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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
Job Expectations and Priorities
Specific Qualifications / Skills:
Minimum 4 years of related experience in the financial/investment services industry
Degree in Accounting or Finance or Business related area.
ACCA/CIMA/ACA/CPA qualified or part qualified an advantage
Communicates effectively and accurately in English, German a plus
Strong leadership, management, and organizational skills
Ability to work under pressure and to tight deadlines
Ability to work on own initiative
Very good management skills
Self- motivated, flexible, personable
Good working knowledge of software packages, particularly Microsoft Excel
Good interpersonal skills and an understanding of the rudimentary aspects of the global financial industry and also to Collateral Management would be advantageous
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;
Soft skills trainings;
Internal Number: 6244044
About State Street
eFinancialCareers is a career site specializing in financial services.