Financing Solutions, Prime Services - Assistant Manager

STATE STREET CORPORATION; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

State Street Corporation is seeking an experienced Investment Banking professional to manage agency/principal lending operations, collateral management, mark-to-market and trade settlements. The role involves handling high-volume international loans, ensuring accurate cash movements and timely settlement with counterparties.

Ideal candidates have 8+ years in trade settlements and related domains, with strong Excel skills and knowledge of agency lending.

Qualifications

• 8+ years in Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.
• Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.
• Strong knowledge of Agency/Principle Security lending business, solid MS Excel skills and data analysis.

Responsibilities

• Processes high volume of international loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls.
• Executes cash movements daily and confirms end of day re-pricing and money movements with counterparts.
• Monitors and resolves pending and failing transactions; interacts with traders, client management, fund groups and counterparts.
• Assists business area with inquiries pertaining to transactional activity; coordinates response with traders and other internal teams.
• Ensures timely resolution of counterparty issues including pricing problems, quantities of loans and borrows.
• Runs and logs critical reports to the balance sheet and provides relevant parties with appropriate report statistics.

Job description

Who we are looking for:

Looking for Investment Banking professional who understand Agency/Principle lending business with working experience in Collateral Management, Mark to Market and Trade settlements process.

Why this role is important to us:

The team you will be joining is a part of MFO (Markets and Financing Operations) which provides Agency and principle lending services to the biggest asset managers in the world (governments, institutions and financial advisors). Our array of offerings includes Custodial, Security financing (Lending/Borrowing) and post settlement services. Join us if making your mark in the asset management industry from day one is a challenge you are up for.

What you will be responsible for:

• Processes high volume of international loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls;
• executes cash movements daily;
• monitors and resolves pending and failing transactions.
• Interacts with traders, client management, fund group(s) and counterparts regarding international trade settlements and cash movements
• Executes instructions to receive or deliver securities from counterparties.
• Confirms end of day re-pricing and money movements with counterparts.
• Reviews contract compare records 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
• Runs and logs critical reports to the balance sheet and provides relevant parties with appropriate report statistics.
• Completes special projects as assigned; provides assistance to operational process improvement efforts

What we value:

These skills will help you succeed in this role:

• Strong knowledge of Agency/Principle Security lending business
• Strong communication, interpersonal, organizational, and time management skills
• 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 APAC hours between 4 AM to 4PM

Shift Timing : 04:00 AM - 1:00 PM IST

Work Location: Bangalore

Education & Preferred Qualifications:

University degree in Business majoring in Accounting, Finance, or other Financial-related programs

Overall experience of 8+ years in 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, Prium, & MCH

About StateStreet

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 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