Equity Swap Operations Analyst-Senior Associate

Who we are looking for

An experienced individual for our Equity Swap Operations team is responsible for day-to-day BAU processing for Equity Swaps in line with the Operating model, internal SLAs and control frameworks.  We are looking for a highly motivated individual to join SST Markets Operations’ Financing Solutions business. Financing Solutions contains three key business lines – Agency Lending, Secured Financing and Prime Services. Our fast-growing Prime Services group is searching for an Operations Specialist, who would be responsible for driving the day-to-day support of the Equity Swaps product. Prime Services is an alternative to prime brokerage and is the only platform that allows clients to borrow stock and finance from a segregated custody account. State Street’s Prime Services solution can reduce counterparty risk, offer additional transparency and provide more control over assets. Clients can also engage in self-borrowing and self-financing from their own long positions from custody accounts. This approach provides a more efficient and cost-effective way to manage long/short portfolios. To meet client demand for synthetic market access globally, Prime Services are expanding their product offering to include Equity Swaps: a market standard Portfolio swap and a flexible Total Return Swap to suit client requirements. Individual who has previously worked in an Operations/Middle Office role would be an added advantage. The candidate will have regular interaction with internal and external customers and the Front Office.

A successful candidate should have a good working knowledge of the Equity Swaps flow particularly in one or more of the following: Trade Processing and exception management, Corporate Actions, Trade and Cash Settlement, Confirmations, Middle Office, Reconciliation.

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 Analyst-Senior Associate you will

• Execute pre‑trade and post‑trade operational activities for Equity Swaps

  
  

• Support trade booking, allocations, and lifecycle event processing (resets, dividends, fees)

  
  

• Assist with daily swap cashflow processing and settlements

  
  

• Perform reconciliations (trade, position, cash) and investigate breaks

  
  

• Support treasury funding checks and cash balance monitoring

  
  

• Maintain static data, client setup, and SSI records

  
  

• Perform daily control checks, checklists, and SLA sign‑offs

  
  

• Respond to internal stakeholder queries and escalate issues promptly

  
  

• Adhere strictly to risk, control, and documentation standards

  
  

What we value

These skills will help you succeed in this role

• Strong attention to detail and control mindset.

  
  

• Basic understanding of capital markets or derivatives concepts.

  
  

• Analytical skills to investigate and resolve operations exceptions

  
  

• Risk mitigation, problem solving, and decision – making skills.

  
  

• Strong communication (written and verbal), interpersonal, organizational, and time management skills

  
  

• Ability to work effectively in time-sensitive BAU environments

  
  

• Ability to think critically and resolve complex problems

  
  

• Drive automation initiatives to improve operational efficiency

  
  

• Stay updated on best practices for Equity Swap Operations.

  
  

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

• Graduate and above preferably in Finance, Accounting, Economics, Commerce, or related discipline

  
  

• Good knowledge in Back-office payment and trade & cash settlement.

  
  

• Knowledge of Global Markets, cash management and payment systems.

  
  

• Good communication skills both written and oral.

  
  

• 4 to 7 years of experience in Financial Services industry with minimum of 2 years of experience in Operations or Middle office role.

  
  

Additional requirements

• Knowledge of Macros, SQL & MS Access Database queries will be an added advantage.

  
  

• Shift Timings: 7pm to 4 am IST (NA Shift )

  
  

• 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

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.

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