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 Specialist, Senior Associate
Collateral Specialist, Senior Associate
Location: Kraków, małopolskie
JOB ID: R-606553
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.
Business overview:
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.
Responsibilities:
- Project management and execution of transition activity
- Facilitate resolution of outstanding issues and/or exceptions with other departments in respect of the unit’s work
- Review and document process flows/procedures and contribute new ideas/improvements to further streamline the process
- Build new tools, coordinate implementation of improvements, lead testing
- Facilitate resolution of outstanding issues and/ or exceptions with other departments in respect of the unit’s work
- Drive LEAN efforts
- Oversee and support ad hoc client requests resolution
- On-board processes, complete testing and documentation
- Build macros, support macro maintenance and coordination with GMAS
- Support current MS Access databases. Project, build and implement new solutions
Specific Qualifications / Skills:
- Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
- Proficient knowledge of MS Access and VBA
- Very good command of English; effective communication, ability to write and sing off official documents
- Experience in finance and custody
- Knowledge of OTC markets/ derivatives instruments
- Numeracy skills; attention to details
- Accuracy and ability to work with tight deadlines
- Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
- Self-motivated and reliant, flexible
- Project Management methodologies would be an advantage
- Degree in Accounting or Finance or Business related area.
- ACCA/CIMA/ACA/CPA qualified or part qualified an advantage.
- Minimum 3 years in Custody or associated business area.
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-606553 / Location: Kraków, małopolskie
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