Client Onboarding Senior Associate

Who We Are Looking For

State Street’s Global Markets division (SSGM) is looking for a candidate with 3 to 5 years of experience in Client Onboarding. Knowledge of KYC, ISDA, CSA, EBC, Swap Doc, Port Rec, Variation Margin, Initial Margin & ISDA Stay Requirements would be an added advantage.

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.

Our portfolio solutions optimize pre- and post-trade processes, so investors can unlock efficiencies across the entire trade lifecycle. We offer customizable trading services in low-touch, modular or full-service options to meet any need while helping our clients reach peak performance. Select if Research and Insights: To deliver strong performance in today’s markets, institutional investors need an edge. Research that provides high-value insights before the markets shift. Distinctively focused data and insights that help reinvent models, shift perception and convert fresh ideas into actionable opportunities. At State Street Markets, we’ve designed an award-winning platform of topical research and insights that accelerate investors’ competitive edge, helping to achieve performance goals, make better-informed decisions and seize market opportunities as they emerge.

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

What You Will Be Responsible For

• Review the Trade Exceptions on a regular basis and address the trade exceptions on the same day by contacting the clients/qualifying the clients for compliance with Dodd Frank regulations (EBC, Swap Doc, QFC Stay, Variation Margin and Initial Margin) in our inhouse systems.
• Review the client’s documentation (ISDA, CSA, etc.)/information on Markit Website to determine, if the client has provided the required materials/protocol questionnaires that satisfy the EBC, Swap Doc, QFC Stay, Variation Margin and Initial Margin obligations
• Set-up accounts/funds/investment managers in our inhouse systems and ensure that it is compliant with various regulatory requirements (FDIC, Dodd Frank, EMIR and Volcker)
• Track and monitor potential Trade Monitoring/Regulatory Account Set-up issues and delays
• Resolve and escalate Trade Monitoring/Regulatory Account Set-up issues proactively and in a timely manner.
• Maintain static data across multiple platforms
• Maintain strong working relationship and liaise with internal Counterparts, Clients, Sales, Trading, Credit, Legal and Operations when the accounts are not compliant for Dodd Frank and EMIR regulations
• Respond to queries regarding the status of specific requests or new clients
• Maintain and continuously develop knowledge around core products of business unit and key applications in use by the business unit
• Demonstrate a high standard of care while examining data in Trading Agreements (ISDA, FMLG), CSA, VM & IM CSA and
• Prepare process related SOPs/Job Aids and train team members on the process
  
  
  

What We Value

Skills & Knowledge

• Prior Trade Regulatory Client Onboarding/Set-up experience would be a plus
• Knowledge of ISDA, CSA, EBC, Swap Doc, Port Rec, Variation Margin, Initial Margin & ISDA Stay Requirements, Dodd Frank, MiFID and EMIR Regulations would be an added advantage
• Excellent communication skills in oral and written forms
• Strong team player
• Strong ability to multi-task and work under pressure
• Strong problem-solving skills and "can do" attitude
• Strong organizational skills
• Ability to identify and appropriately escalate issues and risks
• Perform work independently on specific assignments
• Strong attention to detail
• Demonstrate a high Standard of Care when reviewing data in ISDA, CSA, Tax Forms and Markit Website, setting up the accounts in our inhouse systems and clearing the trade exceptions from the Trade Monitoring tool
• An ability to apply lessons learnt to future work
• The desire to see an issue through to completion
• The desire to play a part in issue resolution
• Pride in one’s personal work and an understanding of how it impacts the organization
  
  
  

Education & Preferred Qualifications

• M.Com/MBA in Finance
  
  
  

Additional Requirements

• Experience: 3 to 5 years of experience in Regulatory Onboarding/Regulatory Static Set-up/Dodd Frank and EMIR Regulations/Client Onboarding.
• Shift Timings: 5 PM to 2 AM IST/6 PM to 3 AM IST
• Work Location: Mumbai
  
  
  

Are you the right candidate? Yes!

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.

Discover more at StateStreet.com/careers

Job ID: R-776491

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