Derivatives, Associate

Who We Are Looking For

A Derivative Operations Specialist, Associate 2 is responsible for accurately posting domestic and foreign derivatives, including (but not limited to) Future, Options and collateral transactions to our Custody and Accounting systems. This individual resolves data quality issues through interaction with accounting and client service groups in North America and Europe. The individual acts as a first level resource within assigned business unit to process transactions in accordance to established procedures.

This individual performs various daily tasks within the business unit as necessary to support processing routines. Assists with other related duties as required. Reviews work for accuracy and serves as a resource.

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

• Reconcile daily futures margin calculation to the total position by contract type and unrealized gain/loss to the broker statement or faxed/transmitted instructions for specified funds.
• Elevate areas of potential loss/exposure immediately and include supporting documentation.
• Reviews and authorizes cash activity and reconciliations.
• Process all derivative trades accurately and timely. This includes, but is not limited to, futures, options, cash and security collateral, segregation of collateral.
• Initiate any related incoming or outgoing payments.
• Complete month-end reconciliations.
• Adhere to established operating, risk, and compliance controls and standard operating procedures.
• Knowledge of downstream effects and economic impact of the different types of derivatives.
• Ability to apply industry knowledge to help other staff members.

• Knowledge of downstream effects and economic impact of the different types of derivatives.

• Bachelor’s degree or its equivalent with business related coursework.
• Knowledge of financial securities markets, language and products as well as legal and regulatory requirements.
• Strong working knowledge of MS Office applications, and spreadsheet proficiency. VBA skills preferred.
• Strong analytical and organizational skills.
• Ability to prioritize assignments under tight deadlines.
• Strong interpersonal and communication skills in both verbal and written forms.

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…