Credit Risk Analyst, Assistant Vice President

State Street; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

State Street, London, is seeking an AVP to join the SSM Risk and FRM team in an on-site role. You will lead first-line credit risk activities across multiple SSM business lines, including Financing Solutions and FX Sales & Trading, with a focus on capital and liquidity risk in Capital Markets.

The successful candidate will bring 3–5 years of counterparty credit risk experience, knowledge of FX and OTC derivatives, and strong risk management skills.

Qualifications

• Bachelor's degree in economics or business or related field.
• 3–5 years of counterparty credit risk experience.
• Formal credit training is strongly preferred.
• CFA or FRM designation is preferred but not required.

Responsibilities

• Conduct credit reviews of counterparties and prospects within each SSM business line.
• Partner with sales and relationship management teams to ensure timely and thorough credit analysis.
• Negotiate client-facing credit terms in agreements for all SSM counterparties and monitor ATEs.
• Manage collection of up-to-date financial information for all counterparties.
• Participate in due diligence calls and visits, periodic or ad-hoc.
• Review credit utilization reports and investigate over-limit conditions.
• Support Front Office Risk and Enterprise Risk Management collaboration.
• Inform ERM of relevant counterparty developments.
• Perform other tasks to support Front Office Credit and Market Risk teams.

Education

Bachelor's degree in economics or business

3–5 years counterparty credit risk experience

Formal credit training

CFA or FRM (preferred)

Job description

Front Office Credit Risk Analyst, AVP (Onsite)

State Street Markets ("SSM") is looking for an AVP to join the SSM Risk and FRM team in London. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, and Portfolio Solutions. Additionally, Financial Resource Management (‘FRM’), covering allocation, monitoring, and optimization of capital, funding, and liquidity is performed.

Job Description

Reporting to the Head of Front Office Credit Risk in Boston, this AVP role is responsible for first line credit risk management across multiple business units within SSM. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success.

The ideal candidate will have a background in Capital Markets with exposure to FX and OTC Derivatives. These prerequisites will position the candidate for success in their support of multiple SSM product offerings.

Demonstrated experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds is of central importance. The role is in London, with a minimum of 4 days per week in the office.

Key Responsibilities

• Conduct credit reviews of counterparties and prospects within each SSM business line.
• Partner with sales and relationship management teams to ensure timely and thorough credit analysis of new relationships.
• Negotiate client-facing credit terms in agreements for all SSM counterparties and ensure appropriate monitoring of ATEs.
• Manage the collection of up-to-date financial information for all counterparties.
• Participate in periodic and ad-hoc due diligence calls and visits.
• Proactively review and analyze credit utilization reports and investigate any over-limit conditions.
• Help manage the relationship between Front Office Risk and Enterprise Risk Management.
• Inform Enterprise Risk Management of all relevant counterparty developments.
• Perform any other tasks assigned to support the Front Office Credit and Market Risk teams.

Desired Skills & Experience

• Bachelor's Degree or equivalent in an economics or business-related field. Advanced degree preferred.
• 3-5 years’ experience in counterparty credit risk preferred.
• Formal credit training is strongly preferred.
• Professional designation (CFA, FRM) preferred but not required
• Strong risk management and control focus.
• A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment.
• Strong verbal and written communication skills.

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.

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Job ID: R-797465