Derivatives Operation Specialist, Senior Associate

What you will be responsible for

  • Ensure team carries out basic and complex trade processing and valuation functions in accordance with established procedures.
  • Ensuring the accuracy and timeliness of the team’s deliverables
  • Plan and manage the daily operations of the team
  • Be accountable for all aspects of resources planning including succession planning, staff development and staff retention initiatives; promote cross training, resource sharing and job rotation across teams/departments; participate in the recruitment process
  • Plan and manage resources to ensure that all deliverables are completed in an accurate and timely manner;
  • Ensure that process procedures applicable to the team are understood and applied by all team members;
  • Constantly review and refine the operational process; drive the implementation of operational efficiencies and re-engineering initiatives.
  • Take ownership of resolution of queries with internal teams, clients, vendors, counterparties etc. to ensure top notch service
  • Answer and own complex issues and queries and escalate as needed acting with a sense of urgency to meet required deliverables.
  • Quality control – Be able to audit the accounting / verification data input and establish control over the overall process accuracy within the KPIs agreed.
  • Manage new business transitions or business migration activities and ensure proper  implementation within the team;
  • Build relationship with internal & external clients; foster this culture within the team
  • Coach and offer help to less experienced staff
  • 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 for self and for the team
  • Be accountable for staff on-boarding, leave planning and turnover of the team
  • Foster an environment of learning and team work.
  • Ability to prepare efficient work allocation for all team members
  • Actively participate in the corporate, systems, internal and statutory audit to resolve the audit queries
  • Own issues and drive solutions. Understand the client requirements and be able to direct the team to create KPIs / reports
  • 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

To apply for this job please visit statestreet.wd1.myworkdayjobs.com.

State Street