Portfolio Solutions Operations, Senior Associate

Who we are looking for :

Looking for a professional who understands the entire Broker dealer business flow starting from Trade processing, settlements and reconciliations for in-scope of equities, Fixed Income and Treasury products.

Why this role is important to us :

The team you will be joining is a part of State Street Global Markets, one of the biggest asset managers in the world, that provides services to the world's governments, institutions and financial advisors. The team has the responsibility to manage both client and brokers trade allocations, trade processing and settlements in timely manner.

What you will be responsible for :

• Management of transactions / trades between State Street and the various Brokers / Client. Ensuring all trades / trade instructions are settled / cancelled, and fix any breaks that occur between SS and Brokers.
• Understanding and Knowledge of complete Trade Life Cycle and various Market Systems (DTC / BONY / EUROCLEAR / BLOOMBERG).
• Assist in driving various firm and team initiatives including Operational Efficiencies and Controls, improving the risk and control environment and maintaining procedures.
• Monitoring various queues and remediation of short position to ensure trade instructions reach market on time
• Communicate with Trading Desk, Borrowers, Counter parties to remediate issues
• Diligently Follow and maintain SOP's
• Candidate should have good MS Excel skills.
• Coordinate settlements for institutional clients for both international equity and fixed income transaction products
• Promotes, creates and implements policies and procedures.
• Coordinate resolution of trade settlement discrepancies with counterparties.
• Manage TMPG claim resolution with executing brokers
• Manage aged fails, update status reports based on correspondence with counterparties,
• Work with trade processing / settlements to correct trade records as needed to mitigate failed trades.
• Reconcile daily activity within firm accounts
• Contributes to Operations strategy and product development for the group
• Interfaces with technology and product development to ensure future system changes / enhancements are fully tested and documented
• Very good understanding of financial market activities and transactions
• Very strong problem solving, customer service, communication, and organizational skills
• Creating and analyzing new methods to proactively identify discrepancies in data
• Serves as an expert resource on operational needs for the group
• Interfaces with traders, Compliance, Operations and other areas within SSGM to ensure efficient business flows and controls exist for the group
• Escalation point for resolution of queries from external and internal groups for your department
• Business continuity responsibility for the group - oversees offsite testing and updates to BCP plans and procedures
• Participates in internal committees or industry groups to promote operational efficiencies and enhance knowledge
• Leverages / promotes use of technology to achieve operational efficiencies, mitigate operational risks, and reduce operating costs
• Works with management to ensure favorable audit ratings.

What we value :

These skills will help you succeed in this role :

Education & Preferred Qualifications :

Technical Skills - IT and Systems

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.