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Form of work
SalaryJob Description
Who we are looking for
An experienced leader for the State Street India Collateral Management organisation Extensive knowledge required collateral management, OTC, static data, onboarding, confirmation, settlement, clearing, uncleared and initial margin.
Why this role is important to us
The team you will be joining is a part of State Street India Collateral Management Organization which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6.
Position Responsibilities
- Address day-to-day operational issues and escalations
- Liaise with project teams and IT in regards to any projects/initiatives for operational readiness and preparation
- Provide oversight and assistance to all India COO teams
- Communicate with multiple internal / external stakeholders, regional home site teams, Clients, Brokers, Middle Office, Static Data, Payments, Investigations, 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
- Attend regular meetings to support the business functions
- Support the ‘Risk Excellence’ culture within the business
- Ensure that your team has clear understanding of their scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements.
- Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
- Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively
- Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved. This includes: a) ensuring that appropriate management information is received, considered and challenged as appropriate at intervals proportionate to the risks; and b) that staff members have clear understanding of the escalation path/principles
- Establish and nurture a culture of ‘Risk Excellence’ within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion.
- Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members’ behaviour in performing their roles.
- Ensure that the highest level of the Code of Conduct is displayed in your own and staff behaviour.
Subject Matter Expert in :
- Global Markets
- Collateral Management
- OTC, FX
- Onboarding
- Data Maintenance
What we value
These skills will help you succeed in this role
- Strong risk mitigation, problem solving, and decision making skills
- Effective in process improvement and expense reduction
- Experience in managing teams in multiple locations regions
- Ability to think critically and resolve complex problems
- Strategic mindset – looking at bigger picture for the future of the organisation
- Change agent with abilities to navigate challenges effectively
Education / Experience
- BS/BA or equivalent
- 17+ yrs experience in management and operations
- Transformation / Strategic implementation
- Risk / Control / Audit
- Strong management and employee relations skills
