Front Office, Senior Associate

State Street Corporation
Edinburgh, United Kingdom
11 Jan 2023
01 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
FX Collateral
Job Description

Who we are looking for
Responsible for FX collateral management in the EMEA region for Global markets.
SSGM Collateral Operations is responsible for ensuring that each portfolio is as fully collateralized as possible and all related margining activities are being completed in a timely and accurate manner.
The incumbent will play a key role on the State Street Global Markets FX collateral team. The team is responsible for ensuring complete daily margining for all FX trading activity, primarily to satisfy regulatory requirements. This includes direct involvement in the margin call process as well as the expertise to help oversee offshore team.
This team member will also be asked to play a role in projects of varying complexity and execute on those projects in collaboration with team members in Edinburgh as well as regional hubs.

Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). 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 a member of the FX Collateral Oversight team you will
  • Ensure all controls are followed in daily processes to mitigate risk
  • Manage end-to-end regulatory Initial Margin process
  • Oversee cash and security settlements
  • Troubleshoot and resolve client issues
  • Review disputes and reconciliations, produce reporting
  • Liaise with Legal, Compliance, Credit, Trading, and Operations globally
  • Participate in projects as requested and deliver on all project deadlines

What we value
These skills will help you succeed in this role
  • Strong analytical and decision-making skills
  • Strong administration and organizational skills
  • An ability to work independently or collaboratively
  • Self motivated, adaptable and able to show initiative in different circumstances and under pressure.
  • Previous experience in a Collateral Management role /environment preferred but not essential

Education & Preferred Qualifications
  • Degree level education preferred or equivalent industry experience.
  • An understanding of the financial services industry

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.
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