Derivatives, Associate 2

State Street • Irvine, CA

2d

About The Position

A Derivative Operations Specialist, Associate 2 is responsible for accurately posting domestic and foreign derivatives, including (but not limited to) Future, Options and collateral transactions to our Custody and Accounting systems. This individual resolves data quality issues through interaction with accounting and client service groups in North America and Europe. The individual acts as a first level resource within assigned business unit to process transactions in accordance to established procedures. This individual performs various daily tasks within the business unit as necessary to support processing routines. Assists with other related duties as required. Reviews work for accuracy and serves as a resource.
The team gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

• Knowledge of downstream effects and economic impact of the different types of derivatives.
• Bachelor’s degree or its equivalent with business related coursework.
• Knowledge of financial securities markets, language and products as well as legal and regulatory requirements.
• Strong working knowledge of MS Office applications, and spreadsheet proficiency.
• Strong analytical and organizational skills.
• Ability to prioritize assignments under tight deadlines.
• Strong interpersonal and communication skills in both verbal and written forms.

Nice To Haves

• VBA skills preferred.

Responsibilities

• Reconcile daily futures margin calculation to the total position by contract type and unrealized gain/loss to the broker statement or faxed/transmitted instructions for specified funds.
• Elevate areas of potential loss/exposure immediately and include supporting documentation.
• Reviews and authorizes cash activity and reconciliations.
• Process all derivative trades accurately and timely. This includes, but is not limited to, futures, options, cash and security collateral, segregation of collateral.
• Initiate any related incoming or outgoing payments.
• Complete month-end reconciliations.
• Adhere to established operating, risk, and compliance controls and standard operating procedures.
• Knowledge of downstream effects and economic impact of the different types of derivatives.
• Ability to apply industry knowledge to help other staff members.

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees