Who we are looking for
We are looking for a candidate with experience in Collateral Management to join our team in Ireland, the candidate must exhibit a strong understanding of Collateral Management Operations specific to Bilateral OTC, Repo and two way Reg Initial Margin Calls issuance and dispute resolution.
Why this role is important to us
The Collateral Management team you will be joining is a part of Global Delivery (GD) Alpha Operations which is a fast growing business across the globe. We are a leading provider of Collateral Services to a wide range of clients and operationally support from three different regions, NA, EMEA and APAC.
What you will be responsible for
Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
Serve as a single point of contact providing inquiry and operational support to our internal and external clients.
Reporting - Generate a variety of reports, which includes client and internal
Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
Onboarding and set up for new business and existing.
Works independently and with the team to establish firm and well-tested controls and procedures
Implements and supports client-specific service requirements; understands the client’s operational process and enhances the service accordingly
Supports the review and validation of collateral data as needed; anticipates and resolves impactful events to the client
Validates and reviews all daily activity while maintaining all required controls
Interprets client needs and works to meet those needs offering assistance and advice on standard practical issues and non-standard tasks or queries
What we value
Knowledge of OTC markets/ derivatives instruments
Familiarity with Hedge Fund products, structures and financial instruments
Experience in finance and custody
Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
Proficient knowledge of MS Access and VBA
Effective communication
Numeracy skills; attention to details
Accuracy and ability to work with tight deadlines
Risk excellence mindset
Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
Self-motivated and reliant, flexible
Education & Preferred Qualifications
Bachelor’s degree is required
Relevant years of work experience with direct experience in Collateral Management
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Why you should join us
· Generous holiday entitlements, including additional Birthday Day Off and Paid Volunteer Days
· Supportive and encouraged hybrid work-life balance
· Expansive inclusion, diversity and equity programme
· Private medical insurance, health screenings, flu vaccinations and eye testing
· Employee wellbeing and mental health support programme
· Parental and caretaker support
· Attractive pension plan
· Life assurance and long-term disability support
· Multiple local community volunteering opportunities
· Profit sharing scheme
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
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What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
