Collateral Management, Senior Associate

Who we are looking for

We are looking for a candidate with experience in collateral management or financial operations to join our team Collateral Management Team in Irvine California. The ideal candidate is a problem solver that thrives on daily & monthly deadlines, who excels a project work, problem solving, and maintaining strong relationships with our clients. A background in collateral management is preferred and an in-depth understanding of State Street’s middle office systems such as GTM, RKS, CMW, and Colline would be ideal.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As  Collateral Management - Senior Associate you will

• 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

These skills will help you succeed in this role

• Experience in finance and custody

• Risk excellence mindset

• Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage

• Proficient knowledge of MS Access and VBA

• Effective communication

• Knowledge of OTC markets/ derivatives instruments

• Self-motivated and reliable

Education & Preferred Qualifications

• Bachelor’s degree

• Relevant years of work experience with direct experience in Collateral Management preferred

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 a