Market Risk, AVP

State Street • Boston, MA

1d

About The Position

Investment Portfolio Risk Analyst, AVP, Global Treasury Risk Management OVERVIEW Global Treasury Risk Management (GTRM), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced treasury risk professional. The primary focus for the position will be the independent risk oversight and assessment of State Street’s investment portfolio market risk. GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT Banking is a risk-taking business. The goal of ERM is to ensure that State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients. GTRM acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury (GT) department. GT core functions include managing the investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships. GTRM plays a critical role in the overall success of the organization. State Street investors and clients rely on State Street to ensure the risks of State Street are appropriately managed. Our team is responsible for identify, analyzing, monitoring key financial risks of State Street including liquidity risk, interest rate risk, and mark-to-market risk. POSITION PRIMARY DUTIES AND RESPONSIBILITIES The Investment Portfolio Risk Analyst, Assistant Vice President, within GTRM will focus on mark-to-market risk in the investment portfolio and derivatives activities for balance sheet management & funding. This individual should have work experience related to fixed income capital markets and possess good verbal and written communication skills for interactions within GTRM as well as with internal and external stakeholders, including global business partners and regulators. The primary responsibility of the investment portfolio risk management team is the independent oversight of State Street’s ~$110 billion investment portfolio. This includes the implementation of a strong risk framework to oversee portfolio mark-to-market risks including interest rate risk and credit spread risk. The oversight relies on measurement approaches used for trading activities and takes into account capital and liquidity constraints in the investment strategy. The individual will play a key role in expanding the risk oversight process and will participate in special projects and in the review of new Treasury business initiatives. Additional duties and responsibilities include: Support analyses on mark-to-market risk for State Street’s investment portfolio. The investment portfolio spans a wide range of asset classes (RMBS, CMBS, Sovereign Bonds, Corporate Bonds, Municipal Bonds, Covered Bonds, ABS Student Loans, ABS Credit Cards, ABS Auto loans etc.) across major currencies and an expanding set of interest rate derivatives Support new product initiatives by Global Treasury’s Chief Investment Office Ensure appropriate escalation of relevant risk information to senior management and regulators Assist in enhancement and calibration of risk limits, guidelines and policies Perform and document analyses and processes for the enhancement of the team’s overall framework

Requirements

• 4+ years of relevant experience in fixed income capital markets, Treasury activities, or risk management and regulatory concerns related to those disciplines
• Bachelor’s degree in Finance, Economics or a quantitative discipline required
• Good understanding of financial instruments, particularly across a wide range of fixed income securities
• Effective verbal and written communication skills

Nice To Haves

• Master’s degree and/or CFA, FRM or PRM designation a plus
• Exposure to securitized assets, related cash flow modeling techniques and prepayment models a plus
• Portfolio management experience in a large bank, insurance company or asset management firm a plus
• Fluency in MS Office applications
• Programming experience a plus (particularly in Python or R)
• Self-starter with willingness to work in a fast-paced environment
• Team player with unquestionable integrity and ethical standards
• Strong work ethic and highly organized to manage multiple deliverables
• Ability to gain trust and respect of business partners

Responsibilities

• Support analyses on mark-to-market risk for State Street’s investment portfolio.
• Support new product initiatives by Global Treasury’s Chief Investment Office
• Ensure appropriate escalation of relevant risk information to senior management and regulators
• Assist in enhancement and calibration of risk limits, guidelines and policies
• Perform and document analyses and processes for the enhancement of the team’s overall framework

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: 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); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees