State Street India | FX Operations, Assistant Manager

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.
• Process : State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements
• 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, 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.
• Process payment instructions through SWIFT or internal systems.
• Monitor nostro accounts to ensure funding and settlement accuracy.
• Assist in the preparation of internal reports for management and regulatory bodies.
• Support audits and ensure adherence to operational risk and compliance policies.
• Perform static data set-up and data management
• Perform investigation and resolve in trade details/settlement discrepancies/ breaks and related outstanding issues in a timely manner.
• Escalate unresolved issues to appropriate stakeholders.
• Perform investigation and resolve non-receipts/ non-pay issues.
• Responsible for KRI/Operating Metrics reporting and other overarching team related responsibilities.
• Take a leadership role in broader based projects as a subject matter expert.
• Drive automation and STP initiatives to improve operational efficiency.
• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution.
• Coordinate with internal and external clients to assess service quality and identify areas for improvement.
• Work directly with the business and other Global Treasury stakeholders to provide information and/or operational solutions as needed.

Education & preferred qualifications

• Good knowledge in Back office/Trade Life Cycle confirmations and settlement.
• Knowledge of Global Markets Treasury, Custody, Cash management and Payment systems.
• Consistently demonstrates clear and concise written and verbal communication skills.

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)