State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management, market research and trading. With $28.4 trillion in assets under custody and administration and $2.48 trillion in assets under management State Street operates in 29 countries and more than 100 geographic markets and employs over 29,000 worldwide promoting a culture of excellence.
At the moment we are looking for candidates for
Collateral Team Manager, Officer
Collateral Team Manager, Officer
Location: Kraków, małopolskie
JOB ID: R-622320
to join the insource organization supporting the State Street EMEA
Why State Street Bank Poland?
Operating in Europe since 1970 State Street services clients in multiple locations. State Street Bank Poland was established in 2007 in Kraków. Today State Street Bank Poland employs over 2000 staff members at three sites across the city. Our Kraków office provides investment fund accounting and related services to clients of multiple State Street locations and business units across Europe. We offer positions in a challenging, rapidly changing and international environment. There are multiple opportunities to gain experience in diverse areas of the investment fund cycle. State Street offers a significant scope for personal growth and career progression. Throughout your career at State Street you will be provided with a wide range of training opportunities and internal mobility options as well as individual development plans, attractive benefits and an excellent remuneration package. The continuous development of our employees from day one is critical as we continually seek to develop and expand the local management team and create future leaders from within.
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management, market research and trading. With $28.4 trillion in assets under custody and administration and $2.48 trillion in assets under management State Street operates in 29 countries and more than 100 geographic markets and employs over 29,000 worldwide promoting a culture of excellence.
Purpose of Role:
Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. Based on the agreements between our clients and the counterparties the Collateral team in Kraków ensures that all the exposures are fully collateralized and the agreed collateral transactions settle as agreed.
Specific Job Duties:
- Ensure that the team meets accuracy and timeliness criteria
- Carry out responsibilities fairly and impartially; create and maintain an engaged work environment
- Build strong relationships with internal & high profile external clients
- Assist in developing and implementing new workflow approaches and methods as well as system enhancements
- Collaborate with internal and external groups to identify, analyze and proactively resolve issues
- Be the key point of contact for internal/external clients
- Hold authority to hire, discipline, control work and terminate employment for direct reports and broader team as needed
- Hold authority to promote, increase salary and bonus for direct reports and broader team as needed
- Provide coaching and development opportunities to staff
- Manage Job Expectations and Performance Priorities
- Ensure SOPs/regulations are met and escalate as needed
- Comprehensive and demonstrated knowledge of overall process and operating model
- Identify all risk issues, breaches and suspicious transactions and acts in accordance with the 'risk' escalation chain and operating procedures
- Implement and communicate to staff risk framework changes and/or escalation chain changes
- Perform related duties as assigned
Work Parameters Or Boundaries:
- Internal procedures and regulations
- Internal Service Level Agreements
- FSA, EMIR Regulations
- Key Performance Indicators – timeliness and accuracy
- Capacity goals
- Job Expectations and Priorities
Specific Qualifications / Skills:
What We Offer:
- Employee savings plan;
- Premium life insurance package;
- VIP medical package;
- Multisport card/cinema tickets / money transfer
- Home office possibilities
- International operating environment;
- Language classes;
- Soft skills trainings;
- Technical workshops
To apply to this position, follow the "apply now" link. To locate this position in our application page, please use the KEYWORD search functionality and insert either the State Street Job ID or the Location.
As a first step we ask all candidates to fill out our online application form. Please enclose the CV in English and remember to save this document without any Polish characteristics also in file name.
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Job ID: R-622320 / Location: Kraków, małopolskie
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