Market Risk

State Street•Boston, MA

2d•$82,014 - $180,000•Hybrid

About The Position

This self-motivated Market Risk Analyst will use a strong technical and quantitative aptitude providing market risk exposure oversight as part of the ERM Trading and Market Risk team, and the candidate will contribute to the establishment and maintenance of best practices and governance policies pertaining to report compilation, data integrity, and distribution. Specific responsibilities include providing global independent risk oversight of market risk, including identification of risks and drivers, establishment and maintenance of risk limits and other risk controls, measurement and analysis of risks, and monitoring and reporting of risks, including validation of position data and risk calculations. Substantial interaction with traders and other support functions; helping develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools; analyzing and continuously enhancing market risk models (VaR, Expected Shortfall, PV01, Option Greeks); performing stress testing, identify portfolio vulnerabilities and support the stress testing scenario design process; monitoring Market Risk limits and appropriately escalate exceptions; developing good working relationships with colleagues within Financial Risk and ERM, SSGM and other business units, support functions (e.g., operations, assurance functions) and technology; and contributing to risk and/or regulatory projects as required; independently driving forward assigned tasks. Hybrid remote telecommuting permitted pursuant to company policy.

Requirements

Master’s degree or its equivalent in Financial Mathematics, Statistics, or related quantitative field and 3 years of experience in Market Risk or any occupation in which hands-on financial industry experience and/or applied data analytics is gained.
Demonstrated knowledge of Foreign Exchange and Interest Rate Derivatives.
Strong quantitative background including experience in curve building and risk modelling.
Proven strong quantitative mindset and ability to take model ownership and improve on existing risk models like VaR, sensitivities, or back testing.
Demonstrated strong systems skills and strong ability to develop prototypes using Python, VBA and SQL.
Proven ability to identify problems and limitations, propose solutions and proactively address these directly.
Proven ability to communicate and write clear and precise technical documentation describing processes and methodologies.
Demonstrated solid critical thinking ability and analytical skills.
Success in a role requiring self-motivation and the ability to work independently and with solid time-management skills.
Proven ability to maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.

Responsibilities

Providing global independent risk oversight of market risk, including identification of risks and drivers, establishment and maintenance of risk limits and other risk controls, measurement and analysis of risks, and monitoring and reporting of risks, including validation of position data and risk calculations.
Helping develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools.
Analyzing and continuously enhancing market risk models (VaR, Expected Shortfall, PV01, Option Greeks).
Performing stress testing, identify portfolio vulnerabilities and support the stress testing scenario design process.
Monitoring Market Risk limits and appropriately escalate exceptions.
Developing good working relationships with colleagues within Financial Risk and ERM, SSGM and other business units, support functions (e.g., operations, assurance functions) and technology.
Contributing to risk and/or regulatory projects as required.
Independently driving forward assigned tasks.

Benefits

Our 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