State Street India
State Street India | FX Confirmations & Settlements, Team Lead
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Job Highlights
Responsibilities
- An experienced individual for our Markets Operations – Foreign Exchange Confirmations & Settlements team responsible for trade confirmation and settlement in line with market deadlines and internal SLAs. The individual should possess extensive knowledge and experience on securities, settlements, claims, rates, products, and related financial attributes.
- 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.
- Ensuring timely settlement of cash flows and Investigation and resolution of fails
- Validate and confirm FX trades (spot, forward, swap, NDFs, options) with counterparties in a timely manner.
- Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.
- Perform FX Netting Via email/Call or vendor platforms/ third-party systems (Misys,FXall, GTSS).
- Monitor unmatched or disputed trades and resolve discrepancies.
- Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle.
- Communicate effectively with counterparties and custodians to ensure timely resolution of issues.
- Maintain up-to-date records of confirmations and settlements.
- Ensure settlement of FX trades on value date by liaising with counterparties, custodians, and internal teams.
- Monitor nostro accounts to ensure funding and settlement accuracy.
- Support audits and ensure adherence to operational risk and compliance policies.
- Partner in process improvement, project management or technology development and testing across multiple teams and/or divisions
- Support applicable Change the Bank and Run the Bank Projects impacting the team, from inception, providing SME support, testing and monitoring into Production
- Drive automation initiatives to improve operational efficiency
Requirements
- Front-to-back knowledge of the FX Confirmation and settlement processes, systems, markets and instruments.
- Hands on experience in managing Interbank, Corporate, CLS, CLS_NET settlements.
- Working knowledge in Settlement/Payment department & understand payment life cycle.
- Familiarity with systems such as ION, GTSS, Bloomberg, FXALL and Misys SWIFT.
- Good knowledge in Back-office confirmations and settlement.
- Knowledge of Global Markets, custody, cash management and payment systems.
- Good Communication Skills both written and oral.
- 5 to 7+ years of experience in Financial Services industry.
- Certification on NCFM / CISI (Chartered Institute for Securities & Investment).
- Knowledge on Macros, SQL & MS Access Database queries.
- Ability to think critically and resolve complex problems
- 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.
