State Street Markets Recon Operations, Associate 2

Overview

Associate 2 role in State Street Markets reconciliation operations, covering equities, fixed income, securities lending and borrowing, and collateral management reconciliation within State Street Global Markets.

What you'll do

• Perform daily reconciliation of securities transactions, cash, positions, and stock lending/borrowing activities, based on assigned desk (domestic, international) and/or products.
• Investigate trade breaks and discrepancies between internal ledgers and external counterparties.
• Assign breaks to the corresponding team to resolve them in a timely manner.
• Liaise with trading desks, operations teams, and external parties to resolve reconciliation issues.
• Review contract compare records and DDAs to validate position and cash breaks with multiple internal teams and external counterparties.
• Assist the business area with inquiries pertaining to transactional activity; coordinate responses with counterparties, traders, corporate actions teams, and other internal teams.
• Ensure timely resolution of counterparty issues, including all break types (rate, fee, quantity, orphan, etc.), while keeping management informed of potential issues.
• Utilize reconciliation tools (e.g., DUCO, Equilend, Pirum, etc.) to automate and improve processes.
• Identify and analyze operations risks related to current and potential business and recommend procedural changes or improvements as needed.

What you'll need

• University degree in Business majoring in Accounting, Finance, or other financial-related programs.
• Overall experience of 1+ years in trade settlements, reconciliation, mark to market, and collateral management (NA/EMEA markets) process and reconciliation process.
• Investment Banking, Agency/Principal Lending, Custodial Services, and Financial Markets knowledge is a must.
• 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.

Nice to have

• Certifications such as NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP), etc.
• Exposure to Equilend, MCH, and DTC applications.

Details

• Work location: Bangalore, India.
• Shift timing: 6:00 PM - 3:00 AM IST, flexible to work the US (6:30 PM - 3:30 AM IST) shift.