Front Office Credit Risk Analyst, Assistant Vice President

CFA Institute; Boston (MA); On-site; USD 90,000 - 158,000; Full time

Benefits offered by this job

401K match

Medical coverage

Dental coverage

Vision coverage

Paid time off

Job summary

State Street is seeking an AVP Front Office Credit Risk Analyst in Boston to manage first-line credit risk across multiple business units, with emphasis on capital markets, FX and OTC derivatives. The role requires credit risk analysis of various counterparties and collaboration with Sales, Relationship Management and Enterprise Risk Management.

The position entails a minimum 4 days per week in the office in Boston, with a strong focus on timely credit reviews, monitoring and negotiation of

Qualifications

• Bachelor's degree or equivalent in economics or business; advanced degree preferred.
• 3-5 years' experience in counterparty credit risk.
• Formal credit training strongly preferred.
• CFA or FRM designation preferred but not required.

Responsibilities

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

Skills

Risk management

Multi-tasking

Verbal communication

Written communication

Deadline driven

Education

Bachelor's degree in economics or business

MBA/Advanced degree preferred

Job description

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 Boston. 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.

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 Boston, 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.

Salary Range:

$90,000 - $157,500 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.

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.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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 Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.