State Street
Financial Services
Associé/eprincipal,MiddleOffice/SeniorAssociate,MiddleOffice
“Associé/e principal, Middle Office/ Senior Associate, Middle Office at State Street. Skills: Middle Office Operations, Derivative Operations, Trade Settlements, Reconciliation, Confirmation, Collateral Management. Manage trade settlements, reconciliation, and confirmation for derivative products such as swaps, futures, and options. Review of ISDA and CSA agreement for Bi-lateral contracts”
What You'll Achieve.
direct accountability on business, client and risk metrics (including losses); Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations; Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels
Industry & Context.
Ability to provide technical expertise to resolve daily problems; Break resolution and query management
Open to work in North American shift hours
What They're Looking For.
Must Have
Minimum 2 years experience in middle office operations, English written and spoken ability is mandatory to cover international clients
Nice to Have
Knowledge of Aladdin platform is desirable, Understanding of operational functions within middle office operations, Ability to provide technical expertise to resolve daily problems, Should have worked directly with clients and counterparties in a global context, Should have experience of end to end ownership of operations, with direct accountability on business, client and risk metrics (including losses), Should have worked with Risk, Technology, Automation and Change groups to drive BAU and transformation at scale, Being comfortable with ambiguity and the ability to work well with teams, across multiple functions and geographies, Proven ability to generate innovation ideas, and implementing them, Ability to work within a collaborative environment to achieve results, Open to work in North American shift hours
What You'll Do.
Manage trade settlements
and confirmation for derivative products such as swaps
Review of ISDA and CSA agreement for Bi-lateral contracts
Confirmation/Affirmation of new trades and confirmation of upfront and term payments with Counterparties
Monitoring of DTCC for Credit Events and Credit Event Processing
Processing of OTC Coupon Resets and CDS Rolls
OTC Reconciliations via Trioptima
Break resolution and query management
Be responsible for the full post trade and life cycle management of all bilaterally traded and Cleared traded OTC and ETD derivatives
Trade Confirmation / affirmation of trades and submission to clearing
Reconciling internal records with counterparties and clearing houses
resolving breaks and discrepancies
Processing trade lifecycle events such as resets
exercising and Roll overs
Trade Confirmation/affirmation of trades
including clearing status monitoring Pre & Post Initial margin management
Collateral management of preparing estimates and dispute reconciliations
Monitoring & notification of income and corporate events
Managing the collateral shorts and substitution process
OTC Clearing and ETD IM and VM margin reconciliation and processing
Reconciliation of trade and positions of Futures contracts with Clearing Broker to ensure Executing Broker and Clearing broker books are in line with SS Books
How You'll Work.
Team & Collaboration
Worked with Risk, Technology, Automation and Change groups; Ability to work well with teams, across multiple functions and geographies; Ability to work within a collaborative environment to achieve results
Communication Scope
English written and spoken ability is mandatory to cover international clients; Manage Execution & Effective Communication
Process & Methodology
Manage Execution & Effective Communication, Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods
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