State Street India | Financing Solutions- Secured Finance, Assistant Vice President

Responsibilities

• The team you will be joining is a part of State Street Markets.
• As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions.
• Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying.
• 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 programs and access to employee networks that help you stay connected to what matters to you.
• 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
• 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 escalate settlement failures, pricing issues, or breaks
• Monitor failed trades and communicate to trading/management
• Support TMPG claims tracking and reporting
• 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.
• Creates an empowering climate.
• 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.
• Ensure 3 tier back up and bolster resiliency by planning split ops across both locations.
• Handling and monitoring issue and query mails and escalating issues promptly as required to Senior Management

Must have skills

• 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.
• Communicates with other team members from diverse backgrounds in an effective manner.
• Projects an inspiring presence and collaboration by fostering a network of communication.
• Ability of an individual to facilitate the continuous development of individual & organizational competencies, developing other’s potential through the sharing of expertise and providing timely feedback.
• 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.
• 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.
• Change agent with abilities to navigate challenges effectively.
• 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.
• Proven ability to manage global stakeholders, lead teams, and drive process efficiency and operational excellence.
• Strong Communication Skills ( Written/Verbal ).
• Must have skills -Repo, Reverse Repo, TPMG Claims, FICC, Settlements, Sponsored Member Repo(SMR), 3rd party Repo

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)