State Street is seeking a dynamic Assistant Vice President to join their Corporate Action team in Bangalore or Hyderabad. The role requires a strong understanding of Securities Lending and borrowing business and corporate action life cycle. The ideal candidate will have 12-15 years of experience in corporate actions life cycle and Agency/Principle Security lending business, strong communication and team management skills, and be flexible to work in a US shift.
Requirements
- Reconciliation and distribution of dividends and cash corporate actions
- Analyses, researches and interprets corporate action terms and conditions
- Inputs corporate action blocks, restrictions and trading comments on the Securities Finance system
- Communicates with internal and external parties to provide corporate action information and relevant deadlines
- Calculates entitlements based on corporate actions terms and conditions and processes the requisite adjustments and possible ensuing market transactions
- Communicates with the trading and settlements groups to enforce policies and procedures to minimize corporate action issues
- Reconciles pending/open borrowed and loaned positions with participating parties
- Collects the requisite income from participating borrowers in order to pay the participating lending agent(s) on market pay date
- Ensures that your team meets the agreed SLA, KPI and KRI and evidence of the same documented every day
- Reviews contract compare records, DDA’s to validate positions with each counterparty
- Assists business area with inquiries pertaining to transactional activity; coordinates response with traders, corporate actions staff and other internal teams
- Ensure timely resolution of counterparty issues including pricing problems, quantities of loans and borrows, etc. while keeping management informed of any potential issues
- Identifies and analyzes operations risks related to current and potential business and recommends procedural changes/improvements as needed
- Demonstrates effective communication skills (written and verbal) – ensuring key stakeholders are regularly appraised on progress relative to milestones & escalates issues requiring attention appropriately
- Ensure trades that fall out of the STP process are highlighted, tracked and remediated where appropriate
- Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any potential process risk to the managers
- Demonstrates effective risk management skills – capture and communicate probability and impact to key stakeholders, ensure appropriate mitigation strategies are agreed
- Works collaboratively across SSGM Globally on key initiatives
- Strong project and people management skills
Benefits
- Generous medical care
- Insurance
- Savings plans
- Flexible Work Program
- Development programs
- Education support
- Paid volunteer days
- Matching gift program
- Employee networks
