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State Street · 3 days ago

Broker/Dealer Margin Manager Assistant, Officer

Jersey City, NJ

Full-time

Onsite

Senior Level

$60K/yr - $101K/yr

5+ years exp

State Street is a global leader in financial services, helping institutional investors manage risk and drive performance. The Broker/Dealer Margin Manager Assistant will support margin operations, ensuring compliance with procedures and market regulations while collaborating with various teams to optimize workflows and enhance operational efficiency.

BankingFinanceFinancial Services

Responsibilities

Calculate and issue daily margin calls

Reconcile collateral and resolve fails/discrepancies

Assist margin operations manager and enforce compliance with procedures and market regulations

Provide reporting and analytics to internal/external stakeholders

Collaborate with Trading, Credit, Legal, and Compliance

Drive automation and improvement of margin workflows

Coordinate post trade management for institutional clients for both international equity and fixed income transaction products

Promotes, creates and implements policies and procedures

Coordinate resolution of trade processing discrepancies with counterparties

Manage break resolution with executing brokers

Manage correction of trading application static data to ensure the STP of street side trade matching and allocation

Work with trading and settlements to correct trade records as needed to mitigate failed trades

Reconcile daily activity within firm accounts

Reconcile daily currency balances in firm accounts

Contributes to Operations strategy and product development for the group

Interfaces with technology and product development to ensure future system changes/enhancements are fully tested and documented

Very good understanding of financial market activities and transactions

Very strong problem solving, customer service, communication, and organizational skills

Creating and analyzing new methods to proactively identify discrepancies in data

Serves as an expert resource on operational needs for the group

Interfaces with traders, Compliance, Operations and other areas within SSGM to ensure efficient business flows and controls exist for the group

Escalation point for resolution of queries from external and internal groups for your department

Business continuity responsibility for the group – oversees offsite testing and updates to BCP plans and procedures

Participates in internal committees or industry groups to promote operational efficiencies and enhance knowledge

Leverages/promotes use of technology to achieve operational efficiencies, mitigate operational risks, and reduce operating costs

Works with management to ensure favorable audit ratings

Qualification

Securities industry experienceMargin operations managementRisk controlsSeries 99 licenseFinancial market knowledgeProblem solvingCommunication skillsTime managementOrganizational skills

Required

5+ years securities industry experience working within broker dealer margin departments

Experience with operations application updates and projects related to trade processing middle office functions

Experience with risk controls and establishing procedures for new workflows and products

Ability to manage complex tasks and promote development of industry knowledge and skills

Ensuring trade processing operations groups daily responsibilities as they relate to Global Markets multi asset class activities are completed within deadlines, accurately, consistently and adheres to procedures to minimize risk

Provides guidance and direction to associated operational teams

Ensures strategic projects are carried out

Executes robust processing oversight and controls to minimize risks

Implements new processes effectively to create operational efficiencies and delivers a high level of service