OTC Business Analyst

What are we looking for

An opportunity exists for the position of Senior Associate within the OTC derivatives middle office department. For the right candidate this represents a good opportunity to gain extensive knowledge of OTC derivatives & the OTC market supporting global OTC trading books.

This position is an opportunity for somebody with experience of Derivatives to deepen their knowledge and broaden their experience within the OTC market. This is also great opportunity to be involved in the development of an expanding team in Ireland.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

Core Competencies

• Collaborate for Results- Do more than we thought possible by working together to accomplish our goals
• Professional Agility- Be adaptable, responsive to change and intellectually curious, while rigorous in pursuit of client solutions
• Effective Communications- Convey and receive messages clearly, with impact and empathy. Translate and adapt the pitch for each audience
• Functional Expertise- Maintain specialist knowledge and skills that are essential in performing a job effectively
• Data & Analysis- Develop and maintain scorecards and metrics. Collect, analyze, package and communicate data at various levels for use by stakeholders
• Process Workflow- Build and manage the flow of information and data to ensure an accurate output with limited issues and exceptions
• Exception Processing & Resolution-Engage in exception resolution process, pro-actively resolve inquiries and exceptions on a case-by case basis by working with functional teams and State Street colleagues

Individual Accountabilities

• Carry out core and complex and custom processing activities and implement ways to standardize when possible in accordance with established procedures
• Coach team to multitask, ensure accuracy and execute against pre-determined deadlines in accordance with established procedures.
• Resolve complex issues acting with a sense of urgency
• Accountable for quality, accuracy and timeliness of results
• Train specialists on complex processes
• Support the implementation of process improvements
• Subject matter expert for Process
• Identify and report all risk and compliance issues, breaches and suspicious activities
• Act in accordance with Risk Excellence as part of our Way Ahead foundation
• Perform related duties as assigne

Shared Accountabilities

• Share responsibility with lead and manager for resolving any issues related to processing activities and for accurate and timely processing and delivery
• Interact with internal and external clients to provide comprehensive support on a global basis
• Develop and maintain procedures

Client

• Adhere to SLAs, PSDs and SOPs

Operation

• Internal/external client satisfaction
• Timeliness and accuracy of all related processes
• Ensure process improvements are adopted

Risk

• Comply with risk and compliance programs and actions including the timely completion of related training
• Comply with relevant laws and regulatory requirements
• Adhere to company policies and guidelines
• Mitigate process risk

General

• Continuous personal development

What we value:

• [Owns] Development and maintenance of client specific procedures
• [Owns] Resolution of complex items
• [Owns] Personal development
• [Owns] Identification, resolution, reporting or escalation of exceptions, breaches and suspicious activities as required by our risk and compliance programs
• [Influences] Internal and external client satisfaction
• [Supports] Coordination of workload balancing
• [Supports] Developing implementation plans for process improvements
• [Supports] Overall staff training plans
• [Supports] Staff development
• [Supports] User Access Rights: e.g. Identification or clarification of access to/from applications, databases, operating systems and corporate networks when no longer required

• Team Player
• Self-Motivated and reliant
• Enthusiastic
• Uses Initiative
• Good Problem solver

Other

• Financial or Business background with a related degree
• Knowledge of Derivative instruments
• Microsoft Excel / VBA
• Microsoft PowerPoint / Visio
• Ability to master quickly a new suite of applications

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.