State Street Markets Recon Operations, Associate 2

Who we are looking for: This dynamic role which requires good understanding of equities, fixed income, Securities Lending and borrowing business, collateral management & reconciliation. The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams The major responsibilities will be: 1.  Cash and Non-Cash reconciliation 5. DUCO, Pirum and Equilend platform awareness  6. Tri resolve platform Why this role is important to us: The team you will be joining is a part of State Street Global Markets (SSGM) reconciliation . When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. 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 State Street Markets Recon Operations, Associate 2 you will be Performs several or all the following duties based on assigned desk (domestic, international) and/or product(s): Perform daily reconciliation of securities transactions, cash, positions ,Cash & position and stock lending/borrowing activities. Investigate trade breaks and discrepancies between internal ledgers and external counterparties. Assigning the breaks to corresponding team to resolve the breaks in timely manner. Liaise with trading desks, operations teams, and external parties to resolve reconciliation issues. Reviews contract compare records, DDA’s to validate positions/cash breaks with multiple Internal teams and external counterparties. Assists business area with inquiries pertaining to transactional activity; coordinates response with counterparties , traders, corporate actions teams and other internal teams. Ensure timely resolution of counterparty issues including all break types (Rate,Fee, Quantity, Orphan, etc). while keeping management informed of any potential issues. Utilize reconciliation tools (e.g., DUCO, Equilend, Pirum, etc.,) to automate and improve processes. Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed What we value: These skills will help you succeed in this role: Strong knowledge of Agency/Principle Security lending business, Capital markets and Equities Strong communication, interpersonal, organizational, and time management skills Deadline and detail oriented Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills Should be flexible to work in US (6:30 PM - 3:30 AM IST) shift Shift Timing: 6:00 PM - 3:00 AM IST Work Location: Bangalore Education & Preferred Qualifications: