Middle Office - Senior Associate

Job DescriptionWho we are looking forThe role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.Why this role is important to usDerivative Operations manage the processing and settlement of Derivative transactions on behalf of client and associated clients.What you will be responsible forManage trade settlements, reconciliation, and confirmation for derivative products such as swaps, futures, and optionsReview of ISDA and CSA agreement for Bi-lateral contractsConfirmation/Affirmation of new trades and confirmation of upfront and term payments with CounterpartiesMarkitserv, Tradeserv and Tradeweb monitoring to ensure timely confirmationsMonitoring of DTCC for Credit Events and Credit Event ProcessingProcessing of OTC Coupon Resets and CDS RollsOTC Reconciliations via TrioptimaBreak resolution and query managementBe responsible for the full post trade and life cycle management of all bilaterally traded and Cleared traded OTC and ETD derivatives.Trade Confirmation / affirmation of trades and submission to clearingReconciling internal records with counterparties and clearing houses, resolving breaks and discrepanciesProcessing trade lifecycle events such as resets, expirations, exercising and Roll oversTrade Confirmation/affirmation of trades, including clearing status monitoring Pre & Post Initial margin managementCollateral management of preparing estimates and dispute reconciliationsMonitoring & notification of income and corporate eventsManaging the collateral shorts and substitution processOTC Clearing and ETD IM and VM margin reconciliation and processingReconciliation of trade and positions of Futures contracts with Clearing Broker to ensure Executing Broker and Clearing broker books are in line with SS BooksEducation & Preferred QualificationsBachelor’s/Master’s  Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalentKnowledge of Aladdin platform is desirable.Overall 3-10 years experience in middle office operationsUnderstanding of operational functions within middle office operations. Ability to provide technical expertise to resolve daily problemsShould have worked directly with clients and counterparties in a global contextShould have experience of end to end ownership of operations, with direct accountability on business, client and risk metrics (including losses)Should have worked with Risk, Technology, Automation and Change groups to drive BAU and transformation at scaleBeing comfortable with ambiguity and the ability to work well with teams, across multiple functions and geographiesProven ability to generate innovation ideas, and implementing themAbility to work within a collaborative environment to achieve resultsOpen to work in North American shift hoursAdditional RequirementsClient Centric Mindset & Focus - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectationsManage Execution & Effective Communication - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levelsAbility and willingness to support middle office operations for clients/markets spread across different global regions.About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement