Derivative Oversight Associate

4 weeks ago


London, Greater London, United Kingdom College of Charleston Full time
Job Title: Derivative Oversight Associate

Purpose of Role:

State Street is enhancing its outsource service provision through client projects by deploying leading-edge technology and services. The company has demonstrated excellent success with major client wins worldwide, including the UK, Europe, South Africa, and the USA. To support the planning, development, and roll-out of the Enterprise project within the Investment Operations arena, State Street requires keen and experienced investment operations business professionals to play a key role in the delivery of a successful solution.

Key Responsibilities:

* Oversight of the offshore ETD team, ensuring all ETD processing is confirmed with the market, marked to market with internal records, margin payments processed, and reconciled to external counterparts.
* Oversight of the offshore team performing internal positions reconciliations against the clearing broker, ensuring resolution of issues.
* Oversight of the offshore team ensuring all mark to market internal system records are completed and resolved.
* Oversight of the offshore team ensuring all internal records are reconciled to external counterparts.
* Production and supply of accurate and timely data to external parties in accordance with procedures.
* Assistance to the manager by providing statistics and Key Performance Indicators for the team.
* Active involvement in the implementation of new processes and the improvement of existing ones.
* Assistance in the deployment of new tranches of Global clients for all ETD aspects, including Clearing Broker, Custodian, and Fund Accounting.

Requirements:

* Minimal knowledge of ETD products and markets, the margining and reconciliation process.
* Strong writing, communication, and presentation skills to audiences of different sizes and levels of seniority.
* PC literate - Word & Excel skills necessary.

Other:

* Business travel domestically and possibly at short notice.
* Flexible working hours may be required.

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