Full-Time

Derivative Operations Manager

Assistant Vice President

Updated on 12/5/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$85k - $141.3kAnnually

Senior

Company Historically Provides H1B Sponsorship

Irvine, CA, USA

Category
Risk Management
Sales & Trading
Finance & Banking
Requirements
  • Bachelor’s Degree in Finance/Economics, Master’s degree or CFA a plus.
  • Seven or more years of comparable work experience, with experience in the financial services industry preferred.
  • Strong oral and written communication, leadership, and team building skills.
  • Training and experience in managing people, including managers, to accomplish organizational goals and objectives.
  • Working knowledge of accounting, custody, and depository platforms.
  • Working knowledge of Derivatives products.
  • Demonstrated client communication and presentation skills.
  • Ability to effectively bring individuals from multiple areas together to resolve identified issues.
  • Deep understanding of settlement process.
  • Deep understanding of trade lifecycle events especially for the Derivatives instruments.
  • Computer proficient including working knowledge of desktop software applications including MS Office, Bloomberg, Recon tool including TriOptima, Markit/DTCC DerivServ.
Responsibilities
  • Demonstrates integrity when managing client expectations according to the SLA’s.
  • Ensures timely trade and payment processing with sense of urgency.
  • Ensures that processing exceptions are resolved on a timely basis, are well documented and are communicated to appropriate parties.
  • Monitors compliance with established controls and procedures and implements controls to eliminate losses.
  • Oversees the efficiency of the daily operations. Ensures adequate backup through cross training.
  • Validates service expectations, communicates status and establishes areas for improvement.
  • Maintains effective working relationships with clients, other departments, trading areas, brokers and service providers.
  • Maintain solid understanding of client SLA’s and services provided to meet SLA guidelines on a consistent basis.
  • Work with other groups within to develop system enhancements into daily operations.
  • Monitor workflow to ensure the department is operating efficiently.
  • Interview, evaluate, hire, and manage performance, train, terminate and promote staff.
  • Communicates and manages department goals and performance targets, and makes suggestions for enhancements to operational processes to more effectively meet client needs.
  • Assist with client presentations on derivatives operations.
  • Keep up to date with Industry Initiatives.

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing benefits State Street's asset management division.
  • Digital asset custody solutions present expansion opportunities for State Street.
  • The rise of ETFs offers growth potential for State Street's offerings.

What critics are saying

  • Increased competition from fintechs could erode State Street's market share.
  • Integration challenges may arise from the Charles River Development acquisition.

What makes State Street unique

  • State Street offers a unique front-to-back client servicing platform.
  • The company integrates ESG factors into its asset management processes.
  • State Street's commitment to diversity and inclusion sets it apart in the industry.

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