Collateral Management - Assistant Manager
Job Description
Who we are looking for:
We are looking for a candidates with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.
Why this role is important to us:
Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed..
What you will be responsible for: As Senior Associate you will:
Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
Fails investigation - Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties
Reporting - Generate a variety of reports, which includes client and internal
Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Substitutions
Coupon / Maturities
Transformation initiatives
What we value:
These skills will help you succeed in this role:
Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
Proficient knowledge of MS Access and VBA
Very good command of English; effective communication, ability to write and sing off official documents
Experience in finance and custody
Knowledge of OTC markets/ derivatives instruments, Collateral Onboarding
Numeracy skills; attention to details
Accuracy and ability to work with tight deadlines
Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
Self-motivated and reliant, flexible
Project Management methodologies would be an advantage
Education & Preferred Qualifications:
Graduate and above preferably in Finance
B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce
Additional requirements:
Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
Knowledge on Macros, SQL & MS Access Database queries
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Read our CEO Statement
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement