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Core Operations- Collateral Management, Senior Associate-Remote work within Ireland

State Street Corporation
Naas, Ireland
Posted about 13 hours ago Remote Permanent Competitive

Who we are looking for

As a Collateral Management Senior Associate, you will interact internally with global Centers of Excellence, Client Middle Office Operations teams, Joint Venture operations teams and Client operational contacts to complete the collateral management and processing for assigned clients and portfolios. 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 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 Collateral Management, Senior Associate you will

  •  Serves as a single point of contact providing inquiry and operational support to high profile internal and external clients on collateral management functions on behalf of the team
  •  Coordinates activities of the team including problem resolution coverage and escalations
  • Develops expertise in the use of our multiple collateral system applications and assists staff in advancing their own skills
  • Identifies key issues and patterns from partial or conflicting data; takes a broad perspective to problems and spots new less obvious solutions
  • 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

These skills will help you succeed in this role

  • High level daily tasks include issuing and responding to margin calls, collateral allocation and processing the dispute resolution process and/or collateral settlement.
  • Researches and resolves exceptions, performs reconciliations and actively monitors for incorrect transactions or issues
  • Owns a Risk Excellence mindset in all tasks as part of our Way Ahead foundation which includes understanding the upstream and downstream impacts of operational flows and having a critical eye on common pitfalls to Risk Excellence

Education & Preferred Qualifications

  •  Bachelor’s degree is required 
  •  2-5+ years of work experience with direct experience in Collateral Management
  • Familiarity with Hedge Fund products, structures and financial instruments
  • Strong communication, interpersonal and customer service skills
  • Extremely organized
  • Deadline and detail-oriented.

Additional requirements

  • Minimal holiday or weekend limited coverage responsibilities

eFC SoSe

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