Derivative Operations Manager, Officer - State Street - Sacramento, CA

08 Apr 2015 9:55 PM | Anonymous

Derivative Operations Manager, Officer - Sacramento, CA


Our Company

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.19 trillion in assets under custody and administration and $2.45 trillion in assets under management as of December 31, 2014, State Street operates globally in more than 100 geographic markets and employs 29,970 worldwide. For more information, visit State Street's website at www.statestreet.com.

Promoting a culture of excellence

With more than 29,970 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility — to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.

We’re a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us — people like you.

State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs.  Subject to an individualized assessment of these considerations, roles may be identified as potentially suited for a flexible work arrangement.  Requests for a flexible work arrangement can be made upon hire.  All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval.  More information is available here.

We encourage you to explore the possibilities that a career at State Street can offer you.

State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.

Job Description

  • Typically manages a small team of 3 to 5 associates, monitoring the workflow to ensure the department is operating efficiently and ensuring adequate backup coverage through cross training.
  • Ensures that processing exceptions are resolved on a timely basis, are well documented and are communicated to appropriate parties.
  • Monitors compliance with established controls and procedures and implements controls to eliminate losses.
  • Validates service expectations, communicates status and establishes areas for improvement.
  • Maintains effective working relationships with clients, other departments, trading areas, brokers and service providers.
  • Works with various internal business groups to develop system enhancements into daily operations.
  • Interviews, evaluates, hires, and manages performance with responsibility for training, along with recommendations for performance planning, promotions and terminations.
  • Communicates and manages department goals and performance targets, and makes suggestions for enhancements to operational processes to more effectively meet client needs.
  • Assists with client presentations on derivatives operations.

Qualifications

  • Bachelor’s Degree or equivalent with business related coursework.
  • At least 5 years’ related financial industry experience, part of which must be in management or supervisory capacity.
  • Knowledge of financial securities markets, language and products as well as legal and regulatory requirements. Hands-on experience within OTC derivatives is preferred.
  • Solid understanding of operational functions within custody and/or fund accounting and the depository platforms.
  • Strong communication, organizational, interpersonal, planning and analytical skills.
  • Excellent client communication and presentation skills in both verbal and written forms.
  • Excellent organizational skills with the ability to prioritize assignments under tight deadlines.
  • Demonstrated experience in identifying and resolving client service issues.
  • Computer proficient including working knowledge of desktop software applications including MS Office applications.
  • Ability to provide technical expertise to revolve daily problems.
  • Ability to develop business relationships within and outside of organization.
  • Excellent leadership and motivational skills.


Apply Now

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