Financing Solutions, Prime Services Associate 2

• Job Description Summary

The SF Prime Services Operations is responsible for facilitating the movement of securities (both stock loans and borrows, as well as collateral) on behalf of Prime Services with respect to all its counterparties (both Prime borrowers and supply lenders). Service Provider will monitor loans, borrows, returns, recalls and settlement of transactions, as well as endeavoring that collateral is appropriately managed on a daily basis

• Job Description
• Will be a part of State Street Global Markets Securities Finance Team, ensuring all trades are matched and instructed with market guidelines.

• Support Daily activities include loan and loan return processing, mark to market reconciliations, executing cash movements, monitoring and resolving failing returns and process exceptions throughout the day. Inclusive of posting transactions and/or providing direction and oversight

• Support daily collateral margin process, coordinating instructions to deliver/receive collateral with brokers and reconciles daily net cash movements for Fed and DTC transactions.

• Confirms end of day re-pricing and money movements with brokers and reconciles net cash collateral activity in a timely manner. 

• Ensure daily EOD balancing, ensuring market activity is correctly reflected in the firm’s books and records (DML). Providing review and sign-off as needed

• Assist in driving various firm and team initiatives including Operational Efficiencies and Controls, improving the management of risk and ensuring procedures are maintained

• Establish and monitor an effective oversight framework ensuring that work is completed ‘on-time’ or issues are identified & escalated in a timely fashion.

• Develop effective working relationships with all staff – both junior and senior

• Demonstrate ‘Risk Excellence’ culture in your behavior and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.

Establish and nurture a culture of individual and collective ownership at the ‘captive’ giving all staff a clear sense of both responsibility and accountability

About State Street

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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.

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