Role Overview :

The Senior Associate within the OTC trade processing team in Global Process Delivery, focusses on ensuring the accuracy of the OTC trades and valuation. The role involves interaction with various units locally and overseas. The Senior Associate should possess the ability to learn new skills, embrace change and communicate effectively. Effective communication, Accuracy, timeliness and delivery of client service are imperative in this position.

The candidate is expected to be flexible with shifts.

Responsibilities & Tasks Include:

Carry out basic and complex trade processing and valuation functions in accordance with established procedures.

Processing Trades sent by clients to OTC Hub and MCH

Reviewing/auditting trades processed by other team members to ensure accuracy

Ensure OTC valuation team receives proper information to value OTC positions

Ensuring compliance with standard operating procedures and write new procedures where required

Train new employees until they are prepared to handle function without oversight

Respond to internal queries from Accounting or Client Service teams

Respond to reconciliation breaks from internal recon teams regarding cash or position breaks

Resolution of queries with internal teams, clients, vendors, counterparties etc.

Answer and handle complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.

Work closely with inter-departmental contacts to ensure that the required deliverables are delivered with high quality

Identify risk issues, breaches and act in accordance with the risk escalation chain and operating procedures

Resolution of queries with internal teams, clients, vendors, counterparties etc.

Be accountable for assigned tasks and deadline.

Work closely with the Team Leader and bring issues that require management attention on a timely manner

Support the business to offer great quality client service and ensure that the assigned deliverables are planned and delivered efficiently

Be accountable for assigned tasks and deadline for self and for the team

Quality control - Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed

Documentation - Be able to review and correct the process documentation such as process flows, Standard Operating procedures (SOPs) and coach the team

Understand the end to end process and be able to seek support to clear out inter process upstream / downstream dependencies. Suggest process improvements and be able to seek support to drive projects to create efficiencies / enhance controls

Understand the client requirements and guide the team towards efficiently managing its deliverables

Job Requirements:

Education and Experience

Bachelor degree or above

3+ Experience in financial services and/or a back-office operations environment.

Derivatives trade processing related experience is a must

Strong MS Office skills would be an added advantage

Flexibility with shifts

Skills/ Knowledge

Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.

Advanced working knowledge of accounting fundamentals with respect to the workability of various financial instruments, especially derivatives

Expert knowledge of Internal Systems, MS office (excel, word) and good working knowledge of MS PowerPoint. Knowledge of database management systems MS access / Visual basic/ Macros would be an added advantage

Strong mathematical and analytical skills essential

Data & Analysis - Posesses strong attention to detail. Demonstrate good analytical skills in resolving the team issues and facilitates decision making

Knowledge of derivative instruments (OTC in specific) is a must

Highly organised

Ability to work under pressure and to tight deadlines

Excellent attention to detail

Ability to meet deadlines and possess strong problem solving and resolution skills.

Detailed oriented individual capable of performing in a high pace environment

Ability to work independently as well as a team player

Good understanding of financial services and investment products.

Strong attention to detail and a focus on service.

Strong PC skills, specifically Excel skills (Intermediate)

Strong written and verbal communication skills

Ability to prioritize multiple responsibilities to meet internal and industry deadlines.

Strong problem resolution skills

Ability to work well in a fast paced, high volume atmosphere

Should possess good time management skills

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Derivatives - Senior Associate