Transaction Support Service

The Securities Financing Transaction Regulation (SFTR) is the latest in a line of regulatory change to be enforced on the financial service industry. The Transaction Support Service team is a newly formed team, and has the responsibility of ensuring SSGM can meet expectations in the industry to match and affirm transaction details with counterparts prior to reporting under the SFTR regulation. The successful candidate would initially be expected to work with the SFTR project team & onshore oversight teams to become an SME on SFTR obligations and technical solution for matching. As well as performing testing, the role will involve training later hires on SFTR when volumes increase later in the year FUNCTIONAL RESPONSIBILITIES: Work with SFTR project team and onshore oversight teams, providing feedback on design, build and test of a new matching solution Work to identify common mismatch reasons and drive solutions to underlying issues Become an SME on State Street's SFTR matching solution, participating in testing and subsequent training of other staff Ensure that all eligible SFTR trades have been correctly matched with the relevant counterpart prior to SFTR reporting. Ensure all counterparts who require data shared with them for SFTR reasons receive their data on time, and liaise on queries Manage SFTR matching exceptions within our new solution Communicate with multiple internal departments (Trading, Middle Office, Static Data, Payments, Investigations, IT) to resolve breaks, counterparty queries and trade discrepancies on a time sensitive basis. Clearly communicate and escalate issues that impact business in a timely manner Maintain MIS for monthly reporting to senior management Required Skillset 2-3 years' of experience in the securities operations divisions, preferably in Stock lending & borrowing (SF, FACT & Credit services) and Repurchase arrangements (Global Treasury) Experience of a working in a high volume pressured environment Operational knowledge of trade and transaction reporting under MiFID, EMIR,etc Working experience in MARKIT,LOANET, EQUILEND, PIRUM, TRI-OPTIMA preferred Knowledge of trade repositories like DTCC, Unavista and Bloomberg, highly preferable Strong analytical, organizational and customer service skills. Excellent communication, interpersonal and relationship skills, that include the ability to build productive working relationships across teams and functions; and the ability to foster an environment of open communication Ability to work collaboratively with other business units. Proficiency in Microsoft Office applications - Word, Excel, Access Knowledge of industry platforms, particularly SBL asset class Other competencies Ability to: Work under own initiative. as well as part of a team Multi-task Work under pressure to meet deadlines and escalate issues in good time. Challenge the status quo# Learn quicklyCan demonstrate: Very strong attention to detail Understanding of the lifecycle of a trade, particularly an FX derivative The desire to improve the processes they perform 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement