The Securities Finance International Enhanced Custody Operations team is responsible for the settlements for our clients.
Processes high volume of loans, borrows, loan returns, borrow returns and mark to markets daily adhering to established procedures and controls;
Executes cash movements daily;
Monitors and resolves pending and failing transactions.
Interfaces with traders, fund group(s) and counterparts;
Obtains information from corporate actions and/or sell desk on trade restrictions and relays relevant information to traders and brokers.
Executes instructions to receive or deliver securities from counterparties.
Confirms end of day re-pricing and money movements with counterparts.
Providing technical, market and industry expertise related to Settlement Management to minimize risk
Developing new processes and procedures for new functions and products as the lending/trading environment changes.
Identifying and managing the risks associated to settlements.
Managing Settlements team to ensure swift issue resolution and escalation
Ensure team is accurately and efficiently carrying out daily tasks
Work with stakeholders to solve complex issues
Actively commit to developing yourself and team members
Complete and deliver performance reviews
Support the team to collectively identify risk
Actively participate in team meetings
Share expertise and apply knowledge to improve processes within the team
Ensure staff have a clear understanding of the risks inherent in the processes they influence
Ensure team reports and escalates operation incidents in a timely manner
Provide coaching and development opportunities to staff
Balance supervisory tasks with daily processing activities
Bachelor's degree in business, finance or related field
At least 3 years prior Financial Industry experience
Experience of a high volume SF Operations environment
Ability to adhere to procedural controls effectively to minimize losses
Take responsibility for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Excellent knowledge of global settlement management is a requirement
Knowledge of SunGard Global One experience preferable, but not required
Ability to manage multiple priorities and unit workflow in a fast-paced environment
Ability to identify areas of risk and exposure, take necessary steps to protect Enhanced Custody, its clients and the corporation
Strong relationship management, decision-making, problem solving, leadership, risk management, communication and project management skills
Successful candidate should be enthusiastic, keen to learn and be part of a growing team
Good communication, organization, problem solving, analytical and prioritization skills
Knowledge of securities finance; specifically in the International markets.
Understanding of internal systems, such as IRIS and Global One.
Strong relationships with International brokers and lenders.
Internal Number: 6540688
About State Street
eFinancialCareers is a career site specializing in financial services.