Collateral Management - Officer

Overview

Collateral Management Officer role in State Street's Bangalore team, reducing credit risk by exchanging eligible cash or securities between counterparties and ensuring exposures are fully collateralized and agreed collateral transactions settle as agreed.

What you'll do

• Process daily margin calls for all agreed clients, including banks and fund clients, for both cash and security margin calls.
• Reconcile collateral balances, investigate and solve discrepancies, and act as the main point of contact and escalation.
• Investigate fails by checking cash non-receipt reports and the custody settlement system (MCH), and initiate correspondence with the client.
• Generate client and internal reports from an access database and Protocol.
• Complete daily or ad hoc manual portfolio reconciliations.
• Generate month-end interest statements, settle interest, update interest agreements, and update and validate interest rates.
• Ensure the team meets accuracy and timeliness criteria.
• Develop and implement new workflow approaches, methods and system enhancements.
• Collaborate with internal and external groups to identify, analyze and proactively resolve issues.
• Be the key point of contact for internal and external clients in an agile manner.
• Provide inputs on hiring, discipline, control of work and termination for direct reports and the broader team as needed.
• Provide inputs on promotion, salary and bonus for direct reports and the broader team as needed.
• Provide coaching and development opportunities to staff and manage performance priorities and development plans.
• Ensure SOPs, job aides and regulations are met and escalate as needed.
• Understand how onboarding impacts operations deliverables and plan to create an error-free environment.
• Identify all risk issues, breaches and suspicious transactions and act in accordance with the risk escalation chain and operating procedures.
• Execute risk framework and escalation chain changes.
• Ensure all key controls are identified, implemented and adhered to.
• Perform related duties as assigned (projects in India and globally).
• Provide back-up and coverage across the EMEA/NA shift as required.

What you'll need

• Deep experience in Collateral Management.
• Experience on the Colline platform.
• Communicates effectively and accurately in English, with experience facing clients.
• Strong leadership, management and organizational skills.
• Ability to work under pressure and to tight deadlines.
• Ability to work on own initiative and be proactive.
• Graduate and above, preferably in Finance; B.Com, BBM/BBA, MBA (Finance), M.Com or any degree related to Finance or Commerce.
• Knowledge of Macros, SQL and MS Access database queries.

Nice to have

• Knowledge of end-to-end functions including onboarding activities.
• Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and of Collateral Management.
• Self-motivated, flexible and personable.

Details

• Location: Bangalore, India.
• Shift back-up and coverage across EMEA/NA shift as required.