Front Office Credit Risk Analyst, Officer (Onsite)

State Street; Boston (MA); On-site; USD 70,000 - 119,000; Full time

Benefits offered by this job

401K match

Health insurance

Paid time off

Employee assistance program

Performance-based bonuses

Job summary

State Street Markets (SSM) in Boston seeks an Officer for the Front Office Credit Risk team. The role covers first line credit risk across business units, requiring strong counterparty credit analysis and capital markets knowledge, including FX and OTC derivatives.

The position is based in Boston with a minimum of four days in the office and involves interaction with Front Office Risk and Enterprise Risk Management to ensure robust risk controls.

Qualifications

• Bachelor's degree in economics or business-related field.
• 2-5 years of counterparty credit risk experience preferred.
• Formal credit training is strongly preferred; CFA/FRM designation is a plus.

Responsibilities

• Conduct credit reviews of counterparties and prospects within each SSM business line.
• Partner with sales and relationship management teams for timely credit analysis of new relationships.
• Negotiate client-facing credit terms in legal agreements and monitor ATEs.
• Liaise with relationship management and front office trading to support counterparty review of lending supply.
• Manage collection of up-to-date financial information for counterparties.
• Participate in periodic and ad-hoc due diligence calls and visits.

Skills

Credit risk analysis

Communication skills

Multi-tasking

Risk management

Education

Bachelor's degree in economics or business-related field

CFA/FRM designation preferred

Job description

State Street Markets ("SSM") is looking for an Officer 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, the team performs Financial Resource Management, covering allocation, monitoring, and optimization of capital, funding, and liquidity are also performed.

What You Will Be Responsible For

Reporting to the Head of Front Office Credit Risk in Boston, this Officer role is responsible for first line credit risk management across the business units in SSM. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success. The ideal candidate will have background in Capital Markets with exposure to FX and OTC Derivatives. The prerequisites will position the candidate for success to support the front office credit risk management function across multiple product offerings. Demonstrated experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds, is a desired plus. 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 legal agreements for all SSM counterparties and ensure appropriate monitoring of ATEs.
• Liaise with relationship management and front office trading to support counterparty review of lending supply.
• Manage the collection of up-to-date financial information for all of our counterparties.
• Under direction of credit team leader, 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 developments involving counterparties.
• 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.
• 2-5 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

$70,000 - $118,750 Annual

Employee Benefits

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.

Job ID: R-795291