Who we are looking for
Reporting to the Vice President, the Officer will be part of the DCOE OTC Control team tasked with ensuring the successful migration of reconciliations to a streamlined reconciliation application. The Officer will also work in conjunction with the OTC Reconciliation team as an escalation contact for clients and work to onboard new business.
This position offers the successful candidate the opportunity to demonstrate leadership, collaboration, communication and technical expertise. Strong knowledge of reconciliations and exposure to OTC derivatives is needed.
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.
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What you will be responsible for
As Officer you will
- Be part of a working group responsible for ensuring the successful migration of OTC reconciliations onto a streamlined reconciliation system. This includes planning parallel runs, working with the OTC reconciliation team to ensure adequate resourcing is available to meet assigned targets and liaising with all stakeholders to ensure successful implementation.
- Be a key point of contact for internal/external clients when escalations arise. Liaise with the OTC reconciliation team and relevant stakeholders to drive resolution.
- Support OTC reconciliation onboarding. Liaise internally/externally with clients to efficiently onboard reconciliations and deliver service per respective SLAs.
- Be accountable and responsible for completing all mandatory training and continuing to develop technical expertise.
- Establish and nurture a culture of 'Risk Excellence'. Identify and proactively mitigate risks ensuring all work is completed in accordance with Standard Operating procedures.
What we value
These skills will help you succeed in this role
- Strong communication, interpersonal, planning and analytical skills
- Strong organizational skills with the ability to multitask, effectively prioritize and manage deadline delivery
- Proactive approach and willingness to continuously strive to learn and develop
- Ability to work independently and collaboratively within a dynamic environment
- Demonstrate problem solving and decision making
Education & Preferred Qualifications
- An honors degree from a related/numeracy-based discipline
- Knowledge of/experience working with OTC derivative instruments
- Highly computer literate with a very good knowledge of desktop software applications including MS Office applications.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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