Core Operations, Associate 2

State Street•Sacramento, CA

1d•$41,600 - $66,560

About The Position

A Derivative Operations Specialist, Associate 2, accurately posts domestic and foreign derivative transactions—including swaps, futures, options, and collateral transactions—to custody and accounting systems. The role resolves data-quality issues by interacting with accounting and client service groups in North America and Europe, and serves as a first-level resource within the assigned business unit for processing transactions according to established procedures. It also performs daily business-unit tasks to support processing routines and other related duties as needed. The specialist processes and reconciles derivative transactions, researches and escalates exceptions, and works with team members, shared services and centers of excellence, and Client Operations to support seamless processing under fund policies. The position also supports client reporting, maintains audit records, applies corporate-action knowledge to processing, and identifies and reports or escalates unusual or potentially suspicious transaction activity in accordance with corporate policy and procedures.

Requirements

Bachelor’s degree with business-related coursework or a B.S. degree in Accounting or Finance preferred.
Strong computer competence, including Microsoft Word and Excel.
Accuracy and attention to detail.
Strong interpersonal skills.
Strong verbal and written communication skills.
Ability to multitask.
Ability to work under pressure and within a deadline-oriented team.

Nice To Haves

Bachelor’s degree with business-related coursework or a B.S. degree in Accounting or Finance.

Responsibilities

Use the OTC HUB application to process derivative transactions, including trade posting, dividend accruals and payments, corporate-action processing, security pricing, and derivative-ledger processing.
Reconcile cash-related and position-related transactions to Prime Brokers and clients daily, and promptly research and escalate discrepancies.
Apply conceptual knowledge of complex investment strategies, including CFDs, credit default swaps, interest rate swaps, basket swaps, total return swaps, and options.
Work with team members, shared services and centers of excellence, and Client Operations to ensure processing follows fund policies.
Support research and resolution of exceptions and inquiries, establish Prime Broker relationships, and liaise as needed to resolve exceptions.
Provide Client Operations with center-of-excellence information needed to prepare accurate and timely financial statements and client, shareholder, director, and management reports.
Develop and apply knowledge of corporate-action types, processing requirements and timelines, and their potential effects on fund asset values.
Maintain records in support of audits.
Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and relevant operating procedures.
Perform other duties as requested.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage, including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Program.
Development programs and educational support.
Paid volunteer days.
Matching gift program.
Employee networks.