Job Description :
We are looking for a candidate with experience in collateral management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.
The ideal candidate is a problem solver that thrives on daily & monthly deadlines, who excels a project work, problem solving, and maintaining strong relationships with our clients. A background in collateral management is preferred and an in-depth understanding of State Street’s middle office systems such as GTM, RKS, CMW, and Colline would be ideal.
Why this role is important to us:
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
AsCollateral Management - Associate 2you will :
- Margin call processing- Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
- Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
- Fails Investigation – Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties
- Reporting - Generate a variety of reports, which includes client and internal
- Portfolio reconciliation – Completing any daily or ad hoc manual portfolio reconciliation
- Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
- Substitutions
- Coupon/Maturities
- Validates and reviews all daily activity while maintaining all required controls
- Supports the review and validation of collateral data as needed; anticipates and resolves impactful events to the client
- Serve as a single point of contact providing inquiry and operational support to our internal and external clients.
- Onboarding and set up for new business and existing.
- Works independently and with the team to establish firm and well-tested controls and procedures
- Transformation initiatives what we vale: These skills will help you succeed in this role
- Proficient Knowledge of MS Excel, Outlook, Power Point and Word will be an advantage
- Very good command of English, effective communication, ability to write and sing off official documents
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