Portfolio Solutions Operations - Manager

Who we are looking for :

Looking for Trade Processing professional who understands the entire flow of Trade Cycle process to ensure that trades are settled timely as per the terms and conditions agreed upon with our customers for in-scope of equity and fixed income products.

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.

Our portfolio solutions optimize pre- and post-trade processes, so investors can unlock efficiencies across the entire trade lifecycle. We offer customizable trading services in low-touch, modular or full-service options to meet any need while helping our clients reach peak performance. Select if Research and Insights : To deliver strong performance in today's markets, institutional investors need an edge. Research that provides high-value insights before the markets shift. Distinctively focused data and insights that help reinvent models, shift perception and convert fresh ideas into actionable opportunities. At State Street Markets, we've designed an award-winning platform of topical research and insights that accelerate investors' competitive edge, helping to achieve performance goals, make better-informed decisions and seize market opportunities as they emerge.

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 :

• 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

BONY

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 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 .

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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