Who we are looking for

Derivatives Specialist, Associate 2 will be responsible for accurately handling OTC derivatives, including (but not limited to) CFD, Credit Default Swap, Interest Rate Swap, Basket Swap, Total Return Swap, Options and cash transactions to our Custody and Accounting systems. This individual will resolve data quality issues through interaction with other processing teams, client service and brokers. The candidate will act as a first level resource within assigned business unit to process transactions in accordance to established procedures. The individual will perform various daily tasks within the business unit as necessary to support processing routines and assist with other related duties as required. 

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 Derivatives Operations Specialist, Associate 2 you will

• Carry out core and complex processing activities in accordance with established procedures

• Perform daily process checks and provide support within the deadlines

• Ensure all transactions are booked within various systems and communicated third parties.

• Ability to multitask, ensure accuracy and execute against pre-determined deadlines

• Offer suggestions for updating, standardizing and improving the process where possible

• Acts as a resource within the assigned business unit to resolve complex or non-routine processing related questions/issues with a sense of urgency

• Identifies and takes ownership of issues. Ensures problem resolution is well-documented and communicated to the appropriate parties.

• Assists team with creating, updating and maintaining procedures.

• Accountable for quality, accuracy and timeliness of results

• Train staff on principles of the process

• Adhere to established operating risk, and compliance controls and standard operating procedures.

• Act in accordance with Risk Excellence

• Ability to apply industry knowledge to help other staff members.

• Perform related duties as assigned.

What we value

These skills will help you succeed in this role:

• Attention to details, strong analytical and problem-solving skills

• Strong interpersonal and communication skills in both verbal and written forms.

• Advanced PC skills including MS Office applications (MS Excel mostly)

• Ability to work with tight deadlines

• Ability to collaborate and teamwork, organizational skills

• Self-motivated and proactive

Education & Preferred Qualifications

• Excellent numerical and analytical abilities.

• Working knowledge of software packages particularly Microsoft Excel

• Business related degree

• Preferred but not essential: Minimum 2 year of related work experience in custody, fund accounting, derivatives and/or experience in an financial/analytical environment

• Knowledge of financial securities markets and understanding of OTC products and their lifecycle would be an asset