Counterparty Credit Risk Manager, Prime Brokerage & Clearing

State Street•Boston, MA

1d•Onsite

About The Position

The position is for a Counterparty Credit Risk Manager within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division. Primary responsibility is the oversight of counterparty credit risk across Prime Brokerage and Clearing activities within the State Street Markets (SSM) business unit. SSM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, brokerage services, and sales and trading in foreign exchange markets.

Requirements

Ability to identify problems and limitations, propose solutions or proactively address them directly
Ability to communicate and write clear and precise presentations and technical documentation describing processes and risk methodologies
Self-motivated and able to work independently with excellent time-management skills
Ability to cooperate with others and foster an environment that supports effective teamwork
Strong critical thinking ability; promote and support a culture of challenge and risk excellence
Comfortable in conflict resolution as appropriate with others and in a matrix organization
Highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements
Degree/Post-graduate degree in relevant and/or quantitative subjects
Minimum of 7+ years of hands-on industry experience with in-depth knowledge of Prime Brokerage and Clearing counterparty credit risk management at a large banking institution
Ability to provide prototype implementations and work closely with IT and other groups

Responsibilities

Provide global independent credit risk oversight of credit exposures across Prime Brokerage and Clearing activities including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting
Lead the negotiation of legal agreements and supporting documentation
Authorize trades for counterparties across products based on pre trade stress analysis and risk appetite
Improve credit risk governance and monitoring practices for Prime Brokerage and Clearing risk management
Contribute to enhancing CCR limit framework and risk management systems to support new business products and initiatives
Develop good working relationships with traders and business analysts within SSM and other business units, and with support functions and technology departments
Contribute to risk and/or regulatory projects; independently driving forward assigned tasks

Benefits

retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks