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State Street Bank
State Street Bank
location iconLocations: Gdańsk
level iconLevel: specialist
time iconWorking hours: Full time
Senior Depositary Analyst, Associate 2
Location: Gdańsk, Kraków

Who we are looking for:

Depositary has oversight responsibilities for the Investment Manager's activities in a number of key areas such.

The Depositary is also responsible for the safeguarding of the assets of the authorized fund. This separation of the management of the fund's assets from their ownership is the most fundamental element of investor protection provided by authorized funds.

The Depositary also has a responsibility for protecting the interests of incoming, outgoing and continuing investors in a fund. Whilst not having a direct responsibility for the Manager's activities, the Depositary must take reasonable care to ensure that the Manager is properly discharging its own responsibilities.

Why this role is important to us:

The Senior Depositary Analyst is responsible for analyzing and review the content and monitoring the quality on a wide spectrum of depositary control functions, namely cash-flow monitoring, safekeeping of assets and general oversight functions.

What you will be responsible for:


Oversight Duties:

  • Prepare and review cash monitoring work conducted by the team (significant cash flows, full cash flows reconciliation).
  • Prepare and review safekeeping of assets work conducted by the team (custody, asset ownership verification and registration).
  • Perform oversight checks on valuation and safekeeping of units work conducted within the Depositary team (subscriptions and redemptions oversight).
  • Reconciliations: analyze the output of the reconciliations for specific instruments such as OTC Derivatives, ETD, cash, stock, etc.; make a risk assessment to identify risky items that require to be investigated further and that require escalation.
  • NAV calculation: review procedures in place to calculate the NAV and understand the drivers of the NAV calculation, review income distribution calculations; ensure that the receivable and payable accounts linked to shareholder activity are in good order
  • Trade settlement, income and cash: risk assessment of trades, cash and income not timely settled/received.
  • Investment Restriction Compliance: identify breaches and check if escalation is required.
  • Transfer Agency: understand the risk items linked to the transfer agency activity and review the output of the reconciliation of the collection account.
  • Collaborates with the all team members on an ongoing basis
  • Assists where required in preparing daily deliverable and reviews reports prepared by team.
  • Controls the quality of the prepared work.
  • Complete the reviewers’ checklist when required in accordance with procedures.
  • Stays objective and protects the investor`s interest at all times.


  • Performs special projects and other tasks as assigned by the Team Manager.
  • Involvement in the training and development of other team members as necessary.
  • Assists Team Supervisor in the organization of the Team and in ensuring that departmental procedures and controls are adhered to.
  • Assists Team Supervisor in implementing new procedures and controls.

What we value:

These skills will help you succeed in this role:

  • Takes Ownership and Initiative
  • Ensures accuracy and quality
  • Provides outstanding service
  • Communicates Effectively
  • Displays Insight & Influence
  • Fosters Collaboration and Teamwork

Education & Preferred Qualifications

Specific Qualifications / Skills:

  • Numeracy / Literacy skills.
  • Good organizational skills in order to meet deadlines and keep well-documented records.
  • PC literate and competent in use of spreadsheets and word processing.
  • The ability to understand complex investment fund structures and to identify the risks inherent in those structures.
  • A thorough understanding of fund administration is required.
  • Experience in finance, custody or funds would be an advantage.
  • Excellent English.
  • Knowledge about UCITS V and AIFMD regulations

Previous level of experience:

  • 1+ years experience in finance, custody or funds fund administration would be recommended

Who we are looking for

Senior Derivatives Specialist, Associate 2 will be responsible for accurately handling OTC derivatives, including (but not limited to) CFD, Credit Default Swap, Interest Rate Swap, Basket Swap, Total Return Swap, Options and cash transactions to our Custody and Accounting systems. This individual will resolve data quality issues through interaction with other processing teams, client service and brokers. The candidate will act as a first level resource within assigned business unit to process transactions in accordance to established procedures. The individual will perform various daily tasks within the business unit as necessary to support processing routines and assist with other related duties as required.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Senior Derivatives Specialist a you will be responsible for

  • Carry out core and complex processing activities in accordance with established procedures

  • Perform daily process checks and provide support within the deadlines

  • Ensure all transactions are booked within various systems and communicated third parties.

  • Ability to multitask, ensure accuracy and execute against pre-determined deadlines

  • Offer suggestions for updating, standardizing and improving the process where possible

  • Acts as a resource within the assigned business unit to resolve complex or non-routine processing related questions/issues with a sense of urgency

  • Identifies and takes ownership of issues. Ensures problem resolution is well-documented and communicated to the appropriate parties.

  • Assists team with creating, updating and maintaining procedures.

  • Accountable for quality, accuracy and timeliness of results

  • Train staff on principles of the process

  • Adhere to established operating risk, and compliance controls and standard operating procedures.

What we value

These skills will help you succeed in this role:

  • Attention to details, strong analytical and problem solving skills
  • Strong interpersonal and communication skills in both verbal and written forms.
  • Advanced PC skills including MS Office applications (MS Excel mostly)
  • Ability to work with tight deadlines
  • Ability to collaborate and teamwork; organizational skills
  • Self-motivated and proactive

Education & Preferred Qualifications

  • Excellent numerical and analytical abilities.
  • Working knowledge of software packages particularly Microsoft Excel
  • Business related degree (preferred)
  • Preferred but not essential: Minimum 1 year of related work experience in custody, fund accounting, derivatives and/or experience in an financial/analytical environment
  • Knowledge of financial securities markets and understanding of OTC products and their lifecycle would be an asset
  • Good Command in English
About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer.


  • iconAnalytics & Reporting, Banking
  • iconEnglish
  • iconGdańsk, Kraków, pomorskie, małopolskie

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