Collateral Management- Senior Associate

State Street — Hyderabad, India

Job Description Who we are looking for: We are looking for a candidates with experience in Collateral Management to reduce credit risk by exchanging cash/securities with counterparties. Should have knowledge in calculations based on MTM and results in sending Margin calls. The position will contain a basic training to carry out activities by working both remotely from home and from office. Why this role is important to us: Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in India ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.. What you will be responsible for: As Senior Associate you will: Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls. Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations Fails investigation - Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties Reporting - Generate a variety of reports, which includes client and internal Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations. Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates. Substitutions Coupon / Maturities Transformation initiatives What we value: These skills will help you succeed in this role: Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage Proficient knowledge of MS Access and VBA Very good command

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