Front Office Market Risk Analyst (Prime Services and Broker Dealer), Vice President
About The Position
We are looking for a Market Risk Analyst with a background in prime brokerage risk management. This role sits within the Front Office Market Risk function supporting prime brokerage and broker dealer activities, with direct responsibility for real-time risk monitoring, margin oversight, and risk-based decision-making across hedge fund client portfolios. The Risk Analyst will be part of a dynamic and fast-paced work environment with frequently changing projects and assignments. A significant degree of autonomy, including making careful decisions that implement State Street’s risk appetite under pressure, is also required.
Requirements
- BS in Finance, Economics, Mathematics, Engineering or related field.
- 5+ years of experience in prime brokerage margin risk management.
- Solid understanding of portfolio risk, combined with a track record of making effective risk management decisions and communicating with front office and clients
- Strong understanding of Margin methodologies (Reg T, portfolio margin, house models)
- Familiarity with trade settlement and give-up mechanics, including PB give up practices
Nice To Haves
- Series 7 registration
- Knowledge of ISDA/CSA, SIMM, or bilateral margin frameworks
- Familiarity with risk platforms (Bloomberg, TS Imagine, etc.)
- Python coding expertise
- Familiarity with credit risk and due diligence process for prime brokerage and other capital markets trading activity is preferred.
- Prior experience in broker/dealer operations
- Professional designations (CFA, FRM) preferred but not req
Responsibilities
- Perform intraday and end-of-day risk oversight of hedge fund portfolios across Equity L/S, Credit, and Convertible Arbitrage strategies
- Analyze and challenge margin models, including sensitivity to volatility, liquidity, and concentration risk
- Conduct stress testing and scenario analysis (historical + hypothetical) to evaluate tail risk and liquidity shocks
- Monitor and enforce risk limits (leverage, stress loss, concentration, financing exposure)
- Escalate breaches and make risk-based recommendations under time-sensitive conditions
- Partner with Prime Brokerage, Securities Finance, and Trading desks to assess financing risk and collateral sufficiency
- Evaluate portfolio leverage, liquidity horizons, and crowding risks
- Participate in client onboarding and due diligence reviews from a risk perspective
- Contribute to risk methodology enhancements (margin models, stress scenarios, liquidity assumptions)
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 (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
- vibrant employee networks
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
