Collateral Management, Assc2
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 $26.03 trillion in assets under custody and administration and $2.24 trillion in assets under management as of September 30, 2013, State Street operates globally in more than 100 geographic markets and employs 29,230 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,230 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.
State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs. Subject to an individualized assessment of these considerations, roles may be identified as potentially suited for a flexible work arrangement. Requests for a flexible work arrangement can be made upon hire. All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval. More information is available here.
We encourage you to explore the possibilities that a career at State Street can offer you.
State Street is an Equal Opportunity Employer, and prohibits discrimination against applicants or employees on the basis of any legally protected characteristic.
The Shared Services department consists of Regional Centers of Excellence (COE) for Derivatives, Security Valuation and Corporate Actions as well as an Unlisted Unit Trust team and a Custody and Claims team.
The COE's are specialist teams that provide an end to end service of the function to client portfolios on our core platforms. These teams form part of global COE's which have been established to create efficiencies and provide enhanced service by building high levels of expertise and leveraging global technology.
Shared Services is a dynamic environment due to the number of different services provided as well as the different teams and sites the departments interacts with. It is a continuously growing team that requires team members to display strong teamwork, initiative, and excellent client service and communication skills.
The Collateral Management role is responsible for counterparty exposure and collateral movement while performing daily monitoring of the collateral. This includes the calculation of exposure to counterparties, managing calls, disputes, reconciliations and settlements.
To be successful in this role you will need to be a team player and demonstrate the ability to engage with other employees to achieve success. You will embrace change and continuously look to make further improvements within your team, as well as understand where your role fits in with the organisation's strategy and how you can contribute to the overall success of the business.
As an Associate 2 you will also be expected to assist your team leader and other members of the team.
The successful candidate will also:
- Be able to perform all aspects of processing for the relevant department
- Perform functions utilising various systems including MCH, CMW
- Perform oversight functions to tasks offshored or outsourced
- Assist team members and perform secondary review of output as required
- Respond promptly to internal and external client queries, and ensure a timely resolution.
- Facilitate solutions by liaising with relevant State Street departments and sites to ensure optimal problem resolution.
The Collateral Management role is responsible for counterparty exposure and collateral movement while performing daily monitoring of the collateral. This includes the calculation of exposure to counterparties, managing calls, disputes, reconciliations and settlements.
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