Alternative Ops Derivatives & Collateral Management, Senior Associate

Purpose of the Job

The main function of the role is: Derivatives - CFD Reconciliation operations and work in conjunction with individuals in the team as well as other Shared Services/COEs, Client Operations, other business units as needed to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met.

Roles and Responsibilities:

• Validate and review all daily operational activities related to 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 as needed, e.g., fund Net Asset Values, Positions, MTM calculations etc. as well as 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 communicates 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 client, shareholder, director 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/special requests as directed.

• Support training of new hires as necessary

• During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

• Perform other duties as assigned

About State Street

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