Alternative Ops Derivatives & Collateral Management, Associate 2

Who we are looking for

We are looking for a highly motivated individual to join the North America Derivatives Center of Excellence as a Derivative Swap Specialist, Associate II. The ideal candidate will be eager to learn, attentive to detail, and interested in building a career in financial services and derivatives operations. This role is a strong opportunity for a recent college graduate interested in financial services and operations to gain in-depth derivatives experience that is highly valuable across the industry. You will support day-to-day swap activity in the General Ledger Post model, work with experienced team members, and help ensure transactions and related records are completed accurately and on time.

Why this role is important to us

The team supports accurate and timely processing of swap transactions used in client accounting records. Your work will help keep transaction information complete, resolve routine issues, and support reliable service for our clients.

What you will be responsible for

• Review daily swap transactions and confirm required information is complete.
• Process trade and lifecycle activity using established procedures and checklists.
• Monitor routine processing results and help research errors or exceptions.
• Compare transaction records with available reports and follow up on differences.
• Escalate questions promptly and provide clear updates to team members.
• Maintain organized evidence of completed work and required reviews.
• Learn swap products, accounting workflows, and team controls through training.

What we value

• These skills will help you succeed in this role
• Attention to detail and a willingness to learn.
• Clear written and verbal communication.
• Good organization and ability to manage daily deadlines.
• Comfort working with numbers, spreadsheets, and structured processes.
• A collaborative approach and readiness to ask questions.

Education & Preferred Qualifications

• Bachelor's degree in finance, accounting, economics, business, or a related field.
• Basic understanding of derivatives products, including swaps, options, and futures.
• Basic understanding of accounting principles and concepts.
• Intermediate Microsoft Excel skills and an interest in financial markets are preferred.

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.

State Street is an equal opportunity and affirmative action employer.

Salary Range

$41,600 - $66,560 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.