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Derivatives, Senior Assoicate
Derivatives, Senior Assoicate-August 2024
Sacramento
Aug 12, 2026
ABOUT STATE STREET
State Street is a leading provider of financial services to institutional investors around the world.
10,000+ employees
Consulting, Financial Services
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About Derivatives, Senior Assoicate

  Responsibilities & Tasks Include:

  Ensure team carries out basic and complex trade processing and valuation functions in accordance with established procedures.Ensuring the accuracy and timeliness of the team's deliverablesPlan and manage the daily operations of the teamBe accountable for all aspects of resources planning including succession planning, staff development and staff retention initiatives; promote cross training, resource sharing and job rotation across teams/departments; participate in the recruitment processPlan and manage resources to ensure that all deliverables are completed in an accurate and timely manner;Ensure that process procedures applicable to the team are understood and applied by all team members;Constantly review and refine the operational process; drive the implementation of operational efficiencies and re-engineering initiatives.Take ownership of resolution of queries with internal teams, clients, vendors, counterparties etc. to ensure top notch serviceAnswer and own complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed.Manage new business transitions or business migration activities and ensure proper implementation within the team;Build relationship with internal & external clients; foster this culture within the teamCoach and offer help to less experienced staffWork closely with inter-departmental contacts to ensure that the required deliverables are delivered with high qualityIdentify risk issues, breaches and act in accordance with the 'risk' escalation chain and operating proceduresResolution of queries with internal teams, clients, vendors, counterparties etc.Be accountable for assigned tasks and deadline for self and for the teamBe accountable for staff on-boarding, leave planning and turnover of the teamFoster an environment of learning and team work.Ability to prepare efficient work allocation for all team membersActively participate in the corporate, systems, internal and statutory audit to resolve the audit queriesOwn issues and drive solutions. Understand the client requirements and be able to direct the team to create KPIs / reportsDocumentation - Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the teamUnderstand the end to end process and be able to seek support to clear out inter process upstream / downstream dependencies. Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls

  Job Requirements:

  Education and Experience

  Bachelor degree or above3+ years experience in financial services and/or a back-office operations environment.Strong Excel skills would be an added advantageStrong knowledge of financial concepts (Derivatives and Regulation)

  Skills/ Knowledge

  Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.Drive process improvement initiatives and changes based on business strategy requirements and educate team on exception processingAccumulate, retain and use knowledge of OTC derivatives associated with process.Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivativesExpert knowledge of Internal Systems, MS office (excel, word) and good working knowledge of MS PowerPoint. Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantageData & Analysis - Possesses strong attention to detail. Demonstrate good analytical skills in resolving the team issues and facilitates decision makingAbility to manage time and work well in a fast paced, high-volume atmosphere; prioritize effectivelySupport the team management managing BAUs and projects.Lead and support the Learning and Development initiatives for the team and demonstrate complete ownership.Highly organizedExcellent attention to detailAbility to meet deadlines and possess strong problem solving and resolution skills.Detailed oriented individual capable of performing in a high pace environmentAbility to work independently as well as a team playerStrong written and verbal communication skillsStrong problem resolution skills

  Salary Range:

  $52,000 - $75,400 Annual

  The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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