19 days old

Derivatives Operations Specialist, Associate 2 - Remote

State Street
Kansas City, MO 64105 Work Remotely
  • Job Code

Who we are looking for

Global Operations - Derivatives has an opening for an entry level position performing routine duties to support client investment management operations. The role is primarily overseeing the offshore locations that support the futures and options processing for North America clients. However, there are some tasks still performed onshore including but not limited to processing of futures trades and margins, reconciling futures activity back to broker statements, reconciling options to broker statements and/or investment manager records, reviewing cash reconciling items as it pertains to futures and options products and helping to address inquiries that arise throughout the day from teams outside of the derivatives team. The role will also be responsible for other monthly or quarterly tasks that help to keep the accounting records up to date and as clean as possible.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS tools help our clients make better investment choices and act on growth opportunities.

The team this role is a part of is the onshore oversight team for listed derivative products in North America. We require a strong group of individuals to work along side the offshore partners to ensure accurate and timely processing of derivatives to the accounting book and records. We work directly with many teams across the bank including but not limited to client service teams, accounting teams, audit teams and cash teams. The role will require a fast learner and hard worker to keep up with the fast pace of tasks and responsibilities under our scope.

What you will be responsible for

As Derivatives Operations Specialist, Associate 2 you will

  • Provide oversight support to our HCL teams in India

  • Process accounting for futures trades and margins

  • Research and resolve futures reconciliation breaks

  • Research and resolve Derivative related cash exceptions

  • Respond to inquiries from internal teams such as Accounting, Client Operations, etc.

  • Assist with monthly, quarterly fund maintenance

What we value

These skills will help you succeed in this role

  • Strong critical thinking and problem solving

  • Self-motivated

  • Detail oriented

  • Ability to multi-task and adapt to the needs of the team

  • Strong interpersonal and communication skills

Education & Preferred Qualifications

  • Bachelors degree with emphasis in finance, accounting, or economics, or equivalent work experience. 2-3 years experience

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, were making our mark on the financial services industry. For more than two centuries, weve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. Youll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

COVID-19 Protocols: Complying with State Streets COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.

Posted: 2022-06-17 Expires: 2022-07-16
Sponsored by:
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Sponsored by:
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Derivatives Operations Specialist, Associate 2 - Remote

State Street
Kansas City, MO 64105

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