Alpha Services Derivatives, Senior Associate

Who we are looking for

The candidate will be responsible for accurately administering domestic and foreign derivatives, including but not limited to swaps and options. This individual resolves data quality issues through interaction with other internal and external parties. The individual acts as a second-level resource within assigned business unit to support transactions in accordance to established procedures.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration, and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity, and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Alpha Services, Senior Associate - Derivatives you will

• Ensures that processing exceptions are resolved on a timely basis, are well documented and are communicated to appropriate parties.
• Monitors compliance with established controls and procedures and implements controls to eliminate losses.
• Validates service expectations, communicates status, and establishes areas for improvement.
• Maintains effective working relationships with clients, other departments, trading areas, brokers, and service providers.
• Works with various internal business groups to develop system enhancements into daily operations.
• Interviews, evaluates, hires, and manages performance with responsibility for training, along with recommendations for performance planning, promotions, and terminations.
• Communicates and manages department goals and performance targets, and makes suggestions for enhancements to operational processes to more effectively meet client needs.
• Assists with client presentations on derivatives operations.

What we value

These skills will help you succeed in this role

• Strong communication, organizational, interpersonal, planning, and analytical skills.
• Excellent client communication and presentation skills in both verbal and written forms.
• Excellent organizational skills with the ability to prioritize assignments under tight deadlines.
• Excellent leadership and motivational skills.

Education & Preferred Qualifications

• Bachelor’s Degree or equivalent with business-related coursework.
• At least 2-3 years’ related financial industry experience.
• Knowledge of financial securities markets, language, and products as well as legal and regulatory requirements. Hands-on experience within OTC derivatives is preferred.
• Solid understanding of operational functions within custody and/or fund accounting and the depository platforms.
• Demonstrated experience in identifying and resolving client service issues.
• Computer proficient including working knowledge of desktop software applications including MS Office applications.
• Ability to provide technical expertise to revolve daily problems.
• Ability to develop business relationships within and outside of organization.

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.

Salary Range:

$58,240 - $83,200 Annual

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

For further information, and to apply, please visit our website via the “Apply” button below.