State Street

Derivatives Onboarding and Change Analyst, Officer

Posted on: 2 Dec 2021

Irvine, CA

Job Description

Core Competencies

Fuel Innovation- Capitalize on new ideas to reinvent ourselves and the business

Act Globally - Understand different perspectives and cultures to align management practices to fulfill business strategy

Client Focus & Consultation - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations

 Problem Solving & Decision Making - Develop solutions and provide counsel to ensure effective decisions are reached by employing timely, rigorous and logical analysis

Manage Execution - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels

Quality & Risk Management - Drive high quality outputs and ensure that organizational risks are managed through embedding effective controls

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS 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 solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Individual Accountabilities

Product expert for Centre of excellence. Comprehensive and demonstrated knowledge of overall process and operating models

Ensure SOPs/regulations are met and escalate as needed

Exercise discretion and judgment with respect to matters of significance

Collaborate with internal and external groups to identify, analyse and proactively resolve issues

Resolve issues, make exceptions and prioritize actions

Encourage suggestions for, and implementation of, continuous improvements to core products and services

Help others adapt to new values, attitudes, norms and behaviours that support new ways of doing work and limiting risk

Identify and report all risk and compliance issues, breaches and suspicious activities

Act in accordance with Risk Excellence as part of our Way Ahead foundation

Shared Accountabilities

Effectively interact with internal and external clients to provide support on a global basis

Effective communication to resolve complex issues and support implementation of process improvements

Develop effective relationships with peers by sharing expertise with colleagues and other departments

Liaise with internal groups to maintain SOPs, internal and external audits

Cultivate effective relationships with our internal and external global partners

Share responsibility for participating in corporate committees and initiatives

Share expertise with colleagues and other departments

Share coaching and development of staff with manager

Develop and maintain procedures

What we value

These skills will help you succeed in this role

 Solid understanding of operational functions within middle and back office Derivative Operations.

Understanding of OTC Derivatives Product Knowledge

Understanding of client on-boarding and/or large project implementation experience

Understanding of Change Management

Ability to evaluate and analyse complex data

Experience in documentation of Operational processes

Experience with project management methodology

Strong analytical and solid time management skills, able to prioritize

Strong communication and interpersonal skills

Team Player with can-do attitude

Education & Preferred Qualifications

Bachelor’s Degree in technology, finance, business or equivalent

4 years of related financial services experience

An understanding of in house applications an advantage – DHUB, RKS, GTM, MTEX, TIER, MCH, ESP

State Street

Boston, MA

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.

The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.

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