State Street India | Equity Swap Operations, Assistant Vice President

Responsibilities

• We are looking for an experienced and highly motivated professional to join the Financing Solutions business within Prime Services as an Assistant Vice President in Equity Swaps Operations.
• The successful candidate will provide leadership and oversight across the Equity Swaps operational lifecycle, ensuring effective BAU delivery, risk and control management, and continued development of the operating model.
• The role will work closely with Front Office, Technology, Risk, Treasury, Finance and other key stakeholders to support business growth while maintaining a strong and scalable control environment.
• The ideal candidate will have strong Equity Swaps and/or Prime Services operational experience, Hedge operations combined with proven people leadership, risk management and stakeholder management capabilities.
• Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader.
• Oversee trade processing, confirmations, settlements, reconciliations, resets, corporate actions, cash movements/wires, Stock borrowing & lending transactions, Collateral/margin movements and Treasury funding activities.
• Ensure operational exceptions and breaks are investigated, escalated and resolved within agreed timelines.
• Ensure BAU processes are completed accurately and in accordance with established procedures and service standards.
• Maintain a strong operational risk and control environment.
• Identify operational and process risks and implement appropriate controls and remediation actions.
• Track KRI/KPI/performance against business objectives and strategic priorities
• Support regulatory requirements, audits, risk assessments and control reviews.
• Ensure material issues and control weaknesses are appropriately escalated and tracked to resolution.
• Support the continued development of the Equity Swaps operating model.
• Provide Operations expertise for new products, clients, markets and business initiatives.
• Partner with Front Office, Technology, Treasury, Finance and other stakeholders to deliver scalable solutions supporting business growth.
• Drive process improvements and automation opportunities to improve efficiency, controls and client experience.
• Act as a senior Operations contact and escalation point for Equity Swaps.
• Manage, coach and develop team members, promoting accountability, collaboration and a strong risk culture.
• Drive performance, training, cross-training and knowledge sharing across the team.
• Build strong relationships across Front Office, Operations, Technology, Risk, Treasury, Finance and other support functions.
• Work, Live and Grow.

Education & preferred qualifications

• 12+ years of relevant experience within Financial Services Operations, Middle Office, Prime Services, Equity Derivatives or a related area.
• Strong understanding of Equity Swaps, Total Return Swaps and/or synthetic financing products.
• Experience across key lifecycle functions such as trade processing, confirmations, resets, corporate actions, settlements, reconciliations, collateral/margin and cash management.
• Previous experience managing or supervising an Operations/Middle Office team is preferred.
• Experience supporting new products, operating-model changes or business transformation would be advantageous.
• Knowledge of Macros, SQL & MS Access Database queries will be an added advantage.
• Strong Equity Swaps and trade lifecycle knowledge.
• Strong operational risk and control mindset.
• Proven leadership and people-management skills.
• Strong analytical, problem-solving and decision-making capabilities.
• Effective stakeholder and client management.
• Ability to manage multiple priorities in a fast-paced environment.
• Excellent communication, organization and influencing skills.
• Strong focus on accountability, continuous improvement and operational excellence.
• Hands-on experience and working knowledge in Front office exception management, Middle office systems, Settlement / Payment department & understanding Swap lifecycle
• Familiarity with systems such as NUVO, TRAIANA, DUCO, etc. will be an added advantage.

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.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)