Derivatives MO - Collateral & ETD Processing - Senior Manager

Who we are looking for

This position in Collateral management / Exchange Traded Derivatives / CCP is responsible for managing and overseeing the positions / margins are in line with exchange and collateral movements are settled on time to mitigate the financial risk. This role involves settling margin movements & collateral movements and ensuring compliance with documentation and regulatory requirements. Experience in interacting with client and counterparties while working on margin call, making sure cash & securities settled on time. This position also included identifying opportunities for process improvement to enhance operational efficiency. Understanding of Cost & Budgeting is important.

Why this role is important to us

The team you will be joining will be servicing one of the largest Investment Management company in United States. We are providing end to end solution for our client from operations to technology solutions. Join us for delivering the innovative solutions through your skill sets in the financial service industry.

What you will be responsible for

As Officer you will

• Managing various derivative products / Process involves CDS, OIC, IRS etc.
• Understanding of derivatives trade lifecycle & associated functions
• Hands on experience on Variation Margin Recon and settling with brokers.
• Reconciling margin balance with brokers & settling the movements based on MTM.
• Handful experience in pricing and the understanding of the downstream / NAV impacts.
• Sound knowledge on Claims Processing.
• Ensure that all collateral margin calls are processed within agreed timeline, assist in resolving dispute calls.
• Knowledge in CSA terms & standard settlements instruction and approving in system.
• Exposure to trade & cash settlement through SWIFT messages for Cash & securities
• Communicate trade details and instructions to Custodians for settlement
• Reconciliation skill set is must. Added advantage if you have knowledge in PLM / TLM.
• Complete system testing for Change Control enhancements
• Track key project milestones to help ensure that each functional area within the team is built and ready ahead of a conversion
• Ability to communicate with clients, Coordinate with internal departments to meet client needs
• Assist with the timely investigation and resolution of data related queries, raised by both internal and external business areas.
• Maintain Open Actions / Issues logs which aid in tracking issues and providing a document to reference within checkpoint meetings with management.
• Support the 'Risk Excellence' culture within the business
• Support of preparation of Operating Models, Service Level Agreements and Key Performance Indicators
• Provide appropriate management information as required to support business unit decision making

What we value

Education & Preferred Qualifications

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.

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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