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 Associate you will:

• Complete all assigned tasks accurately and in a timely manner
• Answer margin calls and queries from different departments
• Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
• Review and document process flows/procedures and contribute in new improvement ideas to further streamline the operational process
• Get involved in departmental ad-hoc projects
• Ability to take ownership and initiative
• Preferred 1-2 years of experience in financial or business services
• Get involved in the training and development of other team members
• Prepare and review monthly internal and external statistics
• Demonstrate risk excellence by escalation any doubts, potential risk or audit issues through proper channels of communication,
• Support on-boarding of new processes, clients etc.
• Support manager; prepare and plan workload
• Reply timely and with professional manner to queries via different communication channels
• Coordinate escalations, make sure no queries and tasks as unanswered

What we value:
These skills will help you succeed in this role:

• Numeracy skills; attention to details
• Accuracy and ability to work with tight deadlines
• Very good knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
• Understanding of financial markets basics
• Good command of English; effective communication
• Ability to collaborate and teamwork; organizational skills
• Experience in finance or other related area
• Knowledge of OTC markets/ derivatives instruments/ custody or VBA would be an advantage
• Self-motivated and enthusiastic, flexible

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
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 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.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers