Collateral Management - Associate

at  State Street Corporation

WHO WE ARE LOOKING FOR

As a Collateral Management SME, you will interact internally with global Centers of Excellence, Client Middle Office Operations teams and Client operational contacts to complete the collateral management and processing for assigned clients and portfolios. The candidate must exhibit an understanding of Collateral Management Operations specific to Bilateral OTC, Repo and two way Reg Initial Margin Calls issuance and dispute resolution.

WHAT YOU WILL BE RESPONSIBLE FOR

As Collateral Management-Core Operation-Associate 2 you will

• Serve as a contact providing inquiry and operational support to high profile internal and external clients on collateral management functions on behalf of the team
• Develop expertise in the use of our multiple collateral system applications
• Work independently and with the team to establish firm and well-tested controls and procedures
• Implement and support client-specific service requirements; understand the client’s operational process and enhance the service accordingly
• Support the review and validation of collateral data as needed; anticipates and resolves impactful events to the client
• Validate and review all daily activity while maintaining all required controls

These skills will help you succeed in this role

• High level daily tasks include issuing and responding to margin calls, collateral allocation and processing the dispute resolution process and/or collateral settlement.
• Research and resolve exceptions, perform reconciliations and actively monitors for incorrect transactions or issues
• Own a Risk Excellence mindset in all tasks as part of our Way Ahead foundation which includes understanding the upstream and downstream impacts of operational flows and having a critical eye on common pitfalls to Risk Excellenc