Financing Solutions- Secured Finance, Assistant Vice President

State Street; India; On-site; INR 2,000,000 - 3,000,000; Full time

Benefits offered by this job

Generous medical care

Insurance and savings plans

Educational support

Flexible work programs

Job summary

State Street is looking for an experienced Assistant Vice President to oversee repo transactions and manage global stakeholders. The ideal candidate should have over 15 years of experience in repo, collateral, and settlement operations, with a strong focus on risk and control management.

The role involves daily confirmations, settlement monitoring, and driving process efficiency within a global team. Candidates with MBA or B.Com and proficiency in MS Excel are preferred.

Flexible working shifts are required for this position.

Qualifications

• Minimum 15+ years of experience in repo, collateral, and settlement operations.
• Ability to manage global stakeholders and lead teams.
• Strong attention to detail and control mindset.

Responsibilities

• Process repo/reverse repo transactions including settlements and reconciliations.
• Monitor settlements for collateral and cash providers.
• Track and ensure timely settlement execution.

Skills

Risk mitigation

Problem solving

Decision-making

Strong communication skills

Team player

Education

MBA

B.Com

Tools

MS Excel

Job description

Who we are looking for

Experienced person (minimum 15+ years) with deep knowledge of repo, collateral, and settlement operations, coupled with a strong risk & control mindset. Proven ability to manage global stakeholders, lead teams, and drive process efficiency and operational excellence. Strong Communication Skills (Written/Verbal).

What you will be responsible for

As Financing Solutions- Secured Finance, Assistant Vice President you will

• Process repo/reverse repo transactions across confirmations, settlements, and reconciliations
• Validate trade economics, collateral allocations, and netted settlements with clients/CPs
• Perform daily confirmations for collateral and cash providers via email
• Confirm netted settlements and wire instructions before execution
• Monitor onside/offside settlements for collateral and cash providers
• Track incoming/outgoing wires and ensure timely settlement execution
• Support triparty repo, FICC, and bilateral transactions
• Perform end‑of‑day balancing between Vendor and settlement systems
• Validate DDA balances and ensure zero discrepancy positions
• Execute FICC netting validation and exception tracking
• Identify and elevate settlement failures, pricing issues, or breaks
• Monitor failed trades and communicate to trading/management
• Support TMPG claims tracking and reporting

The AVP is expected to display the following Managerial qualities

• Demonstrate ‘Risk Excellence’ culture in your behavior and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.
• Establish and nurture a culture of individual and collective ownership at the ‘captive’ giving all staff a clear sense of both responsibility and accountability. Develop effective working relationships with all staff at all levels across all locations.
• Ensure that all staff adheres to the expected Code of Conduct.
• Communicates with other team members from diverse backgrounds in an effective manner. Influences and motivates the team. Creates an empowering climate. Projects an inspiring presence and collaboration by fostering a network of communication.
• Demonstrates flexibility and effectiveness with changing environments, tasks, responsibilities & people. Is open to change and new ideas while maintaining core goals and values. Adapts behavior and work methods in response to new information, changes or organization demands.
• Ability of an individual to facilitate the continuous development of individual & organizational competencies, developing others’ potential through the sharing of expertise and providing timely feedback. Continue to coach and mentor staff.
• Track and monitor the workflow queues/ day to day workload/pending requests/mailbox to avoid any potential issues and delays and ensure 100% SLA and accuracy and timelines for BAU deliverables.
• Drive opportunities to work across groups in support of client needs, contribute to enhancing operating model and key Business Unit and Transformation initiatives, deliver on business and regulatory initiatives as per set timelines, achieve our financial commitments by providing better client service.
• Always finding better ways to improve the process—you are responsible to drive and provide process improvement ideas to make the process and operating model better and efficient. Encourage staff to think differently. Look to provide time saves and risk reduction.
• Ensure 3 tier back up and bolster resiliency by planning split ops across both locations.
• Transformation – understand and assess internal control environment to drive year‑over‑year improvement and enhancement of internal controls – promote self‑identification working in partnership with the global Business Controls teams.

Required Competencies

• Work as a team player in a global team environment
• Ability to work and communicate with people across organizational units
• Demonstrate a high standard for customer service and proactively managing work queues
• Handling and monitoring issue and query mails and escalating issues promptly as required to Senior Management
• Strong risk mitigation, problem solving, and decision‑making skills
• Effective in process improvement and expense reduction
• Experience in managing teams in multiple locations regions
• Ability to think critically and resolve complex problems
• Strategic mindset – looking at bigger picture for the future of the organization
• Change agent with abilities to navigate challenges effectively

What we value

• Knowledge of repo/reverse repo or secured financing products
• Strong attention to detail and control mindset
• Ability to manage high volumes within tight deadlines
• Good understanding of Repo settlement flows and processing high value payments.

Shift

Flexible to work in NA Shift (incl 8PM IST logins)

Education & Preferred Qualifications

• MBA, B.Com
• MS Excel and other tools

Benefits

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

State Street is an equal opportunity and affirmative action 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.