Static Data - Emerging Lead

Who we are looking for

State Street Markets (SSM) division is looking for a candidate with 6 to 8 years of experience in Regulatory Onboarding/Regulatory Static Set-up/Dodd Frank and EMIR Regulations/Client Onboarding. Knowledge of ISDA, CSA, EBC, Swap Doc, Port Rec, Variation Margin, Initial Margin & ISDA Stay Requirements would be an added advantage.

Why this role is important to us

The team that you will be joining is a part of State Street Markets’ Client Onboarding and Maintenance focused on servicing Sales and Trading clients. When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business unit. As our investment research and trading arm, SSM’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.

What you will be responsible for

• Review the Trade Exceptions Monitoring tool on a regular basis and address the trade exceptions on the same day by contacting the clients/qualifying the clients for compliance with Dodd Frank regulations (EBC, Swap Doc, QFC Stay, Variation Margin and Initial Margin) in our inhouse systems.
• Review the client’s documentation (ISDA, CSA, etc.)/information on Markit Website to determine, if the client has provided the required materials/protocol questionnaires that satisfy the EBC, Swap Doc, QFC Stay, Variation Margin and Initial Margin obligations
• Set-up accounts/funds/investment managers in our inhouse systems and ensure that it is compliant with various regulatory requirements (FDIC, Dodd Frank, EMIR and Volcker)
• Track and monitor potential Trade Monitoring/Regulatory Account Set-up issues and delays
• Resolve and escalate Trade Monitoring/Regulatory Account Set-up issues proactively and in a timely manner
• Maintain static data across multiple platforms
• Maintain strong working relationship and liaise with internal Counterparts, Clients, Sales, Trading, -Credit, Legal and Operations when the accounts are not compliant for Dodd Frank and EMIR regulations
• Respond to queries regarding the status of specific requests or new clients
• Maintain and continuously develop knowledge around core products of business unit and key applications in use by the business unit

·Demonstrate a high standard of care while examining data in Trading Agreements (ISDA, FMLG), CSA, VM & IM CSA and

·Prepare process related SOPs/Job Aids and train team members on the process

What we value

Skills & Knowledge

• Prior Trade Exceptions Monitoring/Regulatory Client Onboarding/Set-up experience would be a plus
• Knowledge of ISDA, CSA, EBC, Swap Doc, Port Rec, Variation Margin, Initial Margin & ISDA Stay Requirements, Dodd Frank & EMIR Regulations would be an added advantage
• Excellent communication skills in oral and written forms
• Strong team player
• Strong ability to multi-task and work under pressure
• Strong problem-solving skills and "can do" attitude
• Strong organizational skills
• Ability to identify and appropriately escalate issues and risks
• Perform work independently on specific assignments
• Strong attention to detail
• Demonstrate a high Standard of Care when reviewing data in ISDA, CSA, Tax Forms and Markit Website, setting up the accounts in our inhouse systems and clearing the trade exceptions from the Trade Monitoring tool
• An ability to apply lessons learnt to future work
• The desire to see an issue through to completion
• The desire to play a part in issue resolution
• Pride in one’s personal work and an understanding of how it impacts the organization

Education & Preferred Qualifications

• M.Com/MBA in Finance

Additional requirements

• Experience: 6 to 8 years of experience in Regulatory Onboarding/Regulatory Static Set-up/Dodd Frank and EMIR Regulations/Client Onboarding.
• Shift Timings: 5 PM to 2 AM IST/6 PM to 3 AM IST
• Work Location: Hyderabad

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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