Who we are looking for

An 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 us

The 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 for

As Asst Vice President you will:

• Manage 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 STP

• Support 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 & Settlements

Shifts (in IST) : US Shift - 7PM to 4AM IST (Non-Negotiable)

Location : Mumbai /Hyderabad /Bangalore

Persona : 4 days Work from Office

Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

What we value

These skills will help you succeed in this role

• Strong risk mitigation, problem solving, and decision making skills

• Ability to think critically and resolve complex problems

• Drive automation initiatives to improve operational efficiency

• Stay updated on industry regulations and best practices related to FX Confirmation, Settlement operations.

What You'll Bring To The Role

• Front-to-back knowledge of the FX Confirmation, Settlement, systems, markets and instruments

• Hands-on experience in managing Interbank, Corporate, CLS, CLS_NET settlements

• Working knowledge in Settlement/Payment department & understand payment life cycle

• Familiarity with systems such as ION, GTSS, Bloomberg, FXALL, SWIFT and Misys

Education & Preferred Qualifications

• Graduate and above preferably in Finance

• B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce

• Good knowledge in Back-office confirmations and settlement

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

• Good Communication Skills both written and oral

• 15+ years of experience in Financial Services industry

Additional requirements:

• Certification on NCFM / CISI (Chartered Institute for Securities & Investment)

• Knowledge on Macros, SQL & MS Access Database queries

Are 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 fit.

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 State Street.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.

Why State Street Markets

State Street Markets has been recognized with eight awards at the 2025 Euromoney Foreign Exchange Awards, which is a powerful testament to our leadership, innovation, and client-first mindset in the global FX market.

We were honored across eight prestigious categories, including:

• World’s Best Bank for Real Money Clients

• World’s Best Bank for Client Service

• World’s Best Bank for FX Research

• World’s Best FX Venue for Real Money Clients – (FX Connect®)

• World’s Best FX Solution for Real Money Clients – (LINK)

• World’s Best Solution for Data Management – (BestX®)

• World’s Best Provider of TCA Solutions – (BestX®)

• World’s Best New FX Platform – (Best XecutorSM)

Discover more information on jobs at StateStreet.com/careers | Read our CEO Statement |

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

Read our CEO Statement