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Who we are looking for
We are looking to hire a Senior Associate to be part of our State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements desk, ensuring all trades are matched and instructed within market guidelines. He/She will be expected to engage and communicate daily with:
- SSGM FX Trading, Onboarding, Static, & Middle Office units.
- Counterparties, GTCB Cash Processing and Investigations teams
Process : State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements
Position : Senior Associate
Shifts (in IST) : US Shift - 7PM to 4AM IST
Location : Bangalore, Mumbai & Hyderabad
Why this role is important to us
The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.
With our FX solutions, investors can access a wide range of markets and jurisdictions using our decision-making and strategy planning tools, diverse funding options and trading strategies. We deliver sophisticated avenues to tap into new sources of liquidity, capitalize on market opportunity and transact efficiently in any market environment. We have a range of solutions from various high- to low-touch principal execution methods, and outsourced agency hedging and execution solutions through our currency management offering.
What you will be responsible for
- Perform FX Netting Via email or vendor platforms
- Email counterparty to confirm trades
- Reach out to client in case of non-receipts
- Ensure that the focuses on client needs first and drive all efforts to provide exceptional service
- Review and/ or Implement controls when applicable to reduce risk
- Will have to engage and communicate daily with the below stakeholders
- GTCB Cash processing and investigations team
- SSM FX Trading and Middle office units, Counterparties & SSM FX DBM Team
- 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. Should have knowledge of Vendor platform like GTSS, Bloomberg, FXALL and Misys
- Should have knowledge of confirmation Swift for FX
- Should have knowledge about different payment swifts
- Have good understanding of NDF and different FX products
- Ability to manage multiple tasks / priorities
- Ability to work under pressure, working to deadlines and dealing with high volumes
- Strong communication skills – written and verbal, with internal and external contacts
- Should have good problem solving and people managing skills
What we value
These skills will help you succeed in this role
- Customer focus, Demonstrates good team working skills, Ability to think creatively, solve problems and identify opportunities to improve existing processes and controls.
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
