FAQs
What is the primary role of an OTC Derivatives Onboarding Analyst?
The primary role of an OTC Derivatives Onboarding Analyst is to perform detailed analysis of client requirements related to trade processing, liaise with development and technology teams, and ensure that business needs are met throughout the onboarding process of OTC derivatives.
What qualifications are required for this position?
Candidates should have a minimum of 5 years of experience as a business analyst or in a derivatives subject matter expert role, along with a working knowledge of OTC derivative products. Experience with State Street or Charles River is also beneficial.
What skills are essential for success in this role?
Essential skills include excellent analytical and interpersonal skills, proficiency in MS Office Products and Jira, understanding of testing management, strong client management skills, and effective verbal and written communication abilities.
What type of projects will the OTC Derivatives Onboarding Analyst be involved in?
The analyst will be involved in projects that require gathering requirements, leading process analysis and improvement initiatives, and planning and executing testing efforts for new developments.
Who will the analyst interact with during their role?
The analyst will interface with clients, operations, IT, project management, and other internal and external third-party system owners.
What kind of tools will the analyst use for documenting business requirements?
The analyst will use a broad array of communication tools and methodologies, such as flowcharting and other documentation techniques, to ensure clarity and completeness when capturing business requirements.
Is experience with specific software preferred for this role?
Yes, familiarity with Macro/VBA is preferred, along with extensive experience using MS Office Products and Jira.
Why is this role important to State Street Global Services?
This role is crucial because it supports the onboarding process of OTC derivatives, aiding asset owners and managers in utilizing the financial tools necessary for effective investment solutions and ultimately assisting clients in making informed investment choices.
What are the opportunities for personal development in this position?
State Street offers a wealth of development programs and educational support to help employees reach their full potential, alongside flexible work arrangements to balance professional and personal life.
How does State Street value diversity and inclusion in hiring?
State Street is committed to creating an inclusive environment by welcoming candidates of diverse backgrounds, experiences, and perspectives. They actively engage with communities worldwide to support social responsibility while fostering a workplace where everyone can thrive.