State Street India | Loans Returns & Settlements ,Associate 2

Responsibilities

• This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, collateral management.
• The team you will be joining is a part of State Street Global Markets (SSGM).
• We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.
• 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 program and access to employee networks that help you stay connected to what matters to you.
• Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any.
• Executes instructions to receive or deliver securities from counterparties.
• Reviews contract compare records, DDA’s to validate positions with each counterparty.
• Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.
• Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.
• Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed.
• Processes high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitors and resolves pending and failing aged Returns.
• Work, Live and Grow.

Qualifications

• Strong knowledge of Agency/Principle Security lending business, Capital markets and Equities.
• Strong communication, interpersonal, organizational, and time management skills.
• Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills.
• Should be flexible to work in US/UK shifts (depends upon requirement).
• University degree in Business majoring in Accounting, Finance, or other Financial-related programs.
• Overall experience in Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.
• Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.
• Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory.
• Exposure to Equilend, PIRUM, MCH, and DTC applications.

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)