Business Line Information

Alpha Middle Office team

The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.

Purpose of Role:

Derivative Operations manage the processing and settlement of Derivative transactions on behalf of client and associated clients.

Major Responsibilities:

Operations:

Manage trade settlements, reconciliation, and confirmation for derivative products such as swaps, futures, and options

Review of ISDA and CSA agreement for Bi-lateral contracts

Confirmation/Affirmation of new trades and confirmation of upfront and term payments with Counterparties

Markitserv, Tradeserv and Tradeweb monitoring to ensure timely confirmations

Monitoring of DTCC for Credit Events and Credit Event Processing

Processing of OTC Coupon Resets and CDS Rolls

OTC Reconciliations via Trioptima

Break resolution and query management

Be responsible for the full post trade and life cycle management of all bilaterally traded and Cleared traded OTC and ETD derivatives.

Trade Confirmation / affirmation of trades and submission to clearing

Reconciling internal records with counterparties and clearing houses, resolving breaks and discrepancies

Processing trade lifecycle events such as resets, expirations, exercising and Roll overs

Trade Confirmation/affirmation of trades, including clearing status monitoring Pre & Post Initial margin management

Collateral management of preparing estimates and dispute reconciliations

Monitoring & notification of income and corporate events Managing the collateral shorts and substitution process

OTC Clearing and ETD IM and VM margin reconciliation and processing

Reconciliation of trade and positions of Futures contracts with Clearing Broker to ensure Executing Broker and Clearing broker books are in line with SS Books

Level of Education/ Specific Qualifications:

Bachelor’s/Master’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent

Skills and Experience -

Knowledge of Aladdin platform is desirable.

Overall 3-10 years experience in middle office operations

Understanding of operational functions within middle office operations. Ability to provide technical expertise to resolve daily problems

Should have worked directly with clients and counterparties in a global context

Should have experience of end to end ownership of operations, with direct accountability on business, client and risk metrics (including losses)

Should have worked with Risk, Technology, Automation and Change groups to drive BAU and transformation at scale

Being comfortable with ambiguity and the ability to work well with teams, across multiple functions and geographies

Proven ability to generate innovation ideas, and implementing them

Ability to work within a collaborative environment to achieve results

Open to work in North American shift hours

Required Competencies -

motivation, team skills, ability to work under pressure, etc.

Client Centric Mindset & Focus

• Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations

Manage Execution & Effective Communication

• Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels

Ability and willingness to support middle office operations for clients/markets spread across different global regions.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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