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

  • Increased ESG investing aligns with State Street's diversity and inclusion commitment.
  • Digital assets and cryptocurrencies offer growth opportunities for State Street's custody services.
  • The rise of passive investing and ETFs expands opportunities for State Street Global Advisors.

What critics are saying

  • Intensifying competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Regulatory scrutiny could increase compliance costs for State Street globally.
  • Technological advancements in fintech pose a threat to State Street's traditional banking model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to innovation and inclusive leadership in financial services.
  • State Street Global Advisors offers tailored investment solutions to meet diverse client needs.

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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