CCR Risk Manager — Prime Brokerage & Clearing

State Street; Clifton (NJ); On-site; USD 120,000 - 202,500; Full time

Job summary

State Street seeks a VP Counterparty Credit Risk Manager within the Global CCR team, accountable for independent credit risk oversight across Prime Brokerage and Clearing for SSM. You will oversee risk identification, measurement, controls, limits, monitoring and reporting.

You will lead negotiation of legal agreements, authorize trades based on pre-trade stress analysis, and elevate governance and systems to support new products, working with traders, analysts, IT and other units.

Qualifications

• 7+ years of hands-on industry experience with in-depth knowledge of Prime Brokerage and Clearing counterparty credit risk management at a large banking institution
• Ability to provide prototype implementations and work closely with IT and other groups

Responsibilities

• Provide global independent credit risk oversight of credit exposures across Prime Brokerage and Clearing activities including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting
• Lead the negotiation of legal agreements and supporting documentation
• Authorize trades for counterparties across products based on pre-trade stress analysis and risk appetite
• Improve credit risk governance and monitoring practices for Prime Brokerage and Clearing risk management
• Contribute to enhancing CCR limit framework and risk management systems to support new business products and initiatives
• Develop good working relationships with traders and business analysts within SSM and other business units, and with support functions and technology departments
• Contribute to risk and/or regulatory projects; independently driving forward assigned tasks

Skills

Prime brokerage risk

CCR risk management

Stakeholder communication

Independent working

Risk governance

Regulatory knowledge

Education

Degree/Post-graduate degree in quantitative subjects

Post-graduate degree

Job description

State Street seeks a VP Counterparty Credit Risk Manager within the Global CCR team, accountable for independent credit risk oversight across Prime Brokerage and Clearing for SSM. You will oversee risk identification, measurement, controls, limits, monitoring and reporting.

You will lead negotiation of legal agreements, authorize trades based on pre-trade stress analysis, and elevate governance and systems to support new products, working with traders, analysts, IT and other units.