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.
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
• Project management and execution of transition activity
• Participate/coordinate in processes on-boarding, testing
• Facilitate resolution of outstanding issues and/or exceptions with other departments in respect of the unit’s work
• Oversee and support ad hoc client requests resolution
• Build macros, support macro maintenance and coordination with GMAS
• Project, build and implement new solutions
• Build new tools, coordinate implementation of improvements; lead testing
• Support macro maintenance
• Independently review and document process flows/ procedures and contribute new ideas/improvements to further streamline the process
• Get involved in departmental and external ad-hoc projects
• Train and develop other team members
• Be a change agent, support LEAN efforts
What we value
These skills will help you succeed in this role
• Effective communication
• Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
• Self-motivated and reliant, flexible
Education & Preferred Qualifications
• Very good knowledge of MS Excel and Outlook;
• Power Point and Word will be an advantage
• Numeracy skills; attention to details
• Accuracy and ability to work with tight deadlines
• Understanding of financial markets basics
• Good command of English;, ability to write official documents
• Experience in finance or other related area
• Knowledge of OTC markets/ derivatives instruments or VBA
would be an advantage
• Degree in Accounting or Finance or Business related area.
• ACCA/CIMA/ACA/CPA qualified or part qualified an advantage.
• Minimum 2 years in Custody or associated business area.