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Collateral Management, Officer

State Street

State Street

Quincy, MA, USA
Posted on Tuesday, May 14, 2024

Who we are looking for.

The ideal candidate is a problem solver that thrives on deadlines and is comfortable building Excel based controls, managing a staff in multiple locations, and communicating with clients. You will be expected to manage multiple strategic projects and client relationships while simultaneously providing tactical support to the Assistant Vice President to achieve excellent service standards of the collateral management function. A background in collateral management is strongly 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.

What you will be responsible for

As Collateral Management Officer:

  • Work with a team of 4-5 team members that are responsible for converting client requirements into a standardized collateral operating model.

  • Communicate with current clients about static data requirements, data transfer protocols, and general collateral management processes.

  • Test collateral code changes on regular basis.

  • Develops expertise in the use of our multiple collateral system applications and assists staff in advancing their own skills.

  • Validate and review 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.

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

  • Lead State Street Collateral Management project and initiatives.

What we value

  • These skills will help you succeed in this role.

  • Ability to organize complex data into digestible ideas.

  • Ability to manage multiple deadlines simultaneously with deliverables to different parties.

  • Self-Starting, meticulous and detail oriented.

  • Strong verbal and written communication, interpersonal and customer service skills.

Education & Preferred Qualifications

  • College Degree strongly preferred.

  • 2 -5 years of experience

  • Strong Excel skills, experience with collateral management systems is strongly 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 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:

$70,000 - $115,000 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.