Corporate Actions, Associate 1

Who we are looking for:

We are looking for a candidate with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office.

Why this role is important to us:

Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.

What you will be responsible for:

As Associate you will:

• Complete all assigned tasks accurately and in a timely manner
• Answer margin calls and queries from different departments
• Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
• Review and document process flows/procedures and contribute in new improvement ideas to further streamline the operational process
• Get involved in departmental ad-hoc projects
• Ability to take ownership and initiative
• Preferred 1-2 years of experience in financial or business services
• Get involved in the training and development of other team members
• Prepare and review monthly internal and external statistics
• Support on-boarding of new processes, clients etc.
• Support manager; prepare and plan workload
• Reply timely and with professional manner to queries via different communication channels
• Coordinate escalations, make sure no queries and tasks as unanswered

What we value: 

These skills will help you succeed in this role:

• Numeracy skills; attention to details
• Accuracy and ability to work with tight deadlines
• Very good knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
• Understanding of financial markets basics
• Good command of English; effective communication
• Ability to collaborate and teamwork; organizational skills
• Experience in finance or other related area
• Knowledge of OTC markets/ derivatives instruments/ custody or VBA would be an advantage
• Self-motivated and enthusiastic, flexible

Education & Preferred Qualifications:

• Graduate and above preferably in Finance
• B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce

Additional requirements:

• Certification on NCFM / CISI (Chartered Institute for Securities & Investment)

• Knowledge on Macros, SQL & MS Access Database queries

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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