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State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management, market research and trading. With $28.4 trillion in assets under custody and administration and $2.48 trillion in assets under management State Street operates in 29 countries and more than 100 geographic markets and employs over 29,000 worldwide promoting a culture of excellence.
Team Overview Investment Management Service (IMS) Transaction Management team services all aspects of trade confirmation and settlement instruction creation process across Asset Managers portfolios worldwide. Products include equities, fixed income, cash, foreign exchange, unitized funds and securitized derivatives of the same. IMS Transaction Management team is centric for Asset managers, traders, brokers and other counterparty's relationships. The Transaction Management Manager is a key position within State Street Bank, taking responsibility for the provision of a premier service standard to the State Street IMS client base.
Specific Job Responsibilities:
Maintain operations of Transaction Management unit performing middle office functions (trade confirmation) for multiple Asset Mangers across fixed income, equity, unit trusts, money market, FX and cash instruments.
Act as senior escalation point and subject matter expert for middle office related themes (claims and failed trade management, emerging market deals, free of payment/bespoke transactions), represent Transaction Management on forums where senior presence is required.
Maintain rapport with Senior Management officials externally/internally through escalation protocols/ client relationship function
Manage direct risk factors (operational and financial) through claims management, investigation and ownership over remediation strategies
Support global, both external and internal onboarding process by achieving operational readiness, reducing post-migration STP fallouts, supporting resources estimation
Play key part in performance governance through KPI/KRI management, client relationship management (Service Level reviews)
Drive implementation of industry or regulatory imposed changes
Endorse automation projects aligned with STP targets & market trends
Represent the TM function in both external and all internal project discussion and workshops
Support the client PMO as TM representative in all administrative duties within the functional workstream
Work with the TM BAU Operations teams to ensure that they understand the Future State Operating Model and that all workflows and procedures are documented
Support other TM Onboarding activities as required
Qualifications and Required Skills:
Strong understanding of financial markets; familiarity with custodian cut offs for various financial products and settlement methodologies
Understand global markets tendencies and enforced regulations i.e. T2S, MIFIID 2
Understand settlement methodologies across various products (Fixed Income, Equity, FX etc)
Industry utility experience preferred - Omgeo CTM, ALERT, GTSS, SWIFT
Knowledge and understanding of financial products and markets requirements
Excellent understanding of settlement associated risks
Academic background, preferred degree in economics, finance, science or engineering
Advanced PC skills including MS Office applications (MS Excel mostly)
Fluent English - strong verbal and written communication skills
Multitasking skills, strong analytical and prioritization skills, experience in deadline driven environment
Employee savings plan
Premium life insurance package
VIP medical package
Social benefits (Multisport card, cinema tickets, money transfer)
Soft skills trainings
Technical or leadership career pathway
Internal Number: 6298071
About State Street
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