Front Office Credit Risk Analyst, Officer (Onsite)
About The Position
State Street Markets (SSM) is seeking an Officer to join its Risk and Financial Resource Management (FRM) team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM business units, including Financing Solutions, FX Sales & Trading, and Portfolio Solutions. The team also allocates, monitors, and optimizes capital, funding, and liquidity. Reporting to the Head of Front Office Credit Risk in Boston, this role provides first-line credit risk management across SSM business units. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites. The ideal candidate has a Capital Markets background with exposure to FX and OTC derivatives; experience analyzing a wide variety of counterparties, including financial institutions and alternative funds, is a plus. The role is based in Boston and requires at least 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.
- Ability to multitask and operate in a fast-paced, deadline-oriented environment.
- Strong verbal and written communication skills.
- At least four days per week in the Boston office.
Nice To Haves
- Two to five years of experience in counterparty credit risk.
- Formal credit training.
- Professional designation such as CFA or FRM.
- Capital Markets background 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 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 legal agreements for SSM 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 in periodic and ad-hoc due diligence calls and visits under the direction of the credit team leader.
- 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 developments involving counterparties.
- Perform other tasks assigned to support the Front Office Credit and Market Risk teams.
Benefits
- 401(k) retirement savings plan with company match.
- Basic life, medical, dental, vision, long-term disability, and optional insurance coverage.
- Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
