Associate, Middle Office

State Street•Montreal, QC

5d•Hybrid

About The Position

The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties. Derivative Operations manage the processing and settlement of Derivative transactions on behalf of client and associated clients.

Requirements

Strong English written and spoken ability is mandatory to cover international clients
Client Centric Mindset & Focus - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations
Manage Execution & Effective Communication - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels
Ability and willingness to support middle office operations for clients/markets spread across different global regions.

Nice To Haves

Bachelor’s/Master’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent
Being comfortable with ambiguity and the ability to work well with teams, across multiple functions and geographies
Ability to work within a collaborative environment to achieve results
Open to work in North American shift hours

Responsibilities

Manage trade settlements, reconciliation, and confirmation for derivative products such as swaps, futures, and options
Review of ISDA and CSA agreement for Bi-lateral contracts
Confirmation/Affirmation of new trades and confirmation of upfront and term payments with Counterparties
Markitserv, Tradeserv and Tradeweb monitoring to ensure timely confirmations
Monitoring of DTCC for Credit Events and Credit Event Processing
Processing of OTC Coupon Resets and CDS Rolls
OTC Reconciliations via Trioptima
Break resolution and query management
Be responsible for the full post trade and life cycle management of all bilaterally traded and Cleared traded OTC and ETD derivatives.
Trade Confirmation / affirmation of trades and submission to clearing
Reconciling internal records with counterparties and clearing houses, resolving breaks and discrepancies
Processing trade lifecycle events such as resets, expirations, exercising and Roll overs
Trade Confirmation/affirmation of trades, including clearing status monitoring
Pre & Post Initial margin management
Collateral management of preparing estimates and dispute reconciliations
Monitoring & notification of income and corporate events
Managing the collateral shorts and substitution process
OTC Clearing and ETD IM and VM margin reconciliation and processing
Reconciliation of trade and positions of Futures contracts with Clearing Broker to ensure Executing Broker and Clearing broker books are in line with SS Books