Manager - Officer-FX Confirmations and Collateral Manager - Officer-FX Confirmations and Collateral …

State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
State Street
Manager - Officer-FX Confirmations and Collateral
FX Operations is part of a global operations support team that provides coverage for all regions EMEA, APAC and North America.
The FX Collateral Management team works to ensure that collateral is delivered / received as per the terms and conditions agreed upon with our customers for in-scope FX products and customers.
FX Confirmations team is responsible for monitoring SSGM daily FX activity, ensuring trades are matched and instructed within market deadlines.
  • Team members will interact daily with:
  • Trading
  • Middle Office
  • Liaise and report to SSGM Oversight and Management teams
  • Clients / Counterparties
  • Interact with System Vendors and Internal Project management teams to bring improvements in to production for BAU process and ensure regulatory requirements and project time lines are met.
  • Global internal operations teams
  • Client onboarding
  • Data Management


Skills and Experience - interpersonal, numerical, problem-solving, analytical, etc.
This position requires excellent communication skills and an ability to work independently. Applicants should have strong technical skills, be a quick learner, be detail orientated and be able to multitask.
  • Should contribute towards process improvements and excellence
  • Strong knowledge of back office operations in Investment Banking related to trade life cycle: FX Collateral and FX Confirmations and Settlement
  • Ability to research on own with good analytical skills

Knowledge of some of the following areas is necessary: CSA administration, OTC derivatives collateral management, foreign exchange, debt/equity securities and related settlements processing, reconciliations, and regulatory requirements for FX Collateral management. Prior experience in a client-facing role also beneficial.
Technical Skills - It and Systems and markets

  • Intermediate, demonstrable knowledge of Microsoft Access and Excel
  • TriResolve,
  • Bloomberg,
  • ProtoColl
  • Comfortable using internal banking systems
  • Knowledge of SWIFT


Required Competencies - motivation, team skills, ability to work under pressure, etc.
  • Ability to multi-task
  • Work as a team player in a global team environment
  • Ability to work and communicate with people across organizational units
  • Demonstrate a high standard for customer service and proactively managing work queues
  • Handling and monitoring issue and query mails and escalating issues promptly as required to Senior Management
  • A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
  • Demonstrate management experience

In addition, the Manager will be expected to display the following Managerial qualities:
  • Ensure that all FTE's have a clear understanding of their core responsibilities and their reporting lines.
  • Establish and monitor an effective oversight framework ensuring that work is completed 'on-time' or issues are identified & escalated in a timely fashion.
  • Develop effective working relationships with all staff - both junior and senior.
  • Demonstrate 'Risk Excellence' culture in your behaviour and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.
  • Establish and nurture a culture of individual and collective ownership at the 'captive' giving all staff a clear sense of both responsibility and accountability.
  • Ensure that all staff adheres to the expected SSGM Code of Conduct. In depth knowledge of back office operations in Investment Banking related to the following activities in a trade life cycle: FX Confirmation & Settlements and Collateral
  • Should have 8-10 years of experience in 3rd Party BPO environment serving Capital Market - Investment Banking clients, handling a team of over 10 people at a minimum.
  • Lead people through uncertainty by judging probabilities of situations, by exploring various options & deals with ambiguity through scenario planning.
  • Demonstrates a drive to accomplish results with a focus on timely delivery and quality. Ensure rigor of discipline in implementation by creating high performance work cultures built on best practices.
  • Communicates with other team members from diverse background in an effective manner. Influences and motivates the team. Creates an empowering climate. Projects an inspiring presence and collaborates by fostering a network of communication
  • Demonstrates flexibility and effectiveness with changing environments, tasks, responsibilities & people. Is open to change and new ideas while maintaining core goals and values. Adapts behavior and work methods in response to new information, changes or organization demands
  • Ability of an individual to facilitate the continuous development of individual & organizational competencies, developing others- potential through the sharing of expertise and providing timely feedback.
  • Excellent communication skills to convey the right information and influence others towards desired action either verbally or by written means


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