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Who we are looking for: Associate/ Senior Associate within the OTC trade processing North America 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. Candidate should possess the ability to learn new skills, embrace change and communicate effectively. Effective communication, Accuracy, timeliness and delivery of client service are imperative in this position. Why this role is important to us: The team you will be joining is a part of Global Derivatives COE (center of excellence) within Global Process delivery unit of State Street. Derivatives COE has processes across the globe and Bangalore office is responsible for key process deliverables for North America region. These processes are well integrated with several other COEs that span the technology, middle and back-office requirements. Join us if making your mark in the Derivatives COE from day one is a challenge you are up for. What you will be responsible for: As Associate / Senior Associate you will:
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
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. What we value: 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 Data & Analysis - Posesses 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 Highly organised Ability to work under pressure and to tight deadlines Excellent attention to detail Ability to meet deadlines and possess strong problem solving and resolution skills. Detailed oriented individual capable of performing in a high pace environment Ability to work independently as well as a team player Education & Preferred Qualifications: Bachelor degree or above 2+ Experience in financial services and/or a back-office operations environment. Derivatives trade processing related experience is a must Strong Excel and MS Access skills would be an added advantage Additional requirements: Flexibility with shifts 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 we're making our mark on the financial services industry. For more than two centuries, we've 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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
