Full-Time

Derivatives

Associate 2

Posted on 2/20/2025

State Street

State Street

10,001+ employees

Asset management and custody banking services

Compensation Overview

$41.6k - $66.6kAnnually

Mid, Senior

Company Historically Provides H1B Sponsorship

Sacramento, CA, USA + 1 more

More locations: Quincy, MA, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Excel/Numbers/Sheets
Requirements
  • Bachelor degree or above
  • 3+ years experience in financial services and/or a back-office operations environment
  • Strong Excel skills would be an added advantage
  • Strong knowledge of financial concepts (Derivatives and Regulation)
Responsibilities
  • Ensure team carries out basic and complex trade processing and valuation functions in accordance with established procedures.
  • Ensuring the accuracy and timeliness of the team’s deliverables.
  • Plan and manage the daily operations of the team.
  • Be accountable for all aspects of resources planning including succession planning, staff development and staff retention initiatives; promote cross training, resource sharing and job rotation across teams/departments; participate in the recruitment process.
  • Plan and manage resources to ensure that all deliverables are completed in an accurate and timely manner.
  • Ensure that process procedures applicable to the team are understood and applied by all team members.
  • Constantly review and refine the operational process; drive the implementation of operational efficiencies and re-engineering initiatives.
  • Take ownership of resolution of queries with internal teams, clients, vendors, counterparties etc. to ensure top notch service.
  • Answer and own complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.
  • Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed.
  • Manage new business transitions or business migration activities and ensure proper implementation within the team.
  • Build relationship with internal & external clients; foster this culture within the team.
  • Coach and offer help to less experienced staff.
  • Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality.
  • Identify risk issues, breaches and act in accordance with the 'risk' escalation chain and operating procedures.
  • Resolution of queries with internal teams, clients, vendors, counterparties etc.
  • Be accountable for assigned tasks and deadline for self and for the team.
  • Be accountable for staff on-boarding, leave planning and turnover of the team.
  • Foster an environment of learning and teamwork.
  • Ability to prepare efficient work allocation for all team members.
  • Actively participate in the corporate, systems, internal and statutory audit to resolve the audit queries.
  • Own issues and drive solutions. Understand the client requirements and be able to direct the team to create KPIs / reports.
  • Documentation – Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the team.
  • Understand the end to end process and be able to seek support to clear out inter process upstream / downstream dependencies. Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls.
Desired Qualifications
  • Strong Excel skills would be an added advantage
  • Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantage

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, by leveraging its global network and expertise to deliver customized financial solutions. State Street generates revenue through 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 addresses important social issues.

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for ESG investing boosts State Street's asset management division.
  • Digital asset custody solutions present growth opportunities for State Street.
  • Popularity of ETFs aligns with State Street's index and ETF management offerings.

What critics are saying

  • Leadership instability with interim CFO may affect strategic decisions.
  • Integration challenges from Mizuho acquisition could disrupt service delivery.
  • Increased competition in proxy voting technology may impact market share.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is a leader in integrating ESG factors into investment processes.
  • State Street's commitment to innovation and inclusive leadership sets it apart.

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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

Company News

MarketBeat
Mar 2nd, 2025
Consilium Wealth Advisory LLC Invests $1.09 Million in State Street Co. (NYSE:STT)

Consilium Wealth Advisory LLC invests $1.09 million in State Street Co. (NYSE:STT).

MarketBeat
Mar 1st, 2025
Scotiabank Has Lowered Expectations for Healthpeak Properties (NYSE:DOC) Stock Price

State Street Corp acquired a new stake in Healthpeak Properties in the third quarter worth about $1,093,576,000.

Asset Servicing Times
Feb 28th, 2025
State Street acquires Mizuho's global custody businesses

State Street has partnered with Mizuho Financial group to acquire Mizuho's global custody and related businesses outside of Japan.

FF News
Feb 11th, 2025
Proxymity Secures $26M Funding Boost

Proxymity has secured $26 million in additional growth funding from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, J.P. Morgan, and State Street. This funding supports Proxymity's innovative technology in proxy voting and shareholder communications. The capital will enhance technology and support geographic expansion. Investors express confidence in Proxymity's potential and its impact on transparency and efficiency in investor communications.

MarketScreener
Jan 17th, 2025
State Street Corporation Appoints Mark R. Keating as Interim CFO

State Street Corporation announced on January 14, 2025, the Board of Directors appointed Mark R. Keating as interim CFO, effective upon Eric Aboaf ?

INACTIVE