FX Confirmations - Emerging Lead

Business Line : Global Markets
Work Location : Bangalore
Process Name : FX Confirmations and Settlements
Position: Senior Associate (EL)
Shifts (in IST) : US Shift
State Street Corporation (NYSE: STT) is one of the worlds leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.

• This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
  

About Business Line
State Street Global Markets delivers innovative, value-added trading, execution, and financing services to clients across a spectrum of businesses thereby generating shareholder return. The different business in Global Markets involved are Foreign Exchange Sales & Trading and Research, Securities Finance and Portfolio Solutions
About Process

State Street Global Markets Foreign Exchange confirmations and settlements team ensures all deals/trades are confirmed and settled in a timely manner based on market cut off.
Key Responsibilities/Skills & Knowledge/ Qualification

Perform FX Netting Via email or vendor platforms

Email counterparty to confirm trades

Reach out to client in case of non-receipts

Ensure that the focuses on client needs first and drive all efforts to provide exceptional service

Review and/ or Implement controls when applicable to reduce risk

Will have to engage and communicate daily with the below stakeholders

• GTCB Cash processing and investigations team
• SSGM FX Trading and Middle office units
• Counterparties
• SSGM FX DBM Team
• Take responsibility for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures. Should have knowledge of Vendor platform like GTSS, Bloomberg, FXALL and Misys
• Should have knowledge of confirmation Swift for FX
• Should have knowledge about different payment swifts
• Have good understanding of NDF and different FX products

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  Get Hired
  Ability to manage multiple tasks / priorities
• Ability to work under pressure, working to deadlines and dealing with high volumes
• Strong communication skills – written and verbal, with internal and external contacts
• Should have good problem solving and people managing skills
  

Primary Skills (Must Have)

• Customer focus.
• Demonstrates good team working skills
• Ability to think creatively, solve problems and identify opportunities to improve existing processes and controls
• Strong Excel skills – VLookups and Pivot Tables
  

About State Street Corporation
State Street Corporation (NYSE: STT) is one of the worlds leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

• This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
  

For more information on State Street Corporation, please visit www.statestreet.com.
Job ID: R-747116