FX Confirmations & Settlements (EMEA), Assistance Vice President

Job DescriptionWho we are looking forAn experienced individual for our Markets Operations – Foreign Exchange Confirmations & Settlements team responsible for trade confirmation and settlement in line with market deadlines and internal SLAs. The individual should possess extensive knowledge and experience on securities, settlements, claims, rates, treasury products, and related financial attributes. Will require to work closely with Business teams, Functional teams, Business Risk, Compliance and Technology teams on day to day basis to ensure seamless BAU.A large element of the role is transformation of the function, from operating model changes to a new technology infrastructure to reduce risk, create efficiency and improve service delivery. The role will need to drive the transformation whilst remaining focused on BAU so as to not compromise on service.Why this role is important to usThe team you will be leading plays an important role in the overall success of State Street. 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.With our FX solutions, investors can access a wide range of markets and jurisdictions using our decision-making and strategy planning tools, diverse funding options and trading strategies. We deliver sophisticated avenues to tap into new sources of liquidity, capitalize on market opportunities and transact efficiently in any market environment. We have a range of solutions from various high- to low-touch principal execution methods, and outsourced agency hedging and execution solutions through our currency management offering.What you will be responsible forAs Asst Vice President you willManage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle.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.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 strong 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 STPSupport applicable Change the Bank and Run the Bank Projects impacting the team, from inception; providing SME support, testing and monitoring into Production.Accountable for a strong 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.Process : Foreign Exchange Confirmations & SettlementsShifts (in IST) : EMEA - 3pm to 12amLocation : Mumbai /Hyderabad /BangalorePersona : 4 days Work from OfficeDue to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.What we valueThese skills will help you succeed in this roleStrong risk mitigation, problem solving, and decision making skillsAbility to think critically and resolve complex problemsDrive automation initiatives to improve operational efficiencyStay updated on industry regulations and best practices related to FX Confirmation, Settlement operations.      What You'll Bring To The RoleFront-to-back knowledge of the FX Confirmation, Settlement, systems, markets and instrumentsHands-on experience in managing Interbank, Corporate, CLS, CLS_NET settlementsWorking knowledge in Settlement/Payment department & understand payment life cycleFamiliarity with systems such as ION, GTSS, Bloomberg, FXALL, SWIFT and MisysEducation & Preferred QualificationsGraduate and above preferably in FinanceB.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or CommerceGood knowledge in Back-office confirmations and settlementKnowledge of Global Markets, custody, cash management and payment systemsGood Communication Skills both written and oral15+ years of experience in Financial Services industryAdditional requirements:Certification on NCFM / CISI (Chartered Institute for Securities & Investment)Knowledge on Macros, SQL & MS Access Database queriesAre 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 f