FX Confirmation & Settlement - Assistant Manager

This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Business Line : STT Markets Work Location : Mumbai / Hyderabd

Process Name : FX Confirmations and Settlements

Position : Senior Associate, Assistant Manager

Shifts (in IST) : US Shift

Who we are looking for

FX Confirmations and Settelment, Assistant Manager to be part of our Markets Foreign Exchange confirmations and settlements team. This team that you will be part of ensures all deals / trades are confirmed and settled in a timely manner based on market cut off.

Why this role is important to us

State Street Markets delivers innovative, value-added trading, execution, and financing services to clients across a spectrum of businesses thereby generating shareholder return. The different business in Markets involved are Foreign Exchange Sales & Trading and Research, Securities Finance and Portfolio Solutions

What you will be responsible for :

Perform FX Netting Via email or vendor platforms

Email counterparty to confirm trades

Reach out to client in case of non-receipts

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

Will have to engage and communicate daily with the below stakeholders GTCB Cash processing and investigations team

SSGM FX Trading and Middle office units

Counterparties

SSGM FX DBM Team

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. Should have knowledge of Vendor platform like GTSS, Bloomberg, FXALL and Misys

Should have knowledge of confirmation Swift for FX

Should have knowledge about different payment swifts

Have good understanding of NDF and different FX products

Ability to manage multiple tasks / priorities

Ability to work under pressure, working to deadlines and dealing with high volumes

Strong communication skills - written and verbal, with internal and external contacts

Should have good problem solving and people managing skills

What we Value : 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

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

About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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