AIS Custody Services Core Operations - Senior Associate

Senior Associate

To have end to end knowledge of the process in accordance with internal controls and procedures. Minimum 3+ years in core Custody operations (preferably trade settlement/trade processing). Provide support during US market hours, should be comfortable with Night Shift.

The team you will be joining is part of AIS Custody, that became a part of State Street (India) in 2017. The team is responsible for managing the core process workflow related to Security & Settlements, Cash Management & Reporting activities.

As Senior Associate, you will:

• Good understanding about end to end of the Trade Life Cycle and intermediaries involved.
• Book trades accurately and in a timely manner. Communicates fail trade information as directed. Reconcile outstanding items.
• Eye for detail and good in reviewing instructions, should be able to accurately and timely review the trades.
• Knowledge about trade elements such as Security identification, transaction type, counterparty and other trade matching parameters.
• Supervise the research and resolution of exceptions and inquiries related trade processing & Trade Settlement.
• As it's a client facing role the candidate should have the ability to communicate clearly with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required.
• Understanding about SWIFT messages and different message type, different tags and their importance.
• Knowledge about clearing houses and depositories.
• Experience in handling in client queries related to trade processing & trade settlement.
• Should be able to coordinate well with the onshore for trainings and other job responsibilities.
• Managing day to day volume and delivering tasks as per the SLA
• Provide timely accurate management reporting and issue log maintenance, under moderate supervision
• Coordinate and supervise work efforts when multiple Associates are needed to complete work
• Participate in projects as well as prepare and verify information for those various projects/special requests as directed
• Oversee the adherence to Standard Operating Procedures
• Coordinate effective and timely flow of critical information to all relevant parties and follows up on administrative details within the department
• Knowledge about different types of trade such as RVP, DVP, RFP, DFP, etc.
• Basic knowledge about DTC, FED, Euro Clear and Clear Stream would require for this role
• Knowledge about calculation of gain/loss of a trade (cost basis)
• Understanding about processing deal slip
• Knowledge about trade settlement and reasons for failure of trade
• Should be able to work under stringent deadline situations
• Mailbox management and to ensure all actionable completed within the deadline
• Work in conjunction with individuals on the team, other shared services/COEs, India and Onshore to ensure seamless processing of custody related processing.
• Process trade settlement information within deadlines and comply with all FTTOP requirements
• Process collateral/assets segregated as instructed
• Maintain records in support of audits
• Consults with manager where clarification or exception to policy may be required
• Other duties as assigned.

What we value:

• Working knowledge of Excel and other Microsoft Office applications
• Highly self-driven sense of motivation
• Naturally curious, passionate and strong analytical skills
• Strong accuracy aptitude and detail orientation
• Strong verbal, written and interpersonal communication skills

Education & Preferred Qualifications:

• Bachelor's degree with a preferred concentration in Accounting/Finance or relevant work experience