Emerging Lead - Custody Operations

State Street.
Bangalore, India
Not disclosed
23 May 2022
26 May 2022
Contract type
Full time
Experience level
Qualified accountant

AIS Custody Services Operations

Job title: AIS Custody Services, Emerging Lead

Reports to: Officer

Position description

  • To supervise the Custody process in accordance with internal controls and procedures. Minimum 1 + years in core Custody operations (preferably trade settlement/trade processing). Provide support during US market hours, should be comfortable with Night Shift.

Main responsibilities:

  • Good understanding about end to end of the Trade Life Cycle and intermediaries involved.
  • Book trades accurately and in a timely manner. Communicates fail trade information as directed. Reconcile outstanding items.
  • Eye for detail and good in reviewing instructions, should be able to accurately and timely review the trades.
  • Knowledge about trade elements such as Security identification, transaction type, counterparty and other trade matching parameters.
  • Supervise the research and resolution of exceptions and inquiries related trade processing & Trade Settlement.
  • As it’s a client facing role the candidate Should have the ability to communicate clearly with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required
  • Understanding about SWIFT messages and different message type, different tags and their importance.
  • Knowledge about clearing houses and depositories.
  • Experience in handling in client queries related to trade processing & trade settlement.
  • Should be able to coordinate well with the onshore for trainings and other job responsibilities.
  • Managing day to day volume and delivering tasks as per the SLA
  • Provide timely accurate management reporting and issue log maintenance, under moderate supervision
  • Coordinate and supervise work efforts when multiple Associates are needed to complete work
  • Participate in projects as well as prepare and verify information for those various projects/special requests as directed
  • Oversee the adherence to Standard Operating Procedures
  • Coordinate effective and timely flow of critical information to all relevant parties and follows up on administrative details within the department
  • Knowledge about different types of trade such as RVP, DVP, RFP, DFP, etc.
  • Basic knowledge about DTC, FED, Euro Clear and Clear Stream would require for this role
  • Knowledge about calculation of gain/loss of a trade (cost basis)
  • Understanding about processing deal slip
  • Knowledge about trade settlement and reasons for failure of trade
  • Should be able to work under stringent deadline situations
  • Mailbox management and to ensure all actionable completed within the deadline
  • Work in conjunction with individuals on the team, other shared services/COEs, India and Onshore to ensure seamless processing of custody related processing.
  • Process trade settlement information within deadlines and comply with all FTTOP requirements
  • Process collateral/assets segregated as instructed
  • Maintain records in support of audits
  • Consults with manager where clarification or exception to policy may be required
  • Other duties as assigned.

Academy and experience required:

  • Bachelor’s degree with a preferred concentration in Accounting/Finance or relevant work experience
  • Working knowledge of Excel and other Microsoft Office applications
  • Highly self-driven sense of motivation
  • Naturally curious, passionate and Strong analytical Skills
  • Strong accuracy aptitude and detail orientation
  • Strong verbal, written and interpersonal communication skills

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

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