Prime Services, Senior Associate

Who we are looking for :

Looking for Investment Banking professional who understand Agency / Principle lending business with working experience in Collateral Management, Mark to Market and Trade settlements process.

Why this role is important to us :

The team you will be joining is a part of MFO (Markets and Financing Operations) which provides Agency and principal lending services to the biggest asset managers in the world (governments, institutions and financial advisors). Our array of offerings includes Custodial, Security financing (Lending / Borrowing) and post settlement services.

Join us if making your mark in the asset management industry from day one is a challenge you are up for.

What you will be responsible for :

As Prime Services, Senior Associate you will,

• Performs several or all of the following duties based on assigned desk (domestic, international) and / or product(s) :
• Processes high volume of international loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls; executes cash movements daily; monitors and resolves pending and failing transactions.
• Interacts with traders, client management, fund group(s) and counterparts regarding international trade settlements and cash movements
• Executes instructions to receive or deliver securities from counterparties.
• Confirms end of day re-pricing and money movements with counterparts.
• Reviews contract compare records to validate positions with each counterparty.
• Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.
• Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.
• Identifies and analyzes operations risks related to current and potential business and recommends procedural changes / improvements as needed
• Runs and logs critical reports to the balance sheet and provides relevant parties with appropriate report statistics.
• Completes special projects as assigned; provides assistance to operational process improvement efforts

What we value :

These skills will help you succeed in this role :

Shit Timing :

Should be flexible to work in US - 06 : 00 PM / 6 : 30 PM - 03 : 00 / 04 : 00AM IST

Work Location : Bangalore

Work Experience : 3-6 Years

Education & Preferred Qualifications :

Secondary Skills (Good to Have)

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.