Core Operations, Assistant Manager

Will be a part of State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements desk, ensuring all trades are matched and instructed within market guidelines. He/She will be expected to engage and communicate daily with:

• SSGM FX Trading, Onboarding, Static, & Middle Office units.
• Counterparties, GTCB Cash Processing and Investigations teams

Process : State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements

Position : Senior Associate

Shifts (in IST) : US Shift - 7PM to 4AM IST

Location : Hyderabd

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world's institutional investors, we deliver the industry's most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions - data-driven macro market intelligence that give an information advantage client-first platforms and tools that redefine trading financing solutions that streamline liquidity access and portfolio solutions designed to help achieve peak performance - we deliver a breakthrough edge to drive business success.

With our FX solutions, investors can access a wide range of markets and jurisdictions using our decision-making and strategy planning tools, diverse funding options and trading strategies. We deliver sophisticated avenues to tap into new sources of liquidity, capitalize on market opportunity and transact efficiently in any market environment. We have a range of solutions from various high- to low-touch principal execution methods, and outsourced agency hedging and execution solutions through our currency management offering.

What you will be responsible for

• Validate and confirm FX trades (spot, forward, swap, NDFs, options) with counterparties in a timely manner.
• Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.
• Send and match trade confirmations using platforms such as SWIFT, email, or third-party systems (Misys, FXall, GTSS, BBG and CLS, LCH).
• Perform FX Netting Via email/Call or vendor platforms/ third-party systems (Misys, FXall, GTSS).
• Monitor unmatched or disputed trades and resolve discrepancies.
• Liaise with front office, compliance, finance, and IT teams to support the full trade lifecycle.
• Communicate effectively with counterparties and custodians to ensure timely resolution of issues.
• Maintain up-to-date records of confirmations and settlements.
• A strong understanding of the SWIFT network, including messages types, standards, and operational procedures.
• Ensure settlement of FX trades on value date by liaising with counterparties, custodians, and internal teams.
• Process payment instructions through SWIFT or internal systems.
• Monitor nostro accounts to ensure funding and settlement accuracy.
• Assist in the preparation of internal reports for management and regulatory bodies.
• Support audits and ensure adherence to operational risk and compliance policies.
• Perform static data set-up and data management

Reconciliation and Investigations

• Perform investigation and resolve in trade details/settlement discrepancies/ breaks and related outstanding issues in a timely manner.
• Escalate unresolved issues to appropriate stakeholders.
• Perform investigation and resolve non-receipts/ non-pay issues.

What we value

These skills will help you succeed in this role

• Stay updated on industry regulations and best practices related to FX Confirmation and Settlement operations.
• Responsible for KRI/Operating Metrics reporting and other overarching team related responsibilities.
• Take a leadership role in broader based projects as a subject matter expert.
• Drive automation and STP initiatives to improve operational efficiency.
• Solve complex inquiries and complete due diligence activities for client request.
• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution.
• Coordinate with internal and external clients to assess service quality and identify areas for improvement.
• Work directly with the business and other Global Treasury stakeholders to provide information and/or operational solutions as needed.

Education & Preferred Qualifications

• MBA or equivalent.
• Good knowledge in Back office/Trade Life Cycle confirmations and settlement.
• Knowledge of Global Markets Treasury, Custody, Cash management and Payment systems.
• Consistently demonstrates clear and concise written and verbal communication skills.
• People management experience.

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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