Job Description Summary

Candidate will be responsible for accurately administering domestic and foreign derivatives, including but not limited to swaps and options. This individual resolves data quality issues through interaction with other internal and external parties. The individual acts as a second level resource within assigned business unit to support transactions in accordance to established procedures. This individual performs various daily tasks within the business unit as necessary to support routines. Assists junior staff members with other related duties as required.  Reviews work of junior team members for accuracy and serves as a resource.

 

Job Description

• Administer all derivative trades in investment accounting system and OTC platform accurately and timely.
• Support calculation, confirmation, audits and controls surrounding OTC Derivatives.
• Solid understanding of OTC swaps products is preferred.
• Solid understanding of the swap life cycle is preferred.
• Initiate any related incoming or outgoing payments.
• Complete various position and payment reconciliations.
• Adhere to established operating, risk, and compliance controls and standard operating procedures.
• Elevate area of potential loss/exposure immediately and include supporting documentation.
• Serves as a technical resource to Junior staff.
• Reviews and authorizes cash activity and reconciliations.
• Knowledge of downstream effects and economic impact of the different types of derivatives
• Ability to ply industry knowledge to help other staff members.

Qualifications

• Bachelors Degree with emphasis in accounting, finance or economics preferred.
• Minimum 4+ years related work experience preferred.
• Proven negotiations influencing skills.
• Demonstrated creative problem-solving skills.
• Excellent communications skills including expressing complex ideas and concepts.
• Computer proficient including spreadsheet and database.    Advanced Visual Basic and/or SharePoint experience a plus.

 

Salary Range:

$52,000 - $94,120 Annual

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

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil