Interest Rate Risk Analyst - Market Risk, Assistant Vice President

State Street; München; Hybrid; EUR 90.000 - 130.000; Vollzeit

Benefits dieser Stelle

Hybrid work model

Zusammenfassung

State Street in Munich is seeking an Interest Rate Risk Analyst - Market Risk, AVP, to join our Enterprise Risk Management – Global Treasury Risk Management department.

The role focuses on risk oversight of Market Risk in Banking Book, plus modelling, reporting and regulatory interactions in a fast-paced environment. You will work with cross-functional teams to enhance QRM processes and support ICAAP initiatives.

Qualifikationen

• Familiarity with QRM, Intex and ADCo (ALM vendor software) is preferred.
• 4-6 years of experience in Treasury, ALM or Market Risk activities, or risk management and regulatory concerns related to those disciplines.
• Advanced degree in Economics, Finance, Statistics or related field.
• CFA, FRM or related candidates are a benefit.
• Strong technical, quantitative, statistical aptitude/skills, with a focus on data analytics.
• Self-starter with willingness to work in a fast-paced, high-energy level environment.
• Knowledge of European and German regulation is a plus.
• Strong verbal and written communication skills in English language, with ability to articulate effectively ideas and highly technical concepts to non-technical audiences and senior management.
• Excellent understanding of financial instruments and the balance sheet of a global bank.
• Advanced knowledge with Market risk at a banking organization.
• Independent and critical thinking skills and strong financial acumen.
• Team player with unquestionable integrity and ethical standards.

Aufgaben

• Support risk oversight of Market Risk in the Banking Book, including the measuring, identification, reporting and monitoring of Market Risk (Interest Rate Risk, Credit Spread Risk, Structural FX risk, and Pension Risk)
• Review and rationalize EVE and NII reporting based on the QRM framework
• Support GTRM through the enhancement and back‑testing of behaviouralisation models and assumptions used in QRM, e.g. for prepayment and liabilities behaviouralisation models
• Support work streams related to the ongoing enhancement of the Global Treasury Risk Management process and support the internal capital adequacy assessment process (ICAAP) by providing risk modelling expertise in line with industry best practice
• Analyze complex structured securities to understand the inherent risks of embedded optionalities
• Support Treasury Risk related work streams of future regulatory interactions like future ECB stress test exercises, ECB STE and IRRBB ITS reporting
• Monitor and challenge the development of portfolio optimization procedures/balance sheet strategy recommendations
• Report and assess the impact of emerging treasury risk regulations and ensure compliance with regulatory requirements
• Collaborating with other teams including the Model Validation Group, Global Treasury, Finance or Regulatory Reporting
• Support senior management and communications with regulators

Kenntnisse

QRM familiarity

Quantitative skills

English communication

Independent thinking

Team player

CFA/FRM (benefit)

Ausbildung

Advanced degree in Economics/Finance/Statistics

CFA/FRM or related credentials (benefit)

Tools

Intex

ADCo (ALM vendor software)

Jobbeschreibung

What We Do

From our position at the very center of the global financial system, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. Our systems help them to invest in a broad range of securities across open markets, execute their investment strategy and account for their trades.

GET TO KNOW US

We first opened our doors in Europe in 1970 with an office in Munich and expanded our footprint into Frankfurt in 2003. Today, our services in Germany span the investment spectrum, including investment servicing, investment research and trading, and investment management.

Who We Are

• We’re more than 30,000 people in 30 countries. We’re united by a common purpose: to help our institutional investor clients more effectively invest the world’s savings.
• We keep our clients at the heart of everything we do. Our smart, engaged employees are essential to our client service and continued success.
• Our strength comes from within. With the vision of our people, we’re managing and leading change as the global financial services industry evolves.
• We’re committed to helping every employee feel valued so they can meet their full potential. It’s part of our inclusion, development and corporate social responsibility commitment.

CREATE THE FUTURE

We’re looking for motivated people who share our ambition to improve the efficiency of the world’s financial system, interested in working in an environment that emphasizes teamwork and integrity. We give our employees the tools to balance their professional and personal life, including paid volunteer days and access to employee networks so they can stay connected to what matters to them.

Whether you’re focused on quality assurance or working across business divisions, starting your career with State Street will build your own future as you help shape the future of financial services.

JOB OPENING

For our Enterprise Risk Management – Global Treasury Risk Management department in our company State Street in Munich (Hybrid) we are looking for a Interest Rate Risk Analyst - Market Risk, Assistant Vice President.

Major Responsibilities

• Support risk oversight of Market Risk in the Banking Book, including the measuring, identification, reporting and monitoring of Market Risk (Interest Rate Risk, Credit Spread Risk, Structural FX risk, and Pension Risk)
• Review and rationalize EVE and NII reporting based on the QRM framework
• Support GTRM through the enhancement and back‑testing of behaviouralisation models and assumptions used in QRM, e.g. for prepayment and liabilities behaviouralisation models
• Support work streams related to the ongoing enhancement of the Global Treasury Risk Management process and support the internal capital adequacy assessment process (ICAAP) by providing risk modelling expertise in line with industry best practice
• Analyze complex structured securities to understand the inherent risks of embedded optionalities
• Support Treasury Risk related work streams of future regulatory interactions like future ECB stress test exercises, ECB STE and IRRBB ITS reporting
• Monitor and challenge the development of portfolio optimization procedures/balance sheet strategy recommendations
• Report and assess the impact of emerging treasury risk regulations and ensure compliance with regulatory requirements
• Collaborating with other teams including the Model Validation Group, Global Treasury, Finance or Regulatory Reporting
• Support senior management and communications with regulators

Education, Experience And Skills

• Familiarity with QRM, Intex and ADCo (ALM vendor software) is preferred
• 4-6 years of experience in Treasury, ALM or Market Risk activities, or risk management and regulatory concerns related to those disciplines.
• Advanced degree in Economics, Finance, Statistics or related field
• CFA, FRM or related candidates are a benefit
• Strong technical, quantitative, statistical aptitude/skills, with a focus on data analytics
• Self-starter with willingness to work in a fast‑paced, high‑energy level environment
• Knowledge of European and German regulation is a plus
• Strong verbal and written communication skills in English language, with ability to articulate effectively ideas and highly technical concepts to non-technical audiences and senior management
• Excellent understanding of financial instruments and the balance sheet of a global bank
• Advanced knowledge with Market risk at a banking organization
• Independent and critical thinking skills and strong financial acumen
• Team player with unquestionable integrity and ethical standards

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Job ID: R-792268