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Derivative Swap Specialist, Associate 2

Company: State Street Corporation
Location: Quincy
Posted on: May 24, 2023

Job Description:

Job Description

Who we are looking for

This position, within the North America Derivatives Center of Excellence located in Quincy, will be responsible for overseeing the day to day operations of derivatives trades and life cycle transactions. The candidate should have a background with strong critical thinking skills and an ability to meet aggressive deadlines in high volume work environment are essential. An understanding of servicing swap trades, fixed income securities, and equity securities would be a plus.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need talented individuals that are up for the challenge of learning how swap trades play a role in financial services and fund accounting. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for:

As a Derivative Swap Specialist, Associate 2, you will be

  • Performing daily maintenance and record keeping for Derivative Swap Trades held in various Mutual Fund and other Structured portfolios for various SSC clients.
  • Processing new Swap trades and trade settlements on accounting records.
  • Reconcile and research position, interest accruals, and other variances.
  • Review of your own work to ensure accurate processing.
  • Preparing standard and ad hoc reporting for both internal and external customers.
  • The individual will work closely with AMS, Client Operations, etc. to resolve issues and provide timely answers to inquiries.
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Other tasks as needed.

    What we value

    These skills will help you succeed in this role
    • Strong critical thinking, problem solving, and decision making skills
    • Strong interpersonal skills and ethical decision making
    • Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams
    • Strong working knowledge of MS Office applications, especially excel
    • Ability to prioritize assignments under tight deadlines
      Education & Preferred Qualifications
      • Experience in accounting, finance, mutual fund operations, Derivatives or related careers (preferred).
      • Bachelors degree

        About State Street

        What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

        Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

        Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

        State Street is an equal opportunity and affirmative action employer.

        Discover more at StateStreet.com/careers

        Salary Range:
        $41,600 - $60,320 Annual

        The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Keywords: State Street Corporation, Quincy , Derivative Swap Specialist, Associate 2, Other , Quincy, Massachusetts

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