Asset & Liability Management Analyst-Officer

STATE STREET CORPORATION; Boston (MA); On-site; USD 70,000 - 119,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage: medical, dental, &

Paid time off

Employee Assistance Program

Performance-based awards

Tax-advantaged savings plans

Job summary

State Street Corporation in Boston, MA, seeks an Asset & Liability Management Officer within the Front Office Risk Management team. You will liaise with Securities Finance trading desks, SSIM portfolio managers and operations to optimize cash collateral liquidity and monitor on-loan balances.

The role requires 1-3 years in capital markets or liquidity risk, a finance-related degree, familiarity with short-term fixed income, and programming exposure (SQL, MATLAB, Python) to support revenue

Qualifications

• Bachelor’s degree in finance, economics, or related field.
• 1-3 years of experience in capital markets and/or liquidity risk management.
• Professional designations (CFA, FRM) or candidacies are strong plusses.
• Working knowledge of short-term fixed income and repo markets preferred.
• SQL, MATLAB and/or Python experience is a strong plus.

Responsibilities

• Work directly with Securities Finance trading desks and SSIM portfolio managers to maintain optimal cash collateral investment vehicle liquidity levels.
• Collaborate with Securities Finance Operations and Relationship Management teams to monitor client activity and impacts to on-loan balances.
• Facilitate communication flow with trading desks, collateral managers and senior management around program balances and collateral account liquidity.
• Assist in the revenue forecasting and reporting process by developing an understanding of the impact of spread, balances, seasonality, and interest rate scenarios on the expected revenue stream.
• Develop, maintain, and review reporting for both asset and liability measurements including liquidity, maturity schedules, lending availability, and rate spreads.

Skills

SQL

Python

MATLAB

Communication skills

Education

Bachelor’s degree in finance, economics, or related field

CFA or FRM designation (or candidacy)

Tools

SQL tools

MATLAB

Python

Job description

Who we are looking for

State Street operates one of the larger Agency Securities Lending programs in the industry with a robust global footprint. The lending program includes loans across a wide range of asset classes, lender institutions, borrowers, and collateral types. The Asset & Liability Management (ALM) team plays a crucial role in managing the inflows and outflows of cash collateral and the impacts on liquidity within the reinvestment program. ALM team members must build and maintain relationships across Securities Finance and its business partners to define, prioritize, and create the requisite transparency and risk excellence. The Asset & Liability Management Officer will be part of a dynamic and fast-paced work environment within the Front Office Risk Management team. A significant degree of autonomy, including making careful decisions that impact other Securities Finance groups, is a requirement.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

Key Responsibilities

• Work directly with Securities Finance trading desks and SSIM portfolio managers to maintain optimal cash collateral investment vehicle liquidity levels.
• Collaborate with Securities Finance Operations and Relationship Management teams to monitor client activity and impacts to on-loan balances.
• Facilitate communication flow with trading desks, collateral managers and senior management around program balances and collateral account liquidity.
• Assist in the revenue forecasting and reporting process by developing an understanding of the impact of spread, balances, seasonality, and interest rate scenarios on the expected revenue stream.
• Develop, maintain, and review reporting for both asset and liability measurements including liquidity, maturity schedules, lending availability, and rate spreads.

Education / Qualifications

• Bachelor’s degree in finance, economics, or related field.
• 1-3 years of experience in capital markets and/or liquidity risk management.
• Professional designations (CFA, FRM) or candidacies are strong plusses.
• Working knowledge of short-term fixed income and repo markets preferred.
• Experience performing detail-oriented tasks under time constraints.
• Effective oral and written communication to varied audiences is required.
• Detailed understanding of global Securities Lending markets is a strong plus.
• SQL, MATLAB and/or Python experience is a strong plus.

Are you the right candidate?

Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About StateStreet

StateStreet is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

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

Salary

Salary Range: $70,000 - $118,750 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Inclusion, Diversity and Social Responsibility

We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.

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.