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Who we are looking for A person who p erform the daily Collateral Management and Cash processes in accordance with internal controls and procedures.
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 As Middle Office Specialist you will
Calculate all collateral movements required in accordance with the terms specified in the ISDA, PSA and ISMA agreements, as received by IFS.
As authorized, direct and monitor cash and collateral payments for trade settlements.
Ensure client issues are highlighted and escalated when necessary.
Train Associates in the daily processes.
Be sscalation point for queries.
Perform the collateral and cash work flows on allocated clients
Ensure all daily counterparty statements are received and reviewed by the Team
Interact on a daily basis with external parties i.e. clients and ISDA counterparts
Identify trade, Independent Amount (IA) and collateral balance breaks with counterparties
Ensure all agreed collateral moves are completed, with the appropriate systems updated as record
Perform daily review for cash & collateral tasks
Ensure Detailed Checklist is complete
During the course of normal day to day activities, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
What we value These skills will help you succeed in this role
Good understanding of currency settlement and other applicable deadlines
Understand the process flow from trade inception to close out
Strong verbal and written communication skills
Strong analytical skills
Ability to perform effectively within strict client deadlines
Education & Preferred Qualifications
Degree in Accounting or Finance or Business related area
Very good English
In depth knowledge of some OTC product types, collateral, cash and treasury related requirements
Knowledge of processing functions: Cash moves (SWIFT)
Employee savings plan
Premium life insurance package
VIP medical package
International operating environment
Soft skills trainings
Development sessions with a mentor
Diversity of opportunities across a range of challenging and highly complex activities
Technical or leadership career pathway
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. Discover more at StateStreet.com/careers