Who we are looking for

We are looking for a candidate to join our Collateral Management team in Quincy, the candidate must exhibit an understanding of Collateral Management Operations specific to Bilateral OTC, Repo and two way Reg Initial Margin Calls issuance and dispute resolution.

Why this role is important to us
The Collateral Management team that the candidate will be joining is a part of Global Delivery (GD) Alpha Operations which is a fast growing business across the globe. We are a leading provider of Collateral Services to a wide range of clients and operationally support from three different regions, NA, EMEA and APAC.

What you will be responsible for

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

Serve as a single point of contact providing inquiry and operational support to our internal and external clients.
Reporting - Generate a variety of reports, which includes client and internal
Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Works independently and with the team to establish firm and well-tested controls and procedures
Implements and supports client-specific service requirements; understands the client's operational process and enhances the service accordingly
Supports the review and validation of collateral data as needed; anticipates and resolves impactful events to the client
Validates and reviews all daily activity while maintaining all required controls
Interprets client needs and works to meet those needs offering assistance and advice on standard practical issues and non-standard tasks or queries

What we value

Knowledge of OTC markets/ derivatives instruments
Familiarity with Hedge Fund products, structures and financial instruments
Experience in finance and custody
Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
Effective communication
Numeracy skills; attention to details
Accuracy and ability to work with tight deadlines

Risk excellence mindset

Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be

Self-motivated and reliant, flexible

Education & Preferred Qualifications
Bachelor's degree is required
Relevant years of work experience with direct experience in Collateral Management

Additional requirements

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.

Discover more at StateStreet.com/careers

Salary Range:
$41,600 - $60,320 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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