Full-Time

Derivatives – Senior Associate

Posted on 9/19/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$50k - $83.8kAnnually

Mid, Senior

Company Historically Provides H1B Sponsorship

Irvine, CA, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelors Degree with emphasis in accounting, finance or economics preferred.
  • Minimum 4+ years related work experience preferred.
  • Proven negotiations influencing skills.
  • Demonstrated creative problem-solving skills.
  • Excellent communications skills including expressing complex ideas and concepts.
  • Computer proficient including spreadsheet and database. Advanced Visual Basic and/or SharePoint experience a plus.
Responsibilities
  • Administer all derivative trades in investment accounting system and OTC platform accurately and timely.
  • Support calculation, confirmation, audits and controls surrounding OTC Derivatives.
  • Initiate any related incoming or outgoing payments.
  • Complete various position and payment reconciliations.
  • Adhere to established operating, risk, and compliance controls and standard operating procedures.
  • Elevate area of potential loss/exposure immediately and include supporting documentation.
  • Serves as a technical resource to Junior staff.
  • Reviews and authorizes cash activity and reconciliations.
  • Knowledge of downstream effects and economic impact of the different types of derivatives.
  • Ability to ply industry knowledge to help other staff members.

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

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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