State Street India
State Street India | Derivatives - Senior Associate
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Job Highlights
Responsibilities
- § Understand the client requirements and guide the team towards efficiently managing its deliverables
- The Senior Associate within the OTC trade processing team in Global Process Delivery, focusses on ensuring the accuracy of the OTC trades and valuation.
- The role involves interaction with various units locally and overseas.
- The Senior Associate should possess the ability to learn new skills, embrace change and communicate effectively.
- The candidate is expected to be flexible with shifts.
- Job Location: Bangalore, Coimbatore, Pune & Mumbai.
- § Carry out basic and complex trade processing and valuation functions in accordance with established procedures.
- § Processing Trades sent by clients to OTC Hub and MCH.
- § Reviewing/auditing trades processed by other team members to ensure accuracy.
- § Ensure OTC valuation team receives proper information to value OTC positions.
- § Ensuring compliance with standard operating procedures and write new procedures where required.
- § Train new employees until they are prepared to handle function without oversight.
- § Respond to internal queries from Accounting or Client Service teams.
- § Respond to reconciliation breaks from internal recon teams regarding cash or position breaks.
- § Resolution of queries with internal teams, clients, vendors, counterparties etc.
- § Answer and handle complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.
- § Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality.
- § Identify risk issues, breaches and act in accordance with the 'risk' escalation chain and operating procedures.
- § Be accountable for assigned tasks and deadline.
- § Work closely with the Team Leader and bring issues that require management attention on a timely manner.
- § Support the business to offer great quality client service and ensure that the assigned deliverables are planned and delivered efficiently.
- § Be accountable for assigned tasks and deadline for self and for the team.
- Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed.
- Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the team.
- § Understand the end-to-end process and be able to seek support to clear out inter process upstream / downstream dependencies.
Requirements
- Effective communication, Accuracy, timeliness and delivery of client service are imperative in this position.
- Experience in financial services and/or a back-office operations environment.
- § Derivatives trade processing related experience is a must.
- § Strong MS Office skills would be an added advantage.
- § Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.
- § Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivatives.
- Expert 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 advantage.
- Strong mathematical and analytical skills essential.
- Possesses strong attention to detail. Demonstrate good analytical skills in resolving the team issues and facilitates decision making.
- Knowledge of derivative instruments (OTC in specific) is a must.
- § Ability to work under pressure and to tight deadlines.
- § Ability to meet deadlines and possess strong problem solving and resolution skills.
- § Ability to work independently as well as a team player.
- § Good understanding of financial services and investment products.
- § Strong PC skills, specifically Excel skills (Intermediate).
- § Strong written and verbal communication skills.
- § Ability to prioritize multiple responsibilities to meet internal and industry deadlines.
- § Ability to work well in a fast paced, high-volume atmosphere.
- § Should possess good time management skills.
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
