Derivatives, Senior Associate

Responsibilities & Tasks Include:

• Ensure team carries out daily trade processing and valuation functions in accordance with established procedures with accuracy and timeliness
• Plan and manage the daily operations of the team
• Be accountable for all aspects of resources planning including succession planning, staff development and staff retention initiatives; promote cross training, resource sharing and job rotation across teams/departments; participate in the recruitment process
• Ensure that process procedures applicable to the team are understood and applied by all team members
• Constantly review and refine the operational process; drive the implementation of operational efficiencies and re-engineering initiatives
• Take ownership of resolution of queries with internal teams, clients, vendors, counterparties etc.
• Manage new business transitions or business migration activities and ensure proper implementation within the team
• Build relationship with internal & external clients; foster this culture within the team
• Coach and offer help to less experienced staff
• Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality
• Identify risk issues and act in accordance with the 'risk' escalation chain and operating procedures
• Be accountable for staff on-boarding, leave planning and turnover of the team
• Foster an environment of learning and team work
• Actively participate in the corporate, systems, internal, and statutory audit to resolve the audit queries
• Own issues and drive solutions. Understand the client requirements and be able to direct the team to create KPIs / reports
• Documentation – Be able to review and correct the process documentation such as process flows and Standard Operating procedures (SOPs)
• Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls

Education and Experience

• Bachelor degree or above
• 3+ years experience in financial services and/or a back-office operations environment.
• Strong Excel skills
• Strong knowledge of financial concepts (Derivatives and Regulation)

Skills/ Knowledge

• Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.
• Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivatives
• Expert knowledge of Internal Systems, MS office (excel, word) and good working knowledge of MS PowerPoint. Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantage
• Demonstrate strong attention to detail and analytical skills
• Capable of resolving team issues and facilitating decision making
• Ability to manage time and work well in a fast paced, high volume atmosphere; prioritize effectively
• Detail oriented individual capable of performing in a high pace environment
• Ability to work independently as well as a team player
• Strong written and verbal communication skills

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 StateStreet.com/careers

Salary Range:

$50,000 - $83,750 Annual

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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