Core Operations, AVP

State Street
Edinburgh, Scotland
Not disclosed
04 Jul 2022
05 Jul 2022
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

State Street Global Transactions, Controls and Banking – Liquidity Management team have an exciting opportunity for you to lead a team of professionals responsible for the timely and accurate funding of our custody business in the EMEA region as well as forecasting the Bank’s currency positions for Treasury traders with a view to maximizing net interest revenue.

We are looking for someone with a strong understanding of cash management, global payments infrastructure as well as the various modernization initiatives across markets and financial market utilities. Role involves working closely with Global Treasury, our sub-custody network, internal teams and the wider Global Transactions, Controls & Banking group. The role is based in our Edinburgh office but can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

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

What you will be responsible for

As Liquidity Management Team Manager you will

  • Oversee the forecasting of expected nostro related cash activity
  • Monitor direct clearing activity in line with critical market deadlines.
  • Oversee the funding of self-custody markets and sub custody secondary nostros in line with critical market deadlines.
  • Identify potential liquidity risk as it arises and work swiftly and decisively to mitigate.
  • Determine and execute appropriate action in time critical situations.
  • Liaise with Global Treasury, FMUs, agent banks, network management as appropriate to resolve issues intra-day.
  • Determine escalation and reporting as appropriate to senior management, Global Treasury, Credit Risk etc.
  • Participate in market working groups, tasks forces and projects as assigned.
  • Ensure staff have clear lines of reporting, authority levels, objectives and progress is reviewed regularly in line with Company policy.
  • Develop effective working relationships with staff and ensure that staff are motivated, developed and supported.
  • Establish and monitor systems of control, limits of delegation and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively
  • Support a culture of effective challenge to ensure appropriate governance

What we value

These skills will help you succeed in this role

  • Proven ability to adhere to strict deadlines and cut-offs
  • Proven ability to handle multiple deadlines and competing priorities
  • Proven ability to work well under pressure
  • Proven decision making ability
  • Ability to work accurately and with attention to detail
  • Ability to lead a team performing high risk functions

Education & preferred qualifications

  • 5+ years working within a Banking Environment
  • Knowledge of European and World markets
  • Knowledge of a variety of cash management and banking concepts
  • Experience of nostro forecasting or funding
  • Experience of European Settlements a significant advantage

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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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