FX Confirmations & Settlements - Assistant Vice President

Location

Secunderabad | India

Job description

Business Line : Global Markets

Work Location : Bangalore

Process Name : FX Confirmations and Settlements

Position: AVP

Shifts (in IST) : US Shift - 6:00 PM TO 3:00AM

Work from office : 4days

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion. in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State

Street's website at .

.This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

About Business Line

State Street Global Markets delivers innovative, value-added trading, execution, and financing services to clients across a spectrum of businesses thereby generating shareholder return. The different business in Global Markets involved are Foreign Exchange Sales & Trading and Research, Securities Finance and Portfolio Solutions

About Process

State Street Global Markets Foreign Exchange confirmations and settlements team ensures all deals/trades are confirmed and settled in a timely manner based on market cut off.

Key Responsibilities/Skills & Knowledge/ Qualification

• 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
  • SSGM FX Trading and Middle office units
  • Counterparties
  • SSGM 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
• Lead platform migration and implementation projects to help increase STP rate
• Participate in the analysis of the strategic implications of issues or new products and processes to identify upstream and downstream impacts on internal teams and external clients
• Provide oversight and assistance to Operations teams
• Communicate with multiple departments (Trading, Middle Office, Operations, Payments, Investigations, IT) to resolve any issues that arise and discrepancies on a time sensitive basis.
• Clearly communicate and elevate issues that impact business, or have an impact both monetary, reputational or risk related to management with immediate activation of review and tracking.
• Maintain MIS for monthly reporting to senior management
• Review, maintain and/or implement controls when applicable to reduce risk
• Responsible for SLA adherence to your onshore service receiver.
• Develop and produce regularly management information including weekly executive status reports, monthly committee reports, action logs, as required to support business unit decision making

Subject Matter Expert in :

• Foreign Exchange Static, Confirmations & Settlements and Collateral
• Transaction Reporting
• FX Trading global and local practices

About State Street Corporation:

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion. in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street's website at .

.

For more information on State Street Corporation, please visit .

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