State Street
MiddleOfficeSeniorAssociate
“Middle Office - Senior Associate at State Street. Skills: Middle Office operations, derivative products, trade settlements, reconciliation, confirmation, collateral management, life cycle management, client interaction, counterparty interaction. 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)
Industry & Context.
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
Overall 3-10 years experience in middle office operations, 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, Ability to work within a collaborative environment to achieve results, Open to work in North American shift hours
Nice to Have
Knowledge of Aladdin platform is desirable
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
Tradeserv and Tradeweb monitoring to ensure timely confirmations
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
work well with teams, across multiple functions and geographies; work within a collaborative environment to achieve results; worked with Risk, Technology, Automation and Change groups to drive BAU and transformation at scale
Communication Scope
Effective Communication
Process & Methodology
effective plans, clear priorities
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