State Street India | GT Operations, Officer

Responsibilities

• The individual should possess extensive knowledge and experience on securities, settlements, rates, treasury products, and related financial attributes.
• A large element of the role is transformation of the function, from operating model changes to a new technology infrastructure to reduce risk, create efficiency and improve service delivery.
• The role will be needed to drive the transformation whilst remaining focused on BAU so as to not compromise on service.
• The team you will be joining plays an important role in the overall success of State Street.
• As a leading provider of trading and lending solutions to the world’s institutional investors.
• Stay abreast of all regulatory and market changes and ensure adherence and no impact to service standards as a result of these changes.
• Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying.
• Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle.
• Responsible for Markets participation in programs such as ISO 20022, TD+1, and other bank wide initiatives.
• Provide Trade Support for Asset Management and Liability Management teams of Global Treasury
• Monitor exception reporting and provide necessary insight on resolution
• Monitor derivative and investment portfolio valuations and report on exceptions
• Investigate recon variances and provide root cause analysis
• Provide trade support and static data set up for Funding and Collateral Transformation team
• Monitor and perform collateral management functions in accordance with approved policies and procedures
• Oversee daily activities and help junior team members with subject matter expertise, trainings and understanding the core business operations
• Proposes and works to implement workflow changes, leading to improved productivity
• Work directly with the business and other Global Treasury stakeholders to provide information and/or operational solutions as needed
• Work proactively on updating job aids and procedures, making sure that team is adhering to the newly adopted processes
• Support the “Risk Excellence” culture within the business
• Work well with all GTO members and GT/GM stakeholders as demonstrated by being responsive to requests, striving for excellent client service
• Execute Funds & Securities Transfers for Repo/Reverse Repo activities.
• Perform or approve cash/GL processing.
• Take a leadership role in broader based projects as a subject matter expert.
• Responsible for KRI/Operating Metrics reporting and other overarching team related responsibilities.

Requirements

• Front-to-back knowledge of the Treasury product related Confirmation, Settlement, systems, markets and instruments.
• Hands-on experience in managing FICC, NSCC, Repo, reverse repo, DTC and FED settlements.
• Working knowledge in Settlement/Payment department & understanding payment life cycle.
• Familiarity with systems such as Markitwire, Summit, In-trader, MCH, Hogan , IBS, Bloomberg, FXALL, 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.
• Knowledge of Macros, Artificial intelligence, Automation tool etc.
• We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them.
• Strong risk mitigation, problem solving, and decision making skills
• Ability to think critically and resolve complex problems
• Graduate and above preferably in Finance

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)