Job Description

Who we are looking for

State Street’s Global Markets division (SSGM) is looking for a candidate with 5 to 6 years of experience in Client Onboarding/Collateral Static Set-up/Credit Limit Application/CSA Set-up. Knowledge of Variation Margin CSA and Initial Margin CSA would be an added advantage.

Why this role is important to us

The team that you will be joining is a part of SSGM’s Client Service Solutions focused on servicing Sales and Trading clients. 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.

What you will be responsible for

• Setting-up the accounts with CSA (such as Variation Margin & Initial Margin CSA agreements as per the Margin rules) in State Street’s Collateral platform
• Manage Credit Structures for new and existing FX accounts in State Street’s in-house systems
• Determine the best course of action to establish trading/credit limits
• Work with credit approvers to secure limits
• Update State Street’s risk systems
• Identify unique counterparty structures and escalate for resolution
• Maintain static data across multiple platforms
• Respond to queries regarding the status of specific requests or new clients in a timely manner
• Liaise with internal teams, clients, credit, legal and operations when the required credit/collateral documents are not available at the time of account set-up
• Track and monitor potential issues and delays
• Oversee two different teams each dedicated to a specialized support function (Collateral and Credit System Set-up) and serve as the initial point of escalation
• Resolve and escalate issues proactively and in a timely manner

Help monitor KPIs to ensure a high level of service

• Evaluate and enhance processes and procedures on an ongoing basis
• Coordinate Internal and External Audit and Compliance reviews
• Coordinate system access and access reviews
• Maintain and continuously develop knowledge around core products of business unit and key applications in use by the business unit

What we value
Skills & Knowledge

• Prior Client Onboarding/Collateral Static Set-up/CSA Set-up/Credit Limit Application and team management experience would be a plus
• Knowledge of Variation Margin and Initial Margin CSA would be an added advantage
• Excellent communication skills in oral and written forms
• Strong team player and good professional interaction with other team members and workgroups
• Strong ability to multi-task and work under pressure
• Strong problem-solving skills and "can do" attitude
• Strong organizational skills
• Ability to identify and appropriately escalate issues and risks
• Perform work independently on specific assignments
• Strong attention to detail
• Demonstrate a high Standard of Care when setting up accounts in our in-house systems
• An ability to apply lessons learnt to future work
• The desire to see an issue through to completion
• The desire to play a part in issue resolution
• Pride in one’s personal work and an understanding of how it impacts the organization

Education & Preferred Qualifications

• M.Com/MBA in Finance

Additional requirements

• Experience: 5 to 6 years of experience
• Shift Timings: 3 PM to 12 AM IST
• Work Location: Bangalore

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. 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.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome 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 programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers