State Street
Financial Services
MiddleOffice,Associate2
“Middle Office, Associate 2 at State Street. Skills: Intersystem reconciliation of trades, Resolution of breaks between Front Office / Middle Office and Back Office Systems, Trade capture & trade amendments, Trade affirmation & confirmation, Trade pricing & NAV calculations, Trade reconciliation. Ensuring accurate Intersystem reconciliation of trades and resolution of breaks between Front Office / Middle Office and Back Office Systems. Process trades”
What You'll Achieve.
Ensuring accurate Intersystem reconciliation of trades and resolution of breaks between Front Office / Middle Office and Back Office Systems; Review positions and P&L with client; Preform business unit acceptance testing on new system application enhancements to insure the integrity of client data
Industry & Context.
Resolution of trade breaks with client and counterparties; Resolve fail with prime broker and counterparties; Identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Flexible to work in Night shift
What They're Looking For.
Must Have
2+ years of relevant experience, Bachelor’s degree, Excellent computer skills, Superior communication skills, Ability to work in a fast paced, demanding environment, Excellent team player
Nice to Have
General knowledge of OTC, Repo, Equity, Securities & other derivative products, Flexible to work in Night shift
What You'll Do.
Ensuring accurate Intersystem reconciliation of trades and resolution of breaks between Front Office / Middle Office and Back Office Systems
Confirmation of client trades by phone
fax or electronic mail
Interact on a daily basis with prime brokers and client counterparties
Resolution of trade breaks with client and counterparties
Resolve fail with prime broker and counterparties
Process client trademan files via excel
Run end of day pricing reports and lock downs
Review positions and P&L with client
Run end of day management reports
Identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Experienced in middle office function
trade capture & trade amendments in products such as equities
Repo and the related OTC derivative products
Experienced in trade affirmation
trade confirmation of generic equities
foreign exchange and the related OTC derivative products
Conceptual understanding of Trade pricing
NAV calculations & trade reconciliation
Interact on a daily basis with clients
prime brokers and client counterparties
Review and approve trade amendments
Provide input into improvements
reviews and changes to policies and procedures for the team
Support planning and management of team training requirements
Preform business unit acceptance testing on new system application enhancements to insure the integrity of client data
Train new associates & supervise
Run end of day management reports
Review associates’ end of day process and check lists
How You'll Work.
Team & Collaboration
Interact on a daily basis with prime brokers and client counterparties; Interact on a daily basis with clients, prime brokers and client counterparties; Train new associates & supervise; Review associates’ end of day process and check lists
Communication Scope
Superior communication skills; Confirmation of client trades by phone, fax or electronic mail
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