Who we are looking for
Derivative SMEs are primarily responsible for the timely and accurate execution and reporting of derivative processing that impacts net asset valuations (NAVs) for our clients' accounts (funds).
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.
What you will be responsible for
As a derivative SME, you are primarily responsible for the timely and accurate execution and reporting derivative activities that impact to net asset valuations (NAVs) for our clients' accounts (funds). The derivative SME identifies, analyzes and substantiates impacts of derivatives to the NAV. Critical functions performed include the processing of and verification of all derivative activities and reflecting the same in system to be captured by downstream teams, assisting in addressing derivative queries and participating in various programs with derivatives requirement. This could extend to assist in data analysis, test performing and various new products onboarding, etc.
What we value: the derivative SME possesses strong risk awareness to verify potential NAV impacts issues including MTM movement, position checking and accrual verifications. This could extend to engaging with various parties to deal with potential queries and verification of trades and cash items to ensure the integrity of the NAV. A spirit of self-determination and investigation is required.
Roles and Responsibilities
•Validate and review all daily operational activities related to the CFD Reconciliation process while maintaining all required controls.
•Investigate Position, Dividend, Gain and Loss breaks, identify the root cause, and resolve the breaks.
•Support the review and validation of data as needed, e.g., fund Net Asset Values, Positions, MTM calculations, etc., as well as distribute information to Shared Services and Client Operations teams.
•Research and resolve exceptions, reconciliations, incorrect transactions, and issues.
•Receive and resolve inquiries in a timely and accurate manner and communicate effectively with clients when necessary.
•Escalate unresolved issues to management as required.
•Maintain appropriate records of daily and monthly activities.
•Support the production of financial, performance, and/or quality reports for clients, shareholders, directors, and management as needed.
•Maintain knowledge of current alternative procedures and processes.
•Document any updates or changes to formal procedures, databases, etc.
•Prepare and verify information for various projects or special requests as directed.
What we value
These skills will help you succeed in this role:
•Strong analytical and problem-solving skills.
•Excellent communication and collaboration abilities.
•Proficiency in Microsoft Office suite.
•Basic understanding of regulatory frameworks.
•Strong working knowledge of Bloomberg and any other market vendor.
•Must have considerable domain knowledge preferably in areas of Fund accounting with good product knowledge across Equity, Fixed Income, and Derivatives.
•Team player who is diligent, attention to detail-oriented, organized.
•Candidate must exhibit a high degree of accuracy and the ability to meet deadlines.
Education & Preferred Qualifications
•Degree in Commerce, Finance or MBA with relevant specialization.
•Any Certification in Financial Markets will be considered a plus.
About State Street
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. For more than two centuries, State Street has been helping clients safeguard and steward the investments of millions of people, providing investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
