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Senior Associate in Collateral Management – help reduce credit risk & streamline processes.
Based in Krakow, Poland, with full benefits and a focus on compliance, Lean and client collaboration.
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.
Specific Duties
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
Work Parameters Or Boundaries
Internal procedures and regulations
Internal Service Level Agreements
FSA, EMIR Regulations
Key Performance Indicators – timeliness and accuracy
Project status, quantity and quality
Capacity goals
Job Expectations and Priorities
GMAS certification
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
Level Of Education
Degree in Accounting or Finance or Business related area.
ACCA/CIMA/ACA/CPA qualified or part qualified an advantage.
Previous Level Of Experience
Minimum 3 years in Custody or associated business area.
Work Environment
1. As relates to Employee’s job related task and duties Employee is responsible towards his direct Superior.
2. All issues with which Employee turns to the one level up Manager should have been discussed with his direct Superior.
3. Employee has the right to appeal from every decision of his direct Superior to the one level up Manager.
Employee’s responsibility rules
Employee’s responsibility rules
1. Employee is made accountable for all his job duties and State Street’s property entrusted to him.
2. Employee's responsibility concerns at equal degree entrusted duties, decisions taken and the initiative required at the given position.
3. Employee is responsible at equal degree for decisions taken and not taken when the situation requires that.
4. Employee commits not to disclose any information that might be considered as confidential for the Employer.
5. Employee is obliged to comply with all regulations and procedures concerning Health and Safety, environmental protection and company’s directions in this domain.
6. Employee does his best to make the work environment and culture safe for him and his colleagues.
Minimum Salary
zł87,000 Annual
The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.
Salary Determination
Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.
In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.
We Offer
Permanent contract from day one
Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
Gold Medical Package for employees and their families (partner and children)
Premium life insurance package and private pension plan
Wide range of soft skills training, technical workshops, language classes and development programs
Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
Variety of well-being programs
Additional benefits available depending on the seniority of the role
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.
Legal Notice
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.
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