Securities Lending - Collateral & Settlements Senior Manager

This job is with State Street, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Who we are looking for
An experienced operation manager for the SSGM India COO organization with a proven record of managing processes and large teams in the area of securities lending, mark to market, SBL, Corporate actions, Settlements of FI or Equity and Collateral management.
Why this role is important to us
The team you will be joining is a part of State Street Global Markets India COO (SSGM) which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6. State Street is one of the largest agents lenders in the world, with over 40 years of experience and more than 250clients across multiple global markets.

Our depth of lendable assets and strong market position provides more trading opportunities When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. 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 Securities Lending - Collateral & Settlements - Senior Manager, you will
Position Responsibilities
Processes high volume of international loans, Recall returns, Equilend & Non-Equilend Broker Returns daily adhering to established procedures and controls; monitors and resolves pending and failing aged Returns. Contract Compare, Billing, etc

Interacts with traders, client management, fund group(s) and counterparts regarding discrepancies if any

Executes instructions to receive or deliver securities from counter parties.

Ensure that your team meets the agreed SLA, KPI and KRI and evidence of the same documented every day.

Reviews contract compare records, DDA's to validate positions with each counter party.

Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams.

Ensure timely resolution of counter party issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues.

Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed

Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any  potential process risk to the managers

Demonstrates effective risk management skills - capture and communicate probability and impact to key stakeholders, ensure appropriate mitigation strategies are agreed.

The Manager is expected to display the following Managerial qualities:
Demonstrate 'Risk Excellence' culture in your behaviour and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.

Establish and nurture a culture of individual and collective ownership at the 'captive' giving all staff a clear sense of both responsibility and accountability. Develop effective working relationships with all SSGM staff at all levels across all locations

Ensure that all staff adheres to the expected SSGM Code of Conduct.

In depth knowledge of domains like- securities lending, mark to market, SBL, Corporate actions, Settlements of FI or Equity and Collateral management.

Should have 8 to 10 years of experience in knowledge services environment serving Capital Market in Stock lending domain, handling a team of over 5 to 10 people at a minimum.

Communicates with other team members from diverse background in an effective manner. Influences and motivates the team. Creates an empowering climate. Projects an inspiring presence and collaborates by fostering a network of communication

Demonstrates flexibility and effectiveness with changing environments, tasks, responsibilities & people. Is open to change and new ideas while maintaining core goals and values. Adapts behavior and work methods in…