Full-Time

Derivative Operations Manager

Assistant Vice President

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$85k - $152.5kAnnually

Senior, Expert

Company Historically Provides H1B Sponsorship

Irvine, CA, USA

Category
Asset Management
Risk Management
Sales & Trading
Finance & Banking
Required Skills
Bloomberg

You match the following State Street's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
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.
Desired Qualifications
  • Master’s degree or CFA a plus.

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

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing boosts State Street's asset management division.
  • Digital asset trends create new opportunities for State Street's custody services.
  • Passive investing growth allows State Street Global Advisors to expand ETF offerings.

What critics are saying

  • Increased competition from BlackRock and Vanguard threatens State Street's market share.
  • Interim CFO appointment may cause instability in financial leadership.
  • Investments in volatile biotech stocks expose State Street to financial risk.

What makes State Street unique

  • State Street excels in integrating ESG factors into investment strategies.
  • The company is a leader in secure digital asset custody services.
  • State Street leverages advanced data analytics to enhance financial services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus