Senior OTC Derivatives Specialist

to join the insource organization supporting the State Street EMEA

Why State Street Bank Poland?

Operating in Europe since 1970 State Street services clients in multiple locations. State Street Bank Poland was first established in 2007 in Kraków. Today State Street Bank Poland employs over 2500 staff members at three sites across the city and will now open a new office in Gdańsk. This will offer multiple opportunities to gain experience in diverse areas of the investment fund cycle as our Poland branch provides investment fund accounting and related services to clients of multiple State Street locations and business units across Europe. We offer positions in a challenging, rapidly changing and international environment. State Street offers a significant scope for personal growth and career progression. Throughout your career at State Street you will be provided with a wide range of training opportunities and internal mobility options as well as individual development plans, attractive benefits (including Employee Savings Plan) and an excellent remuneration package. The continuous development of our employees from day one is critical as we continually seek to develop and expand the local management team and create future leaders from within.

Job Description:

Job Summary

An opportunity exists for an Associate 2 position working in a challenging environment within the OTC derivatives centre of excellence in Poland. For the right candidate this represents a good opportunity to gain extensive knowledge of OTC derivatives & the OTC market supporting global OTC trading books.

Reporting to a Senior Associate, this position is an opportunity for a recent graduate or second jobber to gain exposure to and invaluable knowledge of OTC derivatives and the trade supporting functions carried out by the Derivatives centre of excellence in Gdansk, Poland. This is also great opportunity to be involved in the development of a start-up venture in the Gdansk office. The Gdansk team will have a direct reporting line into the DCOE Ireland office.

Job Duties and Responsibilities

Derivatives

•  Carry out core and complex processing activities in accordance with established procedures
• Ability to multitask, ensure accuracy and execute against pre-determined deadlines
• Perform custom work for complex funds, look for ways to standardize when possible
• Handle complex issues and escalate as needed acting with a sense of urgency
• Accountable for quality, accuracy and timeliness of results
• Train staff on basic principles of process
• Identify and report all risk and compliance issues, breaches and suspicious activities
• Act in accordance with Risk Excellence as part of our Way Ahead foundation
• Perform related duties as assigned

Qualifications:

Core Competencies

• Knowledge of or an interest in OTC derivative products (Interest Rate Swaps, Total Return Swaps, Credit Default Swaps, CFDs, Swaptions, FX Options)
• Highly computer literate with a very good knowledge of Excel              
• Excellent analytical skills & attention to detail
• Highly organised
• Ability to work to tight deadlines
• Preferably 1-2 years’ experience in a Derivatives/Reconciliations role. 

Disposition

• Team Player
• Self-Motivated and reliant
• Enthusiastic
• Uses Initiative

 Other

• Financial or Business background
• Knowledge of OTC derivative instruments is desirable
• An honours degree from a related / numeracy based discipline required
• Excellent English required. All training and reporting will be communicated in English.