Alpha Operations - Collateral Specialist, hybrid, Senior Associate
State Street · Kraków, Lesser Poland, PL
Alpha Operations Collateral Management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calcul...
Job description
About the role: Alpha Operations Collateral Management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties. The daily calculations are based on MTM of the underlying trades and results in sending Margin Calls, which in turn lead to agreeing transfers. 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. Your new role: As an Alpha Operations Collateral Specialist you will be responsible for: - Project management and execution of transition activity - Participate/coordinate in processes on-boarding, testing - Facilitate resolution of outstanding issues and/or exceptions with other departments in respect of the unit’s work - Oversee and support ad hoc client requests resolution - Build macros, support macro maintenance and coordination with GMAS - Project, build and implement new solutions - Build new tools, coordinate implementation of improvements; lead testing - Support macro maintenance and AI developments - Independently review and document process flows/ procedures and contrib...