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
Depositary Analyst, Associate 1
Depositary Analyst, Associate 1
Location: Gdańsk, pomorskie
JOB ID: R-631700
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.
Depositary/Trustee Business:
Depositary has oversight responsibilities for the Investment Manager's activities in a number of key areas such.
The Depositary is also responsible for the safeguarding of the assets of the authorized fund. This separation of the management of the fund's assets from their ownership is the most fundamental element of investor protection provided by authorized funds.
The Depositary also has a responsibility for protecting the interests of incoming, outgoing and continuing investors in a fund. Whilst not having a direct responsibility for the Manager's activities, the Depositary must take reasonable care to ensure that the Manager is properly discharging its own responsibilities.
TECHNICAL COMPETENCIES
Depositary Duties:
- Prepare cash monitoring work on a daily basis (significant cash flows, full cash flows reconciliation).
- Prepare safekeeping of assets work on a daily basis (custody, asset ownership verification and registration).
- Analyze the output of the reconciliations for specific instruments such as OTC Derivatives, ETD, cash, stock, etc.
- Perform oversight checks on valuation (NAV calculation) and safekeeping of units (subscriptions and redemptions oversight).
- Prepare various reconciliations on a monthly basis (cash monitoring, holdings, units) - compare and confirm data per client/accounting reports to data per bank/custody reports; research any discrepancies.
- Make a risk assessment to identify risky items that require to be investigated further and that require escalation.
- Document collection: understand and review the legal documents linked to the activity of an alternative investment fund: ISDA, CSA, due diligence questionnaires.
- Collaborates with the Review Team on an ongoing basis.
- Complete depositary checklist when required in accordance with procedures.
- Stays objective and protects the investor`s interest at all times.
- Ensure agreed timelines are adhered to.
Other:
- Involvement in departmental ad-hoc projects.
- Involvement in the training and development of other team members as necessary.
- Make recommendations for changes to processes and procedures and prepare documentation for review as required.
Qualifications
Specific Qualifications / Skills:
- Numeracy / Literacy skills.
- Accuracy and ability to work to tight deadlines.
- PC literate and competent in use of spreadsheets and word processing.
- The ability to understand investment operations, funds and custody.
- Proficiency in English.
Critical Behaviors for Success as defined:
- Takes Ownership and Initiative
- Ensures accuracy and quality
- Provides outstanding service
- Communicates Effectively
- Displays Insight & Influence
- Fosters Collaboration and Teamwork
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-631700 / Location: Gdańsk, pomorskie
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