Senior Derivatives Specialist, Associate 2

State Street Corporation; Kraków; On-site; PLN 61,000 - 75,000; Full time

Benefits offered by this job

Permanent contract

Birthday off

Gold Medical Package for employees and

Private pension plan

Training and development programs

Volunteer days

Job summary

State Street Corporation in Kraków is seeking an OTC Derivatives Middle Office specialist to support global investment managers through the full lifecycle of complex OTC derivatives. You will handle trade processing, confirmations, settlements, investigations, and client service while collaborating with internal and external stakeholders in a dynamic, global operating model.

Three days per week in the office are required; you will contribute to risk management, process improvements, and

Qualifications

• Experience in Middle Office, Derivatives Operations, or related financial services.
• Understanding of OTC derivatives and trade lifecycle events is preferred.
• Strong analytical, problem-solving, and communication skills.

Responsibilities

• Manage OTC derivatives throughout the trade lifecycle, including trade capture, validation, resets, amendments, exercises, expiries, and settlements.
• Process and monitor trade confirmations and resolve outstanding exceptions.
• Support cash settlement activities, investigate breaks, and ensure timely resolution of issues.
• Partner with Investment Managers, Counterparties, Custodians, Fund Accounting, Back Office and Technology teams.
• Perform operational investigations and drive issue resolution.
• Ensure compliance with risk, control, and regulatory requirements.
• Contribute to process improvement, automation, and onboarding of new products and clients.
• Support knowledge sharing and development of junior team members.

Skills

Middle Office

Derivatives

Investment Operations

Fund Accounting

Financial Services

Tools

Excel

Job description

About the Role

Join our OTC Derivatives Middle Office team and support global investment managers across the full lifecycle of complex OTC derivative products. You will play a key role in trade processing, confirmations, settlements, exception management, and client service, working closely with internal and external stakeholders in a dynamic global operating model.

Key Responsibilities

• Manage OTC derivatives throughout the trade lifecycle, including trade capture, validation, resets, amendments, exercises, expiries, and settlements.
• Process and monitor trade confirmations and resolve outstanding exceptions.
• Support cash settlement activities, investigate breaks, and ensure timely resolution of issues.
• Partner with Investment Managers, Counterparties, Custodians, Fund Accounting, Back Office and Technology teams.
• Perform operational investigations and drive issue resolution.
• Ensure compliance with risk, control, and regulatory requirements.
• Contribute to process improvement, automation, and onboarding of new products and clients.
• Support knowledge sharing and development of junior team members.

What We Are Looking For

• Experience in Middle Office, Derivatives Operations, Investment Operations, Fund Accounting, or a related financial services environment.
• Understanding of OTC derivatives and trade lifecycle events.
• Strong analytical, problem-solving, and communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Strong attention to detail and risk awareness.
• Proficiency in Excel and operational platforms.

Preferred Experience

• Interest Rate Swaps (IRS)
• Total Return Swaps (TRS)
• FX and Equity Options
• Credit Default Swaps (CDS)
• CFDs and other OTC structured products
• Client-facing operational support and exception management.

Key Competencies

• Client Focus
• Analytical Thinking
• Risk & Control Mindset
• Communication & Stakeholder Management
• Accountability
• Continuous Improvement
• Team Collaboration

Why Join Us?

You will gain exposure to a broad range of OTC derivative products, work with global clients and stakeholders, and contribute directly to operational excellence within the Derivatives Centre of Excellence.

Note: The role requires a minimum of three days per week working from the office.

Salary and Benefits

Minimum Salary: zł68,004 Annual.

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.

We Offer:

• Permanent contract from day one
• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
• Gold Medical Package for employees and their families (partner and children)
• Premium life insurance package and private pension plan
• Wide range of soft skills training, technical workshops, language classes and development programs
• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
• Variety of well-being programs
• Additional benefits available depending on the seniority of the role

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.