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State Street

Holds assets for institutions and runs index funds

Front Office Trading Services Senior Associate

Finance & BankingPosted on Nov 11
Full-timeSeoul, South KoreaNo salary listedIn-person

About the Job

Requirements

  • A degree or equivalent education qualification deemed appropriate in the local market is required.
  • One to three years of financial services industry experience is required; experience in foreign exchange is preferred.
  • Strong client-servicing skills are required.
  • Excellent communication, interpersonal, and relationship skills are required, including the ability to build productive working relationships across teams and functions and foster open communication.
  • Korean and English language skills are required.

Responsibilities

  • Assist Markets foreign exchange Sales and Trading with trade support, including booking, cancelling, modifying, and rebooking trades.
  • Process non-deliverable forward fixing and position clearing.
  • Reconcile sales profit and loss reporting and consolidate profit and loss.
  • Maintain working relationships and liaise with internal and external counterparts, including Sales, Trading, Legal, Compliance, Operations, Technology, and Business Architecture.
  • Monitor Markets trading systems, address and resolve issues, and escalate appropriately.
  • Perform daily valuation of Korea Monetary Stabilization Bonds and book related trades.
  • Participate in projects requiring Front Office Trading Services expertise, including testing and future support.
  • Understand manual and exceptional foreign exchange desk processes and work with Information Technology, Credit and Compliance, Operations, and Business Analysis teams to improve process inefficiencies.
  • Review and implement controls where applicable to reduce risk.
  • Participate in user acceptance testing driven by regulatory changes, system upgrades, or compliance- or legal-related requirement changes.
  • Produce reporting for internal and external use.

Desired Qualifications

  • Client-facing experience is desirable.
  • Experience in foreign exchange is preferred.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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