FX Collateral Management, Senior Manager

STATE STREET CORPORATION; Hyderabad; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

State Street Corporation in Hyderabad is seeking an experienced leader for our Global FX Collateral Management team, responsible for managing a group of specialists providing end-to-end operations support to global front and middle office teams. The role requires deep FX and collateral workflow knowledge and close collaboration with Trading, Onboarding, Regulatory, Risk, Compliance and Technology.

You will oversee daily margin calls and MTM movements, drive process improvements, align regional

Qualifications

• Extensive knowledge of FX and collateral management workflow.
• Experience leading teams across multiple locations.
• Ability to collaborate with Trading, Onboarding, Regulatory, Risk, Compliance and IT.

Responsibilities

• Oversee daily margin calls and MTM movements.
• Interact with traders, client management and counterparts on margin disputes and income receipts.
• Coordinate with Product and IT for initiatives impacting operations for readiness.
• Direct and align regional Collateral Management activities to create efficiencies and reduce risk.
• Lead platform migrations and projects to improve STP rates.
• Analyze new products and processes to identify upstream and downstream impacts.
• Communicate with Trading, Middle Office, Investigations and IT to resolve issues with urgency.
• Review and maintain controls to reduce risk for the business.
• Drive continuous improvement to streamline operating models.

Skills

FX knowledge

Collateral management

Leadership

Stakeholder management

Global team leadership

Job description

Who we are looking for:

An experienced leader for our Global FX Collateral Management team, responsible for managing a team of collateral management specialists providing end to end operations support to our global front office and middle office teams. Should possess extensive knowledge and experience on FX and Collateral management workflow. Will need to work closely with Global Markets’ business teams, Onboarding, Regulatory, Business Risk, Compliance and Technology teams

Why this role is important to us:

The team you will be joining is a part of State Street Global Markets (SSGM) which will be going through significant transformation. The team provides coverage for all regions APAC, EMEA and NA during their specific time zones. When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading and linking asset classes and markets across the world. 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:

Oversee daily margin calls & MTM movements. Interacts with traders, client management and counterparts regarding margin disputes, pending margin calls and pending income receipts Liaise with Product and IT for initiatives impacting operations for readiness and preparation Oversee, direct and co-ordinate activities for the Collateral Management team Drive and implement alignment of process across all regions to create efficiencies and reduce risk Lead platform migration and implement projects to improve STP rates Participate in analysis of new products and processes to identify upstream and downstream impacts on internal teams and external clients Communicate with multiple departments (Trading, Middle Office, Investigations, IT) to resolve any issues that arise and discrepancies with urgency Review, enhance and maintain controls to reduce risk for business Stakeholder Management – drive effective engagement strategy, understand and balance expectations, maintain regular connects and frequent communication Proactively drive continuous improvement initiatives to streamline operating models, gain efficiency, identify and mitigate control gaps by improving existing process

What we value:

These skills will help you succeed in this role: Strong knowledge of FX and Collateral Management Experience in managing teams in multiple locations Ability to think critically and resolve complex problems Effective in process improvement and risk reduction

Shit Timing : 2:00 - 11:00 PM IST

Work Location: Hyderabad

Education & Preferred Qualifications:

10+ years of experience in management and operations in FX industry Knowledge of Global Markets, Custody, Cash Management and Payment Management systems Strong management and employee relation skills

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. 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