Loans Returns & Settlements ,Associate 2

Overview

Associate role in State Street Global Markets handling loan and return settlements, collateral management, and fails management for securities lending and borrowing business across equities and fixed income.

What you'll do

• Process high volume of international loans, recall returns, Equilend and Non-Equilend broker returns daily, adhering to established procedures and controls; monitor and resolve pending and failing aged returns.
• Interact with traders, client management, fund groups and counterparts regarding discrepancies.
• Execute instructions to receive or deliver securities from counterparties.
• Confirm end-of-day re-pricing and money movements with counterparts.
• Review contract compare records and DDA's to validate positions with each counterparty.
• Assist the business area with inquiries pertaining to transactional activity; coordinate responses with traders, corporate actions staff and other internal teams.
• Ensure timely resolution of counterparty issues including pricing problems and quantities of loans and borrows, keeping management informed of potential issues.
• Identify and analyze operations risks related to current and potential business and recommend procedural changes or improvements as needed.
• Perform several or all of these duties based on assigned desk (domestic, international) and/or product(s).

What you'll need

• Strong knowledge of agency/principal security lending business, capital markets and equities.
• Strong communication, interpersonal, organizational and time management skills.
• Deadline and detail oriented.
• Demonstrated computer proficiency, including advanced knowledge of MS Excel, plus problem solving and analytical skills.
• Flexibility to work in US/UK shifts (depending on requirement).
• University degree in business majoring in accounting, finance, or other financial-related programs.
• Overall experience in trade settlements, mark to market and collateral management (NA/EMEA markets) process.
• Investment banking, agency/principal lending, custodial services and financial markets knowledge is a must.
• 1 to 3 years of work experience.

Nice to have

• Certifications such as NSE Certification in Financial Markets (NCFM) or NSE Certified Capital Market Professional (NCCMP), not mandatory.
• Exposure to Equilend, PIRUM, MCH and DTC applications.

Details

• Work location: Hyderabad.
• Shift timing: 6:00 PM – 3:00 AM IST / 2:00 PM – 11:00 PM (rotational).