Securities Finance - Officer

State Street.
Bangalore, India
Not disclosed
17 Jan 2022
01 Feb 2022
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for:

This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, Returns & Fails management.

The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams

The major responsibilities will be:

Returns booking and exception monitoring the settlement of market loan and return transactions, as well as, ensuring that collateral is appropriately managed daily. This also includes the following:

  1. Return and email management
  2. Collateral Management
  3. Repricing
  4. Cash and Non-Cash specific processing
  5. Fails processing & Management

Support Daily activities include loan and loan return processing, mark to market reconciliations, executing cash movements, monitoring and resolving failing returns and process exceptions throughout the day. Inclusive of posting transactions and/or providing direction and oversight

Support daily collateral margin process, coordinating instructions to deliver/receive collateral with brokers and reconciles daily net cash movements for Fed and DTC transactions.

Confirms end of day re-pricing and money movements with brokers and reconciles net cash collateral activity in a timely manner.

Ensure daily EOD balancing, ensuring market activity is correctly reflected in the firm’s books and records (DML). Providing review and sign-of as needed

Assist in driving various firm and team initiatives including Operational Efficiencies and Controls, improving the management of risk and ensuring procedures are maintained

Establish and monitor an effective oversight framework ensuring that work is completed ‘on-time’ or issues are identified & escalated in a timely fashion.

Develop effective working relationships with all staff – both junior and senior.

Demonstrate ‘Risk Excellence’ culture in your behaviour and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.

Establish and nurture a culture of individual and collective ownership at the ‘captive’ giving all staff a clear sense of both responsibility and accountability.

Ensure that all staff adheres to the expected SSGM Code of Conduct.

Why this role is important to us:

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for:

Performs several or all the following duties based on assigned desk (domestic, international) and/or product(s):

  • Oversight & Processes high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitors and resolves pending and failing aged Returns.
  • Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any
  • Executes instructions to receive or deliver securities from counterparties.
  • Confirms end of day re-pricing and money movements with counterparts.
  • Reviews contract compare records, DDA’s to validate positions with each counterparty.
  • Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.
  • Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.
  • Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed

What we value:

These skills will help you succeed in this role:

  • Strong knowledge of Agency/Principle Security lending business, Capital markets and Equities
  • Strong communication, interpersonal, organizational, and time management skills
  • Successor planning and delegation
  • Deadline and detail oriented
  • Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
  • Should be flexible to work in EMEA/US shift hours

Shift Timing:

Must be flexible

Work Location:


Education & Preferred Qualifications:

  • University degree in Business majoring in Accounting, Finance, or other Financial-related programs
  • Overall experience of minimum 1+ years in Trade Settlements, Mark to Market and Collateral Management (NA/EMEA markets) process.
  • Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must.
  • Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory.

Secondary Skills (Good to Have)

  • Exposure to Equilend, MCH, and DTC applications

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.

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