Middle Office Trade Operations, Assistant Vice President

State Street • Clifton, NJ

25d

About The Position

State Street AIS provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. AIS combines its experienced teams of trained financial service professionals with sophisticated software development talent to create a superior trade support infrastructure that features Straight-Through-Processing (STP) and real-time information. The responsibility of the operations group is to support clients by providing trade capture, portfolio pricing, trade confirmation and settlement services. We are looking for a qualified candidate to join our team; growing their acumen for complex financial products and the security settlement lifecycle while working in support of large alternative investment managers trading across diverse strategies.

Requirements

• In depth knowledge of some/all of the following products: Equity, Futures, Options, Fixed Income, FX, Derivatives (IRS, CDS, TRS, etc)
• Direct Knowledge of trade order flow, security life-cycle events (settlements, corporate actions), SWIFT messaging and cash wire processing required.
• Strong verbal, analytical and written communication skills
• Bachelor’s degree
• 10+ years of experience required

Nice To Haves

• Experience interfacing with security valuation agents like Markit PV, BVAL, ICE Data, JPM Pricing
• Experience with Advent Geneva Platform advantageous

Responsibilities

• Overseeing development of Middle office applications and products.
• Maintaining flow between Operations working groups, production support and system development groups.
• Sourcing Solutions for new product types.
• Working closely with broader operations management teams to develop process efficiencies.
• Organizing Operational focus groups and meetings and appointing lead.
• Review end of day valuations for all products
• Review end of day management reports and resolve issues
• Sign off on end of day process and check lists
• Interact with client to evaluate services
• Identifies and uses best practices for project management
• Clearly communicates both verbally and in written format
• Demonstrates an understanding of the impact of problems across the organization and facilitates a collaborative solution.

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