Front Office Market Risk Analyst, Assistant Vice President

STATE STREET CORPORATION; Boston (MA); On-site; USD 90,000 - 158,000; Full time

Benefits offered by this job

401K with company match

Health, dental, and vision insurance

Paid time off (PTO)

Employee Assistance Program

Performance-based incentive awards

Job summary

State Street Markets seeks a Market Risk Analyst to oversee real-time risk for Securities Financing, Prime Brokerage, and Securities Lending. You will evaluate portfolio risk across hedge funds and client exposures, govern collateral adequacy, and support risk-based decisions under pressure.

You will collaborate with front-office teams and risk stakeholders to enhance margin models and stress testing, contributing to robust risk frameworks.

Qualifications

• 3+ years of Prime Brokerage, Securities Financing, or Margin Risk Management experience.
• Bachelor's degree in a quantitative field.
• Strong understanding of hedge fund portfolio risk across equity, credit, and relative-value strategies.
• Experience evaluating portfolio leverage, liquidity, financing, and collateral risks.
• Working knowledge of margin methodologies, including Reg T, portfolio margin, and house margin models.

Responsibilities

• Perform intraday and end-of-day risk monitoring of hedge fund and financing portfolios.
• Assess collateral sufficiency and margin adequacy for Prime Brokerage and Securities Lending exposures.
• Analyze portfolio risks, including leverage, liquidity, concentration, and financing exposures.
• Review margin methodologies, evaluating sensitivity to volatility, liquidity, and concentration risks.
• Conduct stress testing and scenario analysis to assess tail-risk events and liquidity shocks.
• Monitor risk limits and elevate breaches with clear risk-based recommendations.
• Partner closely with Trading, Prime Brokerage, and Securities Finance teams to evaluate client and portfolio risk.
• Support risk assessments for new client onboarding and due diligence reviews.
• Contribute to the enhancement of risk frameworks, margin models, and stress-testing methodologies.

Skills

Risk monitoring

Collateral management

Hedge fund risk

Quantitative analysis

Front-office communication

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related quantitative discipline

Tools

Bloomberg

TS Imagine

Python

Job description

Who we are looking for

State Street Markets is seeking a Market Risk Analyst to support Securities Financing activities, including Prime Brokerage and Securities Lending. The role is responsible for real-time portfolio risk oversight, margin governance, collateral adequacy, and risk-based decision making across hedge fund, broker, and agency lending client exposures. The successful candidate will possess strong expertise in analyzing hedge fund portfolios across a range of investment strategies, including Equity Long/Short, Credit, and Convertible Arbitrage. This position requires sound judgment, the ability to operate independently in a fast-paced environment, and confidence making risk decisions under pressure.

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. As one of the largest and most experienced securities financing providers in the industry, we provide investors with market-leading expertise, technology and scale to accelerate decision-making and enhance performance. With a focus on innovative financing solutions, we’ve expanded our services to support a range of agency lending, repo and prime services, helping investors access new pools of liquidity and providing competitive overnight and term cash investment financing.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

• Perform intraday and end-of-day risk monitoring of hedge fund and financing portfolios.
• Assess collateral sufficiency and margin adequacy for Prime Brokerage and Securities Lending exposures.
• Analyze portfolio risks, including leverage, liquidity, concentration, and financing exposures.
• Review and challenge margin methodologies, evaluating sensitivity to volatility, liquidity, and concentration risks.
• Conduct stress testing and scenario analysis to assess tail-risk events and liquidity shocks.
• Monitor risk limits and elevate breaches with clear risk-based recommendations.
• Partner closely with Trading, Prime Brokerage, and Securities Finance teams to evaluate client and portfolio risk.
• Support risk assessments for new client onboarding and due diligence reviews.
• Contribute to the enhancement of risk frameworks, margin models, and stress-testing methodologies.

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline.
• 3+ years of experience in Prime Brokerage, Securities Financing, or Margin Risk Management.
• Strong understanding of hedge fund portfolio risk across equity, credit, and relative-value strategies.
• Experience evaluating portfolio leverage, liquidity, financing, and collateral risks.
• Working knowledge of margin methodologies, including Reg T, portfolio margin, and house margin models.
• Demonstrated ability to make risk decisions and communicate effectively with front-office teams and clients.
• Understanding of trade settlement processes and Prime Brokerage give-up mechanics.

Preferred

• Series 7 registration.
• Knowledge of ISDA/CSA documentation, SIMM, and bilateral margin frameworks.
• Experience with market risk platforms such as Bloomberg, TS Imagine, or similar systems.
• Python or other quantitative programming skills.
• Familiarity with Prime Brokerage counterparty credit risk and client due diligence processes.
• Prior broker-dealer or securities financing experience.
• CFA, FRM, or comparable professional designation.

About State Street

What we do. State Street 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.

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. 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.

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.

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. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

Equal Opportunity and Diversity

State Street is an equal opportunity and affirmative action employer.

Equal Opportunity Statement

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.

CEO Statement

Read our CEO Statement. Discover more information on jobs at StateStreet.com/careers.

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.

Salary Range

Salary Range: $90,000 - $157,500 Annual. The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ. For a full overview, visit https://hrportal.ehr.com/statestreet/Home.