Equity Swap Operations, Assistant Vice President

Who we are looking for

We are looking for an experienced and highly motivated professional to join the Financing Solutions business within Prime Services as an Assistant Vice President in Equity Swaps Operations.

The successful candidate will provide leadership and oversight across the Equity Swaps operational lifecycle, ensuring effective BAU delivery, risk and control management, and continued development of the operating model. The role will work closely with Front Office, Technology, Risk, Treasury, Finance and other key stakeholders to support business growth while maintaining a strong and scalable control environment.

The ideal candidate will have strong Equity Swaps and/or Prime Services operational experience, Hedge operations combined with proven people leadership, risk management and stakeholder management capabilities.

Why this role is important to us

The team you will be joining is a part of State Street Markets which is transforming our operating model that provides support to sales and trading desks across all regions EMEA, APAC and North America 24/6. Since synthetic market access is growing globally, Prime Services are expanding their product offering to include Equity Swaps.  Clients take advantage of a range of financing solutions, from memo-pledge and self-financing to self-borrow and repledge. Our Secured financing solution offers accessibility to cash investment and financing outlets for a wide range of institutional participants.

 State Street is one of the largest agent’s lenders in the world, with over 40 years of experience and more than 250clients across multiple global markets. Our depth of lendable assets and strong market position provides more trading opportunities When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. Join us to make your mark in the capital markets industry.

What you will be responsible for

As Equity Swap Operations, Assistant Vice President you will

Equity Swaps & Hedge Operations

• Provide leadership and oversight across the end-to-end Equity Swaps operational lifecycle.
• Oversee trade processing, confirmations, settlements, reconciliations, resets, corporate actions, cash movements/wires, Stock borrowing & lending transactions, Collateral/margin movements and Treasury funding activities.
• Ensure operational exceptions and breaks are investigated, escalated and resolved within agreed timelines.
• Ensure BAU processes are completed accurately and in accordance with established procedures and service standards.

Risk, Controls & Governance

• Maintain a strong operational risk and control environment.
• Identify operational and process risks and implement appropriate controls and remediation actions.
• Track KRI/KPI/performance against business objectives and strategic priorities
• Support regulatory requirements, audits, risk assessments and control reviews.
• Ensure material issues and control weaknesses are appropriately escalated and tracked to resolution.

Business & Operating Model

• Support the continued development of the Equity Swaps operating model.
• Provide Operations expertise for new products, clients, markets and business initiatives.
• Partner with Front Office, Technology, Treasury, Finance and other stakeholders to deliver scalable solutions supporting business growth.
• Drive process improvements and automation opportunities to improve efficiency, controls and client experience.

Leadership & Stakeholder Management

• Act as a senior Operations contact and escalation point for Equity Swaps.
• Manage, coach and develop team members, promoting accountability, collaboration and a strong risk culture.
• Drive performance, training, cross-training and knowledge sharing across the team.
• Build strong relationships across Front Office, Operations, Technology, Risk, Treasury, Finance and other support functions.

What we value

• Strong Equity Swaps and trade lifecycle knowledge.
• Strong operational risk and control mindset.
• Proven leadership and people-management skills.
• Strong analytical, problem-solving and decision-making capabilities.
• Effective stakeholder and client management.
• Ability to manage multiple priorities in a fast-paced environment.
• Excellent communication, organization and influencing skills.
• Strong focus on accountability, continuous improvement and operational excellence.

What you will bring to the role

• Front-to-back knowledge of the Equity Swap Operations processes, markets and instruments.
• Hands-on experience and working knowledge in Front office exception management, Middle office systems, Settlement / Payment department & understanding Swap lifecycle
• Familiarity with systems such as NUVO, TRAIANA, DUCO, etc. will be an added advantage.

Education & Preferred Qualifications

• Bachelor’s degree in Finance, Economics, Business, or related field is preferred
• 12+ years of relevant experience within Financial Services Operations, Middle Office, Prime Services, Equity Derivatives or a related area.
• Strong understanding of Equity Swaps, Total Return Swaps and/or synthetic financing products.
• Experience across key lifecycle functions such as trade processing, confirmations, resets, corporate actions, settlements, reconciliations, collateral/margin and cash management.
• Previous experience managing or supervising an Operations/Middle Office team is preferred.
• Experience supporting new products, operating-model changes or business transformation would be advantageous.

Additional requirements

• Knowledge of Macros, SQL & MS Access Database queries will be an added advantage.
• Shift Timings: 7pm to 4 am IST
• Persona: 4 days’ work from office
• Location: Mumbai / Bangalore

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 program 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

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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