Middle Office Specialist in Cash & Collateral Team, Senior Associate Middle Office Specialist in Cash & Collateral  …

State Street Corporation
in Gdańsk, Pomorskie, Poland
Permanent, Full time
Last application, 27 May 20
Competitive
State Street Corporation
in Gdańsk, Pomorskie, Poland
Permanent, Full time
Last application, 27 May 20
Competitive
State Street Corporation
Middle Office Specialist in Cash & Collateral Team, Senior Associate
Who we are looking for
A person who p erform the daily Collateral Management and Cash processes in accordance with internal controls and procedures.

Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.
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 Middle Office Specialist you will
  • 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 cash and collateral payments for trade settlements.
  • Ensure client issues are highlighted and escalated when necessary.
  • Train Associates in the daily processes.
  • Be sscalation point for queries.
  • Perform the collateral and cash work flows on allocated clients
  • Ensure all daily counterparty statements are received and reviewed by the Team
  • Interact on a daily basis with external parties i.e. clients and ISDA counterparts
  • Identify trade, Independent Amount (IA) and collateral balance breaks with counterparties
  • Ensure all agreed collateral moves are completed, with the appropriate systems updated as record
  • Perform daily review for cash & collateral tasks
  • Ensure Detailed Checklist is complete
  • During the course of normal day to day activities, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What we value
These skills will help you succeed in this role
  • IT Literate
  • Good understanding of currency settlement and other applicable deadlines
  • Understand the process flow from trade inception to close out
  • Strong verbal and written communication skills
  • Strong analytical skills
  • Ability to perform effectively within strict client deadlines

Education & Preferred Qualifications
  • Degree in Accounting or Finance or Business related area
  • Very good English
  • In depth knowledge of some OTC product types, collateral, cash and treasury related requirements
  • Knowledge of processing functions: Cash moves (SWIFT)

We offer
  • Employee savings plan
  • Premium life insurance package
  • VIP medical package
  • International operating environment
  • Language classes
  • Soft skills trainings
  • Technical workshops
  • Development sessions with a mentor
  • Diversity of opportunities across a range of challenging and highly complex activities
  • Technical or leadership career pathway

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.
Discover more at StateStreet.com/careers
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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