Who we are looking for
The major focus of this role is to execute various Depositary controls delivered from Poland in line Service Level Agreement. Candidates must understand role which Depositary plays in investment fund lifecycle. You will act as a process SME and provide technical support to Depositary Supervisor and teams to ensure all deliverables are produced and dispatched on time in accordance with client service level agreements and agreed quality standards.
Why this role is important to us
Depositary is an EMEA specific regulatory function with fiduciary duty to the end investor.
European investment funds, whether UCITS or AIF, must appoint a Depositary in accordance with the UCITS and AIFM Directives. The Depositary is responsible for the safekeeping of the investment fund's assets and therefore ensures separation of those assets from the management of the fund. In addition, the depositary is required to perform oversight functions and, in this way, oversees certain activities of the fund manager such as valuation of the fund assets and monitoring of fund cash flows.
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What you will be responsible for
Person in this role will be responsible for executing following tasks (preparation and review):
- Safekeeping of financial instruments
- Ownership verification and record keeping & reconciliation of other assets
- Cash flows monitoring
- Monitoring of investment restrictions
- Oversight of subscriptions and redemptions
- Review of asset valuation and calculation of NAV
- Monitoring of settlement of asset transactions
- Control of income distributions
- Identify issues and problems in service delivery and carry out necessary corrective action. Ensure the issues log is updated and track progress
What we value
These skills will help you succeed in this role:
- Good communication, organizational and planning skills.
- Ability to work with deadlines in a fast paced environment.
- Ability to proactively work under own initiative.
- Attention to detail and concern for quality.
- Fluency in English - written and spoken
Education & Preferred Qualifications
- Graduate or during studies in Economics / Finance or related
- Eager to learn and develop
- Good with numbers and Excel
- Min 1 year experience in Finance / Banking industry or related
- Knowledge of AIFMD, CSSF regulations would be an advantage
What we offer:
- Indefinite contract from day one
- Private medical care - Luxmed Gold Package
- Live and health insurance
- Retirement program
- Flexible working hours
- Multisport Plus card
- Training opportunities organized internally and externally ( employee-chosen external trainings / qualifications / postgraduate studies/ language courses)
- Additional days off (volunteering days, disconnect day, birthday off day)
- Paid referral program (for referring candidates to open positions)
- Participation in company committees: Sports Club, Culture & Nationality Committee, Diversity Committee, Toastmasters (public speaking practice), ESEAN (Environmental Committee) and many others
- Technical / Leadership development path
Additional Location
Krakow or Gdansk
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs 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 perspectives 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 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 programs 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.
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