Middle Office Senior Administrator in Collateral (supporting Ireland), Associate 2

State Street
Krakow, Poland
Not disclosed
19 Jan 2022
19 Feb 2022
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

A person that motivated to work in challenging and dynamic environment. There is never the same day in Collateral, we are dependent on the market situation and provide the best quality service to our clients that are often well-known financial institutions. As knowledge we possess is specific for the team we look for a person that is open to learn, has a good level of English, and is ready for multitasking. Collateral management's focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. 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 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 Product Administrator you would be performing the daily Collateral Management in accordance with internal controls and procedures.

  • Collateral Management
  • Calculate all collateral movements required in accordance with the terms specified in the ISDA, PSA and ISMA agreements, as received by IFS.
  • As authorized, direct and monitor collateral payments for trade settlements.
  • Support Supervisor in ensuring client issues are highlighted and escalated when necessary.
  • Training of Associates in the daily processes
  • Complete all assigned tasks accurately and in a timely manner
  • Perform the collateral work flows on allocated clients
  • Ensure all daily counterpart statements are received and reviewed by the team
  • Interact on a daily basis with external parties i.e. clients and ISDA counterparts
  • Identify balance breaks with counterparties
  • Ensure all agreed collateral moves are completed, with the appropriate systems updated as record
  • Perform daily review of Associate 1 tasks
  • Demonstrate risk excellence by escalation any doubts, potential risk or audit issues through proper channels of communication,
  • Reply timely and with professional manner to queries via different communication channels
  • Coordinate escalations, make sure no queries and tasks as unanswered

What we value

These skills will help you succeed in this role:

  • A knowledge of OTC product types, collateral, cash, and treasury related requirements
  • Knowledge of processing functions:
  • Cash moves (SWIFT)
  • Good understanding of currency settlement and other applicable deadlines
  • Understand the process flow from trade inception to closeout
  • Strong verbal and written communication skills
  • Very good knowledge of MS Excel and Outlook; PowerPoint and Word will be an advantage
  • Understanding of financial markets basics
  • Good command of English; effective communication
  • Strong analytical skills
  • Ability to perform effectively within strict client deadlines

Education & Preferred Qualifications

  • Degree in Accounting or Finance or Business related area
  • Highly numerate
  • IT Literate

We offer

  • Flexible working hours (restricted to the current business need)
  • Interesting, non-repetitive process
  • Hybrid Working model (involves few days WFH and few days work from office in a week)
  • Employee savings plan
  • Premium life insurance package
  • VIP medical package
  • International operating environment
  • Language classes
  • Soft skills trainings
  • Technical workshops 

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.

For further information, and to apply, please visit our website via the “Apply” button below.

Similar jobs

More searches like this

Similar jobs