Collateral Management - Associate 2 at State Street in Quincy, Massachusetts

Job Description:

Who we are looking for

As a Collateral Management SME, you will interact internally with global Centers of Excellence, Client Middle Office Operations teams and Client operational contacts to complete the collateral management and processing for assigned clients and portfolios. The candidate must exhibit an understanding of Collateral Management Operations specific to Bilateral OTC, Repo and two way Reg Initial Margin Calls issuance and dispute resolution.

What you will be responsible for
As Collateral Management-Core Operation-Associate 2 you will

• Serve as a contact providing inquiry and operational support to high profile internal and external clients on collateral management functions on behalf of the team


• Develop expertise in the use of our multiple collateral system applications


• Work independently and with the team to establish firm and well-tested controls and procedures


• Implement and support client-specific service requirements; understand the client's operational process and enhance the service accordingly


• Support the review and validation of collateral data as needed; anticipates and resolves impactful events to the client


• Validate and review all daily activity while maintaining all required controls

• High level daily tasks include issuing and responding to margin calls, collateral allocation and processing the dispute resolution process and/or collateral settlement.


• Research and resolve exceptions, perform reconciliations and actively monitors for incorrect transactions or issues


• Own a Risk Excellence mindset in all tasks as part of our Way Ahead foundation which includes understanding the upstream and downstream impacts of operational flows and having a critical eye on common pitfalls to Risk Excellence

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.

Discover more at StateStreet.com/careers

Salary Range:
€30,000 - €43,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.