Securities Finance Operations Specialist, Officer (Finance)
Who we are looking for
An individual with 4+years securities industry experience working with equity and fixed income instruments within broker dealer trade processing middle office. Experience with operations application updates and projects related to trade processing middle office functions. Individuals must have experience with risk controls and establishing procedures for new workflows and products. Ability to manage complex tasks and promote development of industry knowledge and skills. Ensuring trade processing operations groups daily responsibilities as they relate to State Street Markets, multi-asset class activities are completed within deadlines, accurately, consistently and adheres to procedures to minimize risk. Provides guidance and direction to associated operational teams - ensures strategic projects are carried out, executes robust processing oversight and controls to minimize risks, implements new processes effectively to create operational efficiencies and delivers a high level of service.
Why this role is important to us
The team you will be joining is a part of State Street Markets. When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to State Street Markets business unit. As our investment research and trading arm, State Street Markets number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
- Coordinate post trade management for institutional clients for both international equity and fixed income transaction products
- Promotes, creates and implements policies and procedures.
- Coordinate resolution of trade processing discrepancies with counterparties.
- Manage break resolution with executing brokers
- Manage correction of trading application static data to ensure the SPT of street side trade matching and allocation.
- Work with trading and settlements to correct trade records as needed to mitigate failed trades.
- Reconcile daily activity within firm accounts
- Reconcile daily currency balances in firm accounts
- Contributes to Operations strategy and product development for the group
- Interfaces with technology and product development to ensure future system changes/enhancements are fully tested and documented
- Very good understanding of financial market activities and transactions
- Very strong problem solving, customer service, communication, and organizational skills
- Creating and analyzing new methods to proactively identify discrepancies in data
- Serves as an expert resource on operational needs for the group
- Interfaces with traders, Compliance, Operations and other areas within SSGM to ensure efficient business flows and controls exist for the group
- Escalation point for resolution of queries from external and internal groups for your department
- Business continuity responsibility for the group - oversees offsite testing and updates to BCP plans and procedures
- Participates in internal committees or industry groups to promote operational efficiencies and enhance knowledge
- Leverages/promotes use of technology to achieve operational efficiencies, mitigate operational risks, and reduce operating costs
- Works with management to ensure favorable audit ratings
Education & Preferred Qualifications
- Bachelor's degree or equivalent
- Minimum 4+ years' experience working in the financial industry /brokerage
- Ability to proactively identify, analyze and solve problems
- Proven time management skills
- Ability to manage under pressure, work under deadlines and deal with high volumes of work
- Proven communication skills - written and verbal
- Demonstrates an aptitude for learning and development - identifying & addressing departments needs
- Ability to think creatively, solve problems, promote solutions
- Proven industry systems and best practice knowledge
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
Salary Range:
$60,000 - $90,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Salary Minimum: 60000Salary Maximum: 90000