Who we are looking for
The primary focus of this role is to serve as an expert in Depositary controls executed from Poland, aligning with the company's strategy and resources in the Poland location. The individual in this position must possess a deep understanding of the regulated funds lifecycle, regulations related to Depositary duties, and exceptional leadership skills. Under supervision of Depositary Manager, the Operations Specialist will engage in various projects, special analysis and initiatives relating to technical aspects of the business.
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.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.
Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.
Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.
What you will be responsible for
As Depositary Operations Specialist you will:
- Monitor Cash flows
- Look after Safekeeping of financial instruments
- Look after ownership verification and record keeping & reconciliation of other assets
- Oversight subscriptions and redemptions
- Review asset valuation and calculation of NAV
- Monitor settlement of asset transactions
- Control of income distributions
- Ensure effectiveness of operational procedures and controls
- Identify issues and problems in service delivery and carry out necessary corrective action
- Initiate process improvement, coordinate end-to-end process changes
- Take part as a technical expert when developing, testing, and implementing new tools and/or products that support ongoing business changes
- Provide technical support to Depositary team members
- Act as central point of contact for technical issues encountered in the daily business
What we value
These skills will help you succeed in this role:
- Excellent communication, organizational and planning skills.
- Ability to work with deadlines in a fast paced environment.
- Project management skills.
- Ability to proactively work under own initiative.
- Attention to detail and concern for quality.
Education & Preferred Qualifications
- Overall knowledge of and minimum 4+ years of experience in investment funds operations, financial instruments and fund valuation processes
- Knowledge of UCITS & AIFM directive and its delegated measures
- Proved record of process improvements / simplifications
- Fluency in English, Polish, numeracy skills
- Experience with VBA/Power Query/Xceptor/SQL/Python would be an advantage
- Accountancy or Business related degree (preferred)
- Comprehensive knowledge of systems, including Microsoft Office applications is require
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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State Street's Speak Up Line
Załącznik do standardu Whistleblowing i Speak Up SSBI GmbH dla Oddziału w Polsce
