Alternative Ops Derivatives & Collateral Management, Associate 2

Overview

Derivative SME role in State Street's Alternative Operations team, responsible for timely and accurate processing and reporting of derivative activities that affect fund net asset values (NAVs).

What you'll do

• 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 such as fund Net Asset Values, Positions, and MTM calculations, and 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.
• Process and verify all derivative activities and reflect them in system for capture by downstream teams.
• Identify, analyze and substantiate impacts of derivatives to the NAV, including MTM movement, position checking and accrual verifications.
• Assist in addressing derivative queries and participate in programs with derivatives requirements, which may extend to data analysis, test performing and new product onboarding.

What you'll need

• 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.
• Considerable domain knowledge, preferably in fund accounting, with good product knowledge across Equity, Fixed Income, and Derivatives.
• Diligent, attention to detail, and organized team player.
• High degree of accuracy and the ability to meet deadlines.
• Degree in Commerce, Finance or MBA with relevant specialization.
• Strong risk awareness to verify potential NAV impacts, including MTM movement, position checking and accrual verifications.
• Spirit of self-determination and investigation.

Nice to have

• Any certification in Financial Markets.
• Preferably considerable domain knowledge in fund accounting with product knowledge across Equity, Fixed Income, and Derivatives.

Details

• Location: Coimbatore, India.