than 250 clients across multiple global markets. Our depth of lendable assets and strong market position provides more trading opportunities.

When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit.

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:

• Reconciliation and distribution of dividends and cash corporate actions.
• Analyses, researches and interprets corporate action terms and conditions according to established policies and procedures.
• Inputs corporate action blocks, restrictions and trading comments on the Securities Finance system.
• Communicates with internal and external parties to provide corporate action information and relevant deadlines.
• Calculates entitlements based on corporate actions terms and conditions and processes the requisite adjustments and possible ensuing market transactions in a timely and accurate manner for securities borrowed and on loan.
• Communicates with the trading and settlements groups to enforce policies and procedures to minimize corporate action issues.
• Reconciles pending/open borrowed and loaned positions with participating parties.
• Collects the requisite income from participating borrowers in order to pay the participating lending agent(s) on market pay date.
• Ensure that your team meets the agreed SLA, KPI and KRI and evidence of the same documented every day.
• 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 needed.
• Demonstrates effective communication skills (written and verbal) – ensuring key stakeholders are regularly appraised on progress relative to milestones & escalates issues requiring attention appropriately.
• Ensure trades that fall out of the STP process are highlighted, tracked and remediated where appropriate.
• Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any potential process risk to the managers.
• Demonstrates effective risk management skills – capture and communicate probability and impact to key stakeholders, ensure appropriate mitigation strategies are agreed.
• Works collaboratively across SSGM Globally on key initiatives.
• Strong project and people management skills.

What we value:

• 10 to 12 years’ of strong product knowledge of corporate actions life cycle and Agency/Principle Security lending business
• Strong communication, interpersonal, organizational, and time management skills
• Good team management experience
• Deadline and detail oriented
• Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
• Should be flexible to work in EMEA/US (2:00 PM - 11:00 PM IST/6:00 PM - 03:00 AM IST) shift

Education & Preferred Qualifications:

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs
• 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.
• Exposure to Equilend, Pirum, Captain, MCH, and DTC applications

Work Location:

Hyderabad

About State Street

What 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/careers

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

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