State StreetCollateral Management - Senior Associate
State Street is hiring a Collateral Management - Senior Associate for a remote role open to applicants in India. Level rates it ; you can apply on State Street.
Level's read on this job
- Little AI ●○○○ is how Level rates this role: aI is not part of the work.
- The posting lists this role as remote.
- Tools and skills the posting cites include MS Excel, Ms Outlook and MS PowerPoint.
- Level lists 1,100+ other open roles at State Street.
- The role was posted in the last few days.
AI in this role
Manage collateral operations, process margin calls, and reconcile portfolios to reduce credit risk.
Job Description
Who we are looking for:
We are looking for a candidates 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 Senior Associate you will:
- Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
- Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
- Fails investigation - Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties
- Reporting - Generate a variety of reports, which includes client and internal
- Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
- Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Substitutions
Coupon / Maturities
Transformation initiatives
What we value:
- These skills will help you succeed in this role:
- Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
- Proficient knowledge of MS Access and VBA
- Very good command of English; effective communication, ability to write and sing off official documents
- Experience in finance and custody
- Knowledge of OTC markets/ derivatives instruments, Collateral Onboarding
- Numeracy skills; attention to details
- Accuracy and ability to work with tight deadlines
- Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
- Self-motivated and reliant, flexible
- Project Management methodologies would be an advantage
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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How we rate this
Collateral Management - Senior Associate at State Street rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- Tell me about a project where collateral management was part of your work. What did you do?
- Tell me about a project where margin call processing was part of your work. What did you do?
- Tell me about a project where reconciliation was part of your work. What did you do?
- Tell me about a project where otc markets was part of your work. What did you do?
- Walk me through how you've used MS Excel in your day-to-day work.
Adapt your resume
- List these exact terms on your resume: Collateral Management, Margin Call Processing, Reconciliation, Otc Markets, and MS Excel. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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