Front Office Credit Risk Analyst, Assistant Vice President (Onsite)
About The Position
State Street Markets (“SSM”) is looking for an AVP to join the SSM Risk and FRM team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, and Portfolio Solutions. Additionally, Financial Resource Management (‘FRM’), covering allocation, monitoring, and optimization of capital, funding, and liquidity is performed. Reporting to the Head of Front Office Credit Risk in Boston, this AVP role is responsible for first line credit risk management across multiple business units within SSM. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success. The ideal candidate will have a background in Capital Markets with exposure to FX and OTC Derivatives. These prerequisites will position the candidate for success in their support of multiple SSM product offerings. Demonstrated experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds is of central importance. The role is in Boston, with a minimum of 4 days per week in the office.
Requirements
- Bachelor's Degree or equivalent in an economics or business-related field.
- 3-5 years’ experience in counterparty credit risk preferred.
- Formal credit training is strongly preferred.
- Professional designation (CFA, FRM) preferred but not required
- Strong risk management and control focus.
- A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment.
- Strong verbal and written communication skills.
Nice To Haves
- Advanced degree preferred.
- Professional designation (CFA, FRM) preferred but not required
Responsibilities
- Conduct credit reviews of counterparties and prospects within each SSM business line.
- Partner with sales and relationship management teams to ensure timely and thorough credit analysis of new relationships.
- Negotiate client-facing credit terms in agreements for all SSM counterparties and ensure appropriate monitoring of ATEs.
- Manage the collection of up-to-date financial information for all counterparties.
- Participate in periodic and ad-hoc due diligence calls and visits.
- Proactively review and analyze credit utilization reports and investigate any over-limit conditions.
- Help manage the relationship between Front Office Risk and Enterprise Risk Management.
- Inform Enterprise Risk Management of all relevant counterparty developments.
- Perform any other tasks assigned to support the Front Office Credit and Market Risk teams.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
