Who we are looking for
Looking for professional who have good understanding about the Stock Lending, Investment banking, Cash management and Broker Billing process.
Why this role is important to us
The team you will be joining is a part of State Street Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business unit. As our investment research and trading arm, SSM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As FS Agency Lending - Financial Accounting & Distributions Team Lead, you will:
•The SF FAD Billing and Earnings Senior Associate will be responsible for distributing Client and Agent Securities Lending Earnings for all regions and currencies globally.
•Calculate and distribute Client and Bank Earnings to meet the monthly deadline.
•Ensure that work is completed 'on-time' and accurately. All issues are identified & escalated in a timely fashion.
•Assists the JV offshore team for complex and aged billing issues.
•Manages the collection of offline payments coordinated between trading and borrowers.
•Performs Earning DDAs daily reconciliation.
•Prepares monthly Cash final data to ensure Bank/Client earning, co-agent fee, management fee are accounted accurately.
•During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
•Participates on projects or committees within the department and/or with BU Shared Services, and Client Operations teams.
What we value
These skills will help you succeed in this role:
•At least 5 years prior Financial Industry experience - of which, at least 4 year are in Global Markets within Earning and Billing management, Stock-loan or Stock-lending positions.
•An ability to understand complicated workflow and reconciliation controls impacting up to 4 system or reporting platforms.
•An ability to manage exceptions and remediate/escalate such items at point of discovery.
•Experience in a high volume Operations environment.
•Proficient in Microsoft Office Applications (Excel, Access, Word and Power Point)
•Strong client service, analytical, problem solving and communication skills
•A broad understanding of Fund Accounting, Billings and CASH management functions.
Shift Timing: Login should be between 5.30PM to 9.00PM IST.
Work Location: Bangalore
Education & Preferred Qualifications
•University degree in Business majoring in Accounting, Finance, or other Financial-related programs
•Overall experience of years in Cash management, Broker billings or related work.
•Stock lending experience is a must. (Pre or post-trade Settlement)
Secondary Skills (Good to Have)
•Good hands on experience in Excel formulas (VLOOKUP and other basic formulas)
About State Street
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. 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.
