Front Office Credit Risk Analyst, Officer (Onsite)

State Street•Boston, MA

10d•Onsite

About The Position

State Street Markets is seeking an Officer to join its Risk and Financial Resource Management team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across business units including Financing Solutions, FX Sales & Trading, and Portfolio Solutions, and performs Financial Resource Management covering allocation, monitoring, and optimization of capital, funding, and liquidity. Reporting to the Head of Front Office Credit Risk in Boston, the role is responsible for first-line credit risk management across State Street Markets business units. It supports credit risk management across multiple product offerings and requires traditional counterparty credit analysis skills and trading product knowledge. The role is based in Boston and requires a minimum of four days per week in the office.

Requirements

Bachelor's degree or equivalent in an economics- or business-related field.
Strong risk management and control focus.
Demonstrated ability to multitask and work in a fast-paced, deadline-oriented environment.
Strong verbal and written communication skills.

Nice To Haves

Two to five years of counterparty credit risk experience preferred.
Formal credit training strongly preferred.
Professional designation such as CFA or FRM preferred but not required.
Background in Capital Markets with exposure to FX and OTC derivatives.
Experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds.

Responsibilities

Conduct credit reviews of counterparties and prospects within each State Street Markets business line.
Partner with sales and relationship management teams to provide timely and thorough credit analysis of new relationships.
Negotiate client-facing credit terms in legal agreements for State Street Markets counterparties and ensure appropriate monitoring of ATEs.
Liaise with relationship management and front-office trading to support counterparty review of lending supply.
Manage the collection of up-to-date financial information for counterparties.
Participate, under the direction of the credit team leader, in periodic and ad-hoc due diligence calls and visits.
Review and analyze credit utilization reports and investigate over-limit conditions.
Help manage the relationship between Front Office Risk and Enterprise Risk Management.
Inform Enterprise Risk Management of relevant counterparty developments.
Perform other tasks assigned to support the Front Office Credit and Market Risk teams.

Benefits

401(k) retirement savings plan with company match.
Medical insurance.
Dental insurance.
Vision insurance.
Basic life insurance and other optional additional coverage.
Long-term disability coverage.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.