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Who we are looking for We are looking for an individual who has previously worked in an Operations role. The candidate will have regular interaction with internal and external customers, the front office, and senior management. A successful candidate should have a working knowledge of securities lending, borrowing, prime brokerage, trade processing, equity execution, Corp Actions, collateral management, and middle office servicing.
Enhanced Custody is an alternative to prime brokerage and is the only platform that allows clients to borrow stock and finance from a segregated custody account. State Street's Enhanced Custody solution can reduce counterparty risk, offer additional transparency and provide more control over assets. Clients can also engage in self-borrowing and self-financing from their own long positions from a custody accounts. This approach provides a more efficient and cost-effective way to manage long/short portfolios.
Why this role is important to us The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. 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 As Operations Specialist you will
The Enhanced Custody Operations desk is newly formed in Hong Kong managing a loan and borrow book over 22 North America, European and Far Eastern Markets.
A Successful candidate's duties will include:
Providing technical, market, industry expertise to minimize risk along with internal oversight and control functionality related to the sub teams within the Enhanced Custody Operations Corp Actions, Dividends, Collateral Management and Settlements.
Oversee all BAU operational process and ensure they are completed on time and accurately.
Consulting and working alongside Global Trading, Client Service desks in relations to operation processes to Enhanced Custody and its clients.
Identifies areas of potential risk and exposure and provides viable solutions to reduce and/or eliminate risk to Securities Finance, State Street and its clients.
Contribute to the business design efforts to develop the Enhanced Custody in support of the needs of the products' current and future clients and offerings.
Developing new processes and procedures for new functions and products or as the lending and trading environment changes.
Acts as a point of escalations within team and for those queries coming into the team
What we value These skills will help you succeed in this role
Strong relationship management, decision-making, problem solving, risk management, and communication skills.
Successful candidate should be enthusiastic, keen to learn and be part of a growing team.
Good communication, organization, problem solving, analytical and prioritization skills.
Education & Preferred Qualifications
Excellent knowledge of Operational teams - Corp Actions & dividends and International Settlements (in particular APAC markets), Collateral Management and dynamic margining is a requirement.
Knowledge of SunGard Global One experience preferable, but not required.
Ability to manage multiple priorities and unit workflow in a fast-paced environment.
Ability to identify areas of exposure, take necessary steps to protect Enhanced Custody, its clients and the corporation.
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. Discover more at StateStreet.com/careers