Associate 2

About the Role

The team you will be joining is a part of State Street Global Services (SSGS). SSGS provides asset owners and managers with essential financial tools to deliver effective investment solutions.

Key Responsibilities

• As a derivative SME, you are primarily responsible for the timely and accurate execution and reporting of derivative activities that impact net asset valuations (NAVs) for our clients’ accounts (funds).
• Identify, analyze, and substantiate impacts of derivatives to the NAV.
• Process and verify all derivative activities, reflecting them in the system for downstream teams.
• Assist in addressing derivative queries and participating in programs with derivatives requirements.
• Extend support to data analysis, test performing, and new product onboarding.
• Validate and review all daily operational activities related to the CFD Reconciliation process, maintaining required controls.
• Investigate Position, Dividend, Gain and Loss breaks, identify root causes, and resolve them.
• Support the review and validation of data, such as fund Net Asset Values, Positions, and MTM calculations.
• 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.
• 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.
• Maintain knowledge of current alternative procedures and processes.
• Document any updates or changes to formal procedures and databases.
• Prepare and verify information for various projects or special requests.

Requirements & Tech Stack

• Strong risk awareness to verify potential NAV impacts, including MTM movement, position checking, and accrual verifications.
• Engage with various parties to address potential queries and verify trades and cash items.
• Exhibit spirits of self-determination and investigation.
• 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-oriented, and organized team player.
• Exhibit a high degree of accuracy and ability to meet deadlines.

Qualifications

• Degree in Commerce, Finance or MBA with relevant specialization.
• Any Certification in Financial Markets will be considered a plus.