Financing Solutions Loan Returns Settlements-Senior Associate

About the job

Who we are looking for: This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, collateral management. The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams The major responsibilities will be: Returns booking and exception monitoring the settlement of market loan and ... return transactions, as well as, ensuring that collateral is appropriately managed daily. This also includes the following: • Return and email management • Collateral Management • Repricing • Cash and Non-Cash specific processing Why this role is important to us: The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for. What you will be responsible for: As Financing Solutions Loan Returns Settlements-Senior Associate you will: • 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. • Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any. • Executes instructions to receive or deliver securities from counterparties. • Confirms end of day re-pricing and money movements with counterparts. • 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. What we value: These skills will help you succeed in this role: • Strong knowledge of Agency/Principle Security lending business, Capital markets and Equities. • Strong communication, interpersonal, organizational, and time management skills. • Deadline and detail oriented. • Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills. • Should be flexible to work in US (6:30 PM - 3:30 AM IST) shift. Shift Timing: 6:30 PM - 3:30 AM IST.

Requirements

• Equities
• Fixed Income
• Collateral Management
• Financial Markets
• MS Excel
• Communication Skills
• Analytical Skills

Qualifications

• University degree in Business majoring in Accounting.
• 5+ years in Trade Settlements.
• Certifications like NSE Certification in Financial Markets.

Preferred Technologies

• Equities
• Fixed Income
• Collateral Management
• Financial Markets
• MS Excel
• Communication Skills
• Analytical Skills

Benefits

• Generous medical care
• Insurance and savings plans
• Flexible Work Program
• Development programs
• Educational support

About the company

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. We strive to create a great work environment with competitive benefits, development programs, and educational support.