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Operations Core Operations, Assc2

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State Street

Sep 12

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Mumbai
  • Quick Apply

AI generated summary

  • You should have 3-5 years in collateral management, strong reconciliation skills, knowledge of derivatives, and excellent communication. Financial certifications and multitasking abilities are essential.
  • You will process collateral margin calls, settle payments accurately, ensure ISDA/CSA compliance, reconcile margin balances, handle client queries, and manage trade and cash settlements efficiently.

Requirements

  • - Ensure that all collateral margin calls are processed within agreed timeline, assist in resolving dispute calls.
  • - Ensure that all collateral payment/receipt, cash flow are settled accurately & on timely manner.
  • - Ensure all ISDA/CSA are in place for all new Counterparties & updated in collateral system.
  • - Understanding CSA terms & standard settlements instruction and approving in system.
  • - Understanding of Various SWIFT messages for Cash & securities.
  • - Reconciling margin balance with brokers & settling the movements based on MTM.
  • - Handle queries and requests from internal & external clients in a timely and accurate manner.
  • - Exposure to trade & cash settlement.
  • - Excellent communication skills both written & verbal.
  • - Ability to communicate with clients (Both Internal & External).
  • - Ability to multitask.
  • - Strong critical thinking, problem solving, and decision making skills.
  • - Understand derivatives trade lifecycle & associated functions.
  • - Understand the way collateral management functions.
  • - Knowledge in various derivative products like CDS, OIC, IRS etc.
  • - Reconciliation skill set is must.
  • - Added advantage if you have knowledge in PLM / TLM.
  • - Graduation & Post graduation.
  • - 3-5 years of relevant experience.
  • - Financial markets certifications.

Responsibilities

  • Ensure that all collateral margin calls are processed within agreed timeline, assist in resolving dispute calls.
  • Ensure that all collateral payment/receipt, cash flow are settled accurately & on timely manner.
  • Ensure all ISDA/CSA are in place for all new Counterparties & updated in collateral system.
  • Understanding CSA terms & standard settlements instruction and approving in system.
  • Understanding of Various SWIFT messages for Cash & securities
  • Reconciling margin balance with brokers & settling the movements based on MTM.
  • Handle queries and requests from internal & external clients in a timely and accurate manner.
  • Exposure to trade & cash settlement
  • Excellent communication skills both written & verbal.
  • Ability to communicate with clients (Both Internal & External)
  • Ability to multitask.

FAQs

What is the primary responsibility of the Operations Core Operations, Associate II role?

The primary responsibility of this role is to manage and oversee collateral and margin movements in accordance with exchange requirements, ensuring timely settlements to mitigate financial risk.

What qualifications are required for this position?

The preferred qualifications include a graduation and post-graduation degree, 3-5 years of relevant experience, and financial markets certifications.

What skills are valued in this role?

Valued skills include strong critical thinking, problem-solving, decision-making abilities, an understanding of the derivatives trade lifecycle, knowledge of collateral management functions, and reconciliation skills.

Is prior experience in derivatives or collateral management necessary?

While not explicitly required, experience and knowledge in various derivative products such as CDS, OIC, and IRS, as well as collateral management, are preferred.

Will I have direct interaction with clients?

Yes, this role involves handling queries and requests from both internal and external clients in a timely and accurate manner.

What tools or systems will I need to be familiar with?

Familiarity with ISDA/CSA agreements, collateral systems, and SWIFT messaging for cash and securities is required.

Are there opportunities for professional development in this position?

Yes, State Street offers a wealth of development programs and educational support to help employees reach their full potential.

What type of work environment does State Street offer?

State Street aims to create a great work environment with competitive benefits packages and flexible work programs to accommodate employee needs.

Does State Street emphasize inclusion and diversity in the workplace?

Yes, State Street values diversity and aims to create an inclusive environment where employees from all backgrounds can thrive.

Is this position available for remote work?

Yes, the position supports remote work but is in a hybrid format.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.