Experienced person (minimum 15+ years) with deep knowledge of repo, collateral, and settlement operations, coupled with a strong risk & control mindset. Proven ability to manage global stakeholders, lead teams, and drive process efficiency and operational excellence. Strong Communication Skills ( Written/Verbal ).
Why this role is important to us
The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.
As one of the largest and most experienced securities financing providers in the industry, we provide investors with market-leading expertise, technology and scale to accelerate decision-making and enhance performance. With a focus on innovative financing solutions, we’ve expanded our services to support a range of agency lending, repo and prime services, helping investors access new pools of liquidity and providing competitive overnight and term cash investment financing.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As Financing Solutions- Secured Finance, Assistant Vice president you will
- Process repo/reverse repo transactions across confirmations, settlements, and reconciliations
- Validate trade economics, collateral allocations, and netted settlements with clients/CPs
- Perform daily confirmations for collateral and cash providers via email
- Confirm netted settlements and wire instructions before execution
- Monitor onside/offside settlements for collateral and cash providers
- Track incoming/outgoing wires and ensure timely settlement execution
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- Support triparty repo, FICC, and bilateral transactions
- Perform end-of-day balancing between Vendor and settlement systems
- Validate DDA balances and ensure zero discrepancy positions
- Execute FICC netting validation and exception tracking
- Identify and escalate settlement failures, pricing issues, or breaks
- Monitor failed trades and communicate to trading/management
- Support TMPG claims tracking and reporting
The AVP is expected to display the following Managerial qualities:
- Demonstrate ‘Risk Excellence’ culture in your behavior 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. Develop effective working relationships with all staff at all levels across all locations
- Ensure that all staff adheres to the expected Code of Conduct.
- Communicates with other team members from diverse backgrounds in an effective manner. Influences and motivates the team. Creates an empowering climate. Projects an inspiring presence and collaboration 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 other’s potential through the sharing of expertise and providing timely feedback. Continue to coach and mentor staff.
- Track and monitor the workflow queues/day to day workload/pending requests/mailbox to avoid any potential issues and delays and ensure 100% SLA and accuracy and timelines for BAU deliverables.
- Drive opportunities to work across groups in support of client needs, contribute to enhancing operating model and key Business Unit and Transformation initiatives, deliver on business and regulatory initiatives as per set timelines, achieve our financial commitments by providing better client service.
- Always finding better ways to improve the process-you are responsible to drive and provide process improvement ideas to make the process and operating model better and efficient. Encourage staff to think differently. Look to provide time saves and risk reduction
- Ensure 3 tier back up and bolster resiliency by planning split ops across both locations.
- Transformation - understand and assess internal control environment to drive year-over-year improvement and enhancement of internal controls – promote self-identification working in partnership with the global Business Controls teams
Required Competencies
- 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
- Strong risk mitigation, problem solving, and decision-making skills
- Effective in process improvement and expense reduction
- Experience in managing teams in multiple locations regions
- Ability to think critically and resolve complex problems
- Strategic mindset – looking at bigger picture for the future of the organization
- Change agent with abilities to navigate challenges effectively
What we value
These skills will help you succeed in this role
- Knowledge of repo/reverse repo or secured financing products
- Strong attention to detail and control mindset
- Ability to manage high volumes within tight deadlines
- Good understanding of Repo settlement flows and processing high value payments.
Shift: Flexible to work in NA Shift (incl 8PM IST logins)
Education & Preferred Qualifications
- MBA, B.Com
- MS Excel and other tools
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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 powe
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