State Street

Financial Services

FXConfirmations&Settlements(EMEA),AssistanceVicePresident

Mumbai, India FULL TIME
The Brief

“FX Confirmations & Settlements (EMEA), Assistance Vice President at State Street. Skills: FX Confirmations, Settlements, trade lifecycle, transformation initiative, global standardized operating model, new technology infrastructure. Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs. Responsible for the timely and accurate delivery of all cash (payments) and securities (collateral and investment) ensuring minimal operating losses for FX b”

What You'll Achieve.

reduce risk; create efficiency; improve service delivery; ensure seamless BAU; not compromise on service; timely and accurate delivery of all cash (payments) and securities (collateral and investment); minimal operating losses for FX businesses; processes are robust & compliant; removing manual touchpoints; increasing STP; using data to identify issues to resolve and opportunities for improvement; adherence to resiliency strategy; adherence to control assurance

Industry & Context.

Financial Services
Problems you'll solve

risk mitigation; problem solving; decision making skills; Ability to think critically and resolve complex problems

Eligibility Requirements

EMEA Shifts (in IST): EMEA - 3pm to 12am, 4 days Work from Office, Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

What They're Looking For.

Must Have

15+ years of experience in Financial Services industry, Graduate and above preferably in Finance, B. COM, BBMBA. MBA (Finance), M. COM or any degree related to Finance or Commerce, Front-to-back knowledge of the FX Confirmation, Settlement, systems, markets and instruments, Hands-on experience in managing Interbank, Corporate, CLS, CLS_NET settlements, Working knowledge in Settlement/Payment department & understand payment life cycle

Nice to Have

Certification on NCFM / CISI (Chartered Institute for Securities & Investment), Knowledge on Macros, SQL & MS Access Database queries

What You'll Do.

Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs

Responsible for the timely and accurate delivery of all cash (payments) and securities (collateral and investment) ensuring minimal operating losses for FX businesses

Focus on the control environment to drive a risk & control culture across the global teams to ensure processes are robust & compliant

Partner with Technology and the transformation lead for Markets Operations to deliver a best-in-class E2E workflow solution

removing manual touchpoints and increasing STP

Support applicable Change the Bank and Run the Bank Projects impacting the team

from providing SME support

testing and monitoring into Production

Accountable for a governance to monitor and track BAU metrics

using data to identify issues to resolve and opportunities for improvement

Ensure vendor oversight and hold them accountable to high standards of delivery

Stay abreast of all regulatory and market changes and ensure adherence and no impact to service standards as a result of these changes

Partner with ERM and compliance colleagues globally to ensure Markets Operations remains disciplined with respect to adherence to resiliency strategy

control assurance etc.

Support audits and ensure adherence to operational risk and compliance policies

How You'll Work.

Team & Collaboration

Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle; Partner with Technology and the transformation lead for Markets Operations; Partner with ERM and compliance colleagues globally

Communication Scope

Good Communication Skills both written and oral

Process & Methodology

Lead and drive the transformation initiative to deliver a global standardized operating model supported by new technology infrastructure, Responsible for Markets participation in programs such as ISO 20022, TD+1, and other bank wide initiatives, Support applicable Change the Bank and Run the Bank Projects impacting the team

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