Front Office Market Risk Analyst, Assistant Vice President

State Street•Boston, MA

13d•Onsite

About The Position

State Street Markets is seeking a Market Risk Analyst to support Securities Financing activities, including Prime Brokerage and Securities Lending. The role is responsible for real-time portfolio risk oversight, margin governance, collateral adequacy, and risk-based decision making across hedge fund, broker, and agency lending client exposures. The successful candidate will possess strong expertise in analyzing hedge fund portfolios across a range of investment strategies, including Equity Long/Short, Credit, and Convertible Arbitrage. This position requires sound judgment, the ability to operate independently in a fast-paced environment, and confidence making risk decisions under pressure. The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success. As one of the largest and most experienced securities financing providers in the industry, we provide investors with market-leading expertise, technology and scale to accelerate decision-making and enhance performance. With a focus on innovative financing solutions, we’ve expanded our services to support a range of agency lending, repo and prime services, helping investors access new pools of liquidity and providing competitive overnight and term cash investment financing. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

Requirements

Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline.
3+ years of experience in Prime Brokerage, Securities Financing, or Margin Risk Management.
Strong understanding of hedge fund portfolio risk across equity, credit, and relative-value strategies.
Experience evaluating portfolio leverage, liquidity, financing, and collateral risks.
Working knowledge of margin methodologies, including Reg T, portfolio margin, and house margin models.
Demonstrated ability to make risk decisions and communicate effectively with front-office teams and clients.
Understanding of trade settlement processes and Prime Brokerage give-up mechanics.

Nice To Haves

Series 7 registration.
Knowledge of ISDA/CSA documentation, SIMM, and bilateral margin frameworks.
Experience with market risk platforms such as Bloomberg, TS Imagine, or similar systems.
Python or other quantitative programming skills.
Familiarity with Prime Brokerage counterparty credit risk and client due diligence processes.
Prior broker-dealer or securities financing experience.
CFA, FRM, or comparable professional designation.

Responsibilities

Perform intraday and end-of-day risk monitoring of hedge fund and financing portfolios.
Assess collateral sufficiency and margin adequacy for Prime Brokerage and Securities Lending exposures.
Analyze portfolio risks, including leverage, liquidity, concentration, and financing exposures.
Review and challenge margin methodologies, evaluating sensitivity to volatility, liquidity, and concentration risks.
Conduct stress testing and scenario analysis to assess tail-risk events and liquidity shocks.
Monitor risk limits and escalate breaches with clear risk-based recommendations.
Partner closely with Trading, Prime Brokerage, and Securities Finance teams to evaluate client and portfolio risk.
Support risk assessments for new client onboarding and due diligence reviews.
Contribute to the enhancement of risk frameworks, margin models, and stress-testing methodologies.

Benefits

competitive and comprehensive benefits packages
generous medical care
insurance and savings plans
flexible Work Programs
wealth of development programs and educational support
paid volunteer days
matching gift programs
access to employee networks
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