Balance Sheet Substantiation – Senior Manager

Candidate will be responsible for the P&L and Balance Sheet reconciliations, reporting including regulatory and SEC reporting on a daily, weekly, monthly and quarterly for Derivative Products (FX, IRS & Equity Swaps). Work closely with other operational teams like FX Operations, Collateral Operations, Global Cash Teams to resolve any issues causing breaks in the accounts monitored for Derivative Products (FX, IRS & Equity Swaps).

Business As Usual (BAU) Activities:

• Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines
• May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.
• Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.
• Participate in or manage function specific projects as needed
• Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;

Daily:

• Monitor daily reconciliations, proofs, and ensure the breaks are tracked to close.
• Ensure the FORTE reports are in sync to the GL
• Prepare and review daily FX PNL across the North America region and work closely with the Traders to get confirmations and resolve any open issues.

Weekly:

• Prepare Regulatory reporting FC 1 and Weekly Fin 39 for Open FX exposures
• Prepare and journalize the Cash collateral netting entry for FX Collateral exposures

Monthly:

• Coordinate month-end close including prepare manual journal entries and export accounting system reports
• Review/Prepare account reconciliations and certification
• Perform month end tie outs for various products with FX source systems with the ledger

Quarterly:

• Prepare Regulatory, SEC
• Perform SOX control testing

Ad-Hoc:

• Prepare and update process narratives/procedures and flow charts
• Response to internal and external requests including variance analysis and inquiries
• Participating in Ad Hoc projects and new transactions
• General ledger account requests
• Accounting systems maintenance and upgrade
• Responsibility for ongoing process improvements
• Assist in implementation of the GAO process re-engineering and automation efforts

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