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Senior Specialist – Collateral Management at State Street in Krakow; reduce credit risk with MTM calculations.
Lead daily margin calls, ensure regulatory compliance, and drive risk mitigation initiatives.
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 Duties
Carry out daily responsibilities independently with minimal guidance and supervision
Hold self and/or others accountable for achieving agreed deadlines, or milestones.
Independently resolve problems
Clearly communicate complex operational or technical subjects to internal or external clients, both in formal and informal fashion
Communicate effectively, both verbally and in writing
Mature and professional conduct
Lead others in generating solutions that represent the groups' best collective thinking
Support and motivate others to reach goals
Utilize diverse workforce and talent to attain individual, team, and department goals
Show a positive attitude
Manage projects
Collaborate with internal and external groups to identify, analyze and proactively resolve issues
Key point of contact for internal/external clients
Provide coaching and development opportunities to staff
Ensure SOPs/regulations are met; escalat (named in original as "escalate as needed")
Identify all risk issues, breaches and suspicious transactions and act in accordance with the 'risk' escalation chain and operating procedures
Work Parameters Or Boundaries
Internal procedures and regulations
Internal Service Level Agreements
FSA, EMIR Regulations
Key Performance Indicators – timeliness and accuracy
Capacity goals
Specific Qualifications / Skills
Numeracy / Literacy skills
Confident in dealing with all situations
Excellent Communication
Organisational and Report Writing skills
Proficient in the use of MS Office tools
Provide outstanding service to all client/s - internally & externally
Communicate effectively at all levels within the organization
Display organizational insight & influence
Foster collaboration & team work
Communicate effectively and accurately in English
Strong organizational skills
Ability to work under pressure and to tight deadlines
Ability to work on own initiative
Self- motivated, flexible
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 4 years of related experience.
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
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
Minimum Salary: zł132,000 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 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.
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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