Assciate 2 - Fx Confirmation & Collateral Assciate 2 - Fx Confirmation & Collateral …

State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street
Assciate 2 - Fx Confirmation & Collateral
Will be a part of State Street Global Markets Foreign Exchange Collateral Management team that ensures all trades are matched and instructed within market guidelines.

Major Responsibilities:
  • Responsible of issuing Margin calls every day based upon the MTM movements in the market.
  • Monitoring security settlements as well as cash settlements.
  • Investigating on Non-receipt and Non-payments.
  • Month end interest processing and coupon settlements
  • Email counterparty to confirm trades
  • Reach out to client in case of non-receipts
  • Actively delegate with development in mind
  • Actively encourage openness and challenge within the team
  • Foster an environment that supports effective team work across organizations
  • Support the team to collectively identify risk issues for the benefit of all stakeholders
  • Share expertise and apply knowledge to improve processes within the team
  • Ensure that the focuses on client needs first and drive all efforts to provide exceptional service
  • Review and/ or Implement controls when applicable to reduce risk
  • Take responsibility for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

Level of Education/ Specific Qualifications:
Competent to Proficient with a minimum of a Bachelor's degree and equivalent experience in financial services

Skills and Experience -
  • Knowledge of some of the following areas are necessary: OTC derivatives collateral management, foreign exchange, derivatives, futures, debt/equity securities and related settlements processing
  • Ability to prioritize tasks and give direction to meet hard deadlines
  • Demonstrated ability to manage internal and external business partner relationships effectively
  • Understanding on how AcadiaSoft and Tri-resolve works
  • Ability to work under pressure, working to deadlines and dealing with high volumes
  • Strong communication skills - written and verbal, with internal and external contacts
Required Competencies -
  • Customer focus.
  • Demonstrates good team working skills
  • Ability to think creatively, solve problems and identify opportunities to improve existing processes and controls
  • Strong Excel skills - VLookups and Pivot Tables