State Street India
State Street India | Collateral Management - Manager
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Job Highlights
Responsibilities
- We are looking for a candidate with deep experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties.
- Communicates effectively and accurately in English - experience in facing clients.
- Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
- Reporting - Generate a variety of reports, which includes client and internal reporting from an access database and Protocol.
- Ensure that the team meets accuracy and timeliness criteria.
- Assist in developing and implementing new workflow approaches and methods as well as system enhancements
- Collaborate with internal and external groups to identify, analyze and proactively resolve issues
- Be the key point of contact for internal/external clients in a most agile manner
- Provide inputs into hire, discipline, control work and terminate employment for direct reports and broader team as needed
- Provide inputs to promote, increase salary and bonus for direct reports and broader team as needed
- Provide coaching and development opportunities to staff
- Manage Performance Priorities and development plans
- Ensure SOPs/Job Aides/regulations are met and escalate as needed
- Identify all risk issues, breaches and suspicious transactions and acts in accordance with the 'risk' escalation chain and operating procedures
- Execute on the risk framework changes and/or escalation chain changes.
- Perform related duties as assigned (Projects - India and Global)
- Provide back and coverage as required across EMEA/NA shift
Requirements
- Strong leadership, management, and organizational skills.
- Ability to work under pressure and to tight deadlines.
- Ability to work on own initiative and proactive.
- Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageous.
- Experience on Colline platform is a must.
- Knowledge on Macros, SQL & MS Access Database queries.
- Should have knowledge in the end to end functions including Onboarding activities ideally.
- Graduate and above preferably in Finance
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
