State Street

Head – Financing Solutions Operations, Global Markets India, Managing Director

Recruiter
State Street
Location
Bangalore, Hyderabad, India
Salary
Not disclosed
Posted
17 Apr 2024
Closes
30 Apr 2024
Ref
R-748742
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Job Description

Who we are looking for:

The Financing Solutions business within State Street Global Markets (SSGM) provides asset managers and asset owners with customized custodial and third-party securities lending solutions through our Agency lending program; provides securities lending and financing to a wide range of clients from alternative investment managers to mainstream asset owners and asset managers through our Enhanced Custody platform; and, provides investment managers seeking capital-efficient and stable financing facilities through a platform Alternative Financing Solutions offer.

SSGM operations support these products during the post trade execution life cycle that includes settlement, reconciliation, collateralization, billing, regulatory reporting and financial accounting & distribution. We are seeking a Head – Financing Solutions Operations, Global Markets India, Managing Director – to lead the India team that supports the GM Financing Solutions businesses.

Product Description:

Agency Lending is a trusted provider with 40+ years of agency lending experience, is one of the largest agency lending programs in the world servicing 250+ active clients in 30+ markets with over $4+ trillion in lendable assets and over $380+ billion on loan, 24/7 coverage with eight offices and five trading desks across the globe and collateral management expertise offers flexibility across a wide range of non-cash collateral options and our expertise in cash management via SSGA

Prime Services offer hedge funds, mutual funds and asset owners an alternative to traditional prime brokerage by offering unique and innovative financing arrangements from highly rated State Street Bank and Trust Company (SSBTC). The platform allows clients to borrow and finance securities within a segregated custody account, instead of using a broker dealer account. We offer a range of value-add services that differentiate us from traditional prime brokerage, including self-borrowing, memo-pledging and repledge of collateral as well as Direct Access (our managed peer-to-peer offering). Build-out of Prime Synthetics is also a key area of ongoing focus to drive International Prime Services growth.

Alternate Financing Solutions is a platform used by investment managers seeking capital-efficient, stable financing facilities. The service integrates custody and financing platforms, providing clients with a managed facility that offers oversight reporting on a real-time basis.

Why this role is important to us:

The team you will be leading plays an important role in the overall success of the organization. Across the globe, SSGM Financing Solutions operations perform functions to meet our settlement and reconciliation obligations that includes managing the post trade execution life-cycle. The role empowers our employees navigate the organization as a whole and drive outcomes to manage risk and ensure solutions are straightforward and scalable. The role will help us build resilience and execute day to day deliverables at our best. 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 India head – SSGM Financing Solutions Operations (Managing Director) - you are responsible for day-to-day oversight of 200 employees in Bangalore, Hyderabad and Mumbai. The role is responsible for designing and executing an annual Financing Solutions operations roadmap that evolves technology to drive automated, scalable processes and incorporates a business plan to accommodate growth and revenue generation. Significant consideration is applied to a risk framework to ensure controls are in place to mitigate areas of exposure.

  • Drive day-to-day operational efficiencies through standardization and continuity of process.
  • Create a performance culture by empowering employees to operate in a high-performing team that delivers tangible outcomes
  • Evolve our technology road map to operate to scale and supports growth with automation rather than exception processing.
  • Partner with business heads to understand revenue opportunities so we support them with optimal operating models.
  • Work across State Street corporate partners and COEs to ensure we escalate and resolve issues proactively.
  • Understand the evolving regulatory environment to ensure processes are in place to capture and support change
  • Oversee performance and risk indicators with productive reporting and metrics
  • Review, maintain and/or implement controls when applicable to reduce risk.
  • Support the ‘Risk Excellence’ culture within the business.

Education & Preferred Qualifications

  • 15+ years’ experience in capital markets – risk, operations or finance background preferred.
  • Deep understanding of Financial Markets and operational processes
  • Demonstrated record of managing risk within operational environments
  • A Change Management mindset and proven record of leading large scale initiatives
  • Understanding of Custody, Fund Accounting, and Transfer Agency roles in the delivery of data for the hedging process desired.
  • Master's in finance, MBA, or CFA strongly preferred.

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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