Collateral Analyst
Our Company
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.42 trillion in assets under custody and administration and $2.18 trillion in assets under management at March 31, 2013, State Street operates globally in more than 100 geographic markets and employs 29,460 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,460 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.
We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.
We encourage you to explore the possibilities that a career at State Street can offer you.
State Street is committed to embracing diversity and inclusion in the workplace.
Enhanced Custody is an alternative to prime brokerage and is the only platform that allows clients to borrow stock and finance from a segregated custody account. State Street's Enhanced Custody solution can reduce counterparty risk, offer additional transparency and provide more control over assets. Clients can also engage in self-borrowing and self-financing from their own long positions from a custody accounts. This approach provides a more efficient and cost-effective way to manage long/short portfolios.
We are looking for an individual who has previously worked in a Collateral/Operations role. The candidate will have regular interaction with internal and external customers, the front office, and senior management. A successful candidate should have a working knowledge of securities lending, borrowing, custody, trade processing, equity execution, collateral management, and middle office servicing.
This role will:
The Enhanced Custody Operations desk consists of 6 staff managing a loan and borrow book over 21 European and Far Eastern Markets. A Successful candidate's duties will include:
- Analyzing, researching and interpreting collateral requirements from lender and borrower terms and conditions according to established policies and procedures
- Managing internal and external client collateral supply demands across multiple financing options
- Providing technical, market and industry expertise related to Collateral Management to identify and manage risk
- Consulting with global trading desks to communicate risk and exposure to Enhanced Custody and its clients
- Instructing client collateral requirements and coordinating external movements
- Developing new processes and procedures for new functions and products or as the lending/trading environment changes
- Providing oversight and control functionality over the whole collateral process
- Researching and resolving collateral short falls and escalating to the appropriate management teams
- Supporting and maintaining relationships with brokerage intermediaries and Enhanced Custody client base
- Managing performance and development of staff members; provides staff with cross-training opportunity
Ideal Candidate Profile:
- Excellent knowledge of global collateral management is a requirement
- Knowledge of SunGard Global One experience preferable, but not required
- Ability to manage multiple priorities and unit workflow in a fast-paced environment
- Ability to identify areas of exposure, take necessary steps to protect Enhanced Custody, its clients and the corporation
- Strong relationship management, decision-making, problem solving, leadership, risk management, communication and project management skills
- Customer focus
- Successful candidate should be enthusiastic, keen to learn and be part of a growing team
- Good communication, organization, problem solving, analytical and prioritization skills
- Microsoft proficient
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