State Street Markets Corporate Actions - Manager

Who we are looking for:

This dynamic managerial role requires good understanding of Securities Lending and borrowing business and corporate action life cycle. It requires constant interaction with multiple stakeholders namely TFO, borrowers and other internal teams

Why this role is important to us:

The team you will be joining is a part of State Street Global Markets India COO (SSGM) which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6. Statestreet is one of the largest agents lenders in the world, with over 40 years of experience and more than 250clients across multiple global markets. Our depth of lendable assets and strong market position provides more trading opportunities When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. 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:

• Reconciliation and distribution of dividends and cash corporate actions.

•Identifying and managing the risks associated to corporate actions.

•Monitors market corporate action events against the portfolio for this product.

•Analyses, researches and interprets corporate action terms and conditions according to established policies and procedures.

•Inputs corporate action blocks, restrictions and trading comments on the Securities Finance system.

•Communicates with internal and external parties to provide corporate action information and relevant deadlines.

•Calculates entitlements based on corporate actions terms and conditions and processes the requisite adjustments and possible ensuing market transactions in a timely and accurate manner for securities borrowed and on loan.

•Researches and resolves all shares - related discrepancies with the participating lending agent.

•Monitors all corporate action share entitlements to ensure proper and timely collateralization.

•Communicates with the trading and settlements groups to enforce policies and procedures to minimize corporate action issues.

•Reconciles pending/open borrowed and loaned positions with participating parties.

•Collects the requisite income from participating borrowers in order to pay the participating lending agent(s) on market pay date.

What we value:

These skills will help you succeed in this role:

• 8 to 10 years’ of strong product knowledge of corporate actions life cycle and Agency/Principle Security lending business
• Strong communication, interpersonal, organizational, and time management skills
• Good team management experience
• 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

Work Location: Hyderabad / Bangalore

Education & Preferred Qualifications:

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs
• Overall experience of 1+ years in trade Settlements, reconciliation, Mark to Market and Collateral Management (NA/EMEA markets) process & Reconciliation process
• Investment Banking, Agency/Principal Lending, Custodial Services, Financial Markets knowledge is must. 
• Certifications: certifications like NSE Certification in Financial Markets (NCFM), NSE Certified Capital Market Professional (NCCMP) etc. will be an added advantage but not mandatory.

• Exposure to Equilend, Pirum, Captain, MCH, and DTC applications

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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