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Senior Associate – Front Office Collateral Services-1

State Street

State Street is a leading provider of financial services to institutional investors around the world.

Collateral Services

Purpose Of Role:

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 GIC team ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.

Specific Duties:

  • 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 (MCH) and initiating correspondence with the client
  • Reporting – Generate a variety of reports, which includes client and internal reporting from an access database and Protocol.
  • 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.

To apply for the job click here

Senior Associate  – Front Office Collateral Services-1

To apply for the job click here

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State Street

State Street is a leading provider of financial services to institutional investors around the world.

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