Market Risk Manager - Capital Markets, VP

State Street • Boston, MA

6d

About The Position

State Street Global Treasury Risk Management (GTRM) provides second line oversight of trading market risk across Markets and Treasury divisions as well as liquidity risk, interest rate risk (IRR), investment portfolio mark-to-market risk, and capital risk oversight of the firm’s banking book. GTRM is a unit within the Financial Risk group of Enterprise Risk Management (ERM). We seek to hire an experienced senior Market Risk Manager to provide second line oversight of capital markets products for both trading and banking book. Position and Primary Duties and Responsibilities The Market Risk Manager will: Provide expertise on capital markets products, ensuring risk analysis and coverage through new business product approval process Perform independent assessments of the overall accuracy, effectiveness, and reliability of the balance sheet interest rate risk management framework Provide 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 Participate in special projects and review business strategies and new business initiatives to ensure business objectives are met within the firm’s overall risk appetite. Provide review and challenge to first line risk profile and report on changes timely and accurately. Support the development of policies, guidelines and operating procedures, according to regulatory requirements and industry best practices. Develop and/or improve risk measurements and methodologies to capture all key risk factors as market condition changes and for new business initiatives. Prepare analyses, reports and data for senior management, audit, regulatory communication and exams, and rating agency requests. Collaborate with the Modelling and Analytics team in implementation of risk metrics and models Support risk and/or regulatory projects and remediation as required; independently driving forward assigned tasks

Requirements

• 7+ years of experience in roles related to trading market risk or asset-liability management with a focus on capital markets or balance sheet / capital management.
• At least undergraduate degree in Finance, Economics, Business or quantitative field (such as mathematics, statistics, computer science, etc.) with a proven affinity to financial services
• Experience with US and EU regulation on trading and market risk.
• Deep knowledge of financial instruments, balance sheet structure and hedging, fund transfer pricing, and applicable risk measures.
• In-depth understanding of financial statements of financial institutions and impacts from central bank policy changes to financial institutions.
• Good working knowledge of financial products, such as fixed income securities, foreign exchange products, interest rate derivatives, equity and securities lending.
• Strong verbal and written communication skills, with ability to articulate effectively ideas and analysis to senior management.
• Self-starter with critical thinking skills and strong financial acumen, willingness to work in a fast-paced and high-energy level environment, and highly organized to manage competing deadlines.
• Team player with unquestionable integrity and ethical standards.
• Ability to gain trust and respect of business partners.

Nice To Haves

• graduate degree or professional designations such as CFA or FRM are a plus.

Responsibilities

• Provide expertise on capital markets products, ensuring risk analysis and coverage through new business product approval process
• Perform independent assessments of the overall accuracy, effectiveness, and reliability of the balance sheet interest rate risk management framework
• Provide 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
• Participate in special projects and review business strategies and new business initiatives to ensure business objectives are met within the firm’s overall risk appetite.
• Provide review and challenge to first line risk profile and report on changes timely and accurately.
• Support the development of policies, guidelines and operating procedures, according to regulatory requirements and industry best practices.
• Develop and/or improve risk measurements and methodologies to capture all key risk factors as market condition changes and for new business initiatives.
• Prepare analyses, reports and data for senior management, audit, regulatory communication and exams, and rating agency requests.
• Collaborate with the Modelling and Analytics team in implementation of risk metrics and models
• Support risk and/or regulatory projects and remediation as required; independently driving forward assigned tasks

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