Market Risk Manager - Capital Markets, VP

CFA Institute; Boston (MA); In loco; USD 120.000 - 203.000; Tempo pieno

Vantaggi offerti da questo lavoro

401K with company match

Medical/dental/vision insurance

Long-term disability insurance

Paid time off

Employee Assistance Program

Performance-based awards

Descrizione del lavoro

State Street is seeking a senior Market Risk Manager in the Boston, MA area to provide second-line oversight of capital markets risk across trading and banking book lines. You will evaluate risk, validate position data and risk calculations, and support policy development in a fast-paced environment.

The role requires 7+ years in market risk or A/L management with expertise in fixed income, FX, IR derivatives, and related risk measures; CFA/FRM is a plus.

Competenze

• 7+ years in capital markets risk or asset-liability management with focus on capital markets.
• Undergraduate degree in Finance, Economics, or quantitative field; graduate degree or professional designations such as CFA/FRM are a plus.
• Experience with US and EU regulation on trading and market risk.

Mansioni

• Provide risk oversight for capital markets products in trading and banking book.
• Assess balance sheet interest rate risk management framework and risk controls.
• Develop and improve risk measurements and methodologies for market risk.
• Prepare analyses and reports for senior management, audits, regulatory exams, and rating agencies.

Conoscenze

Market risk management

Financial analysis

Regulatory knowledge

Communication skills

Critical thinking

Integrity

Formazione

Undergraduate degree in Finance/Economics/Quantitative field

CFA / FRM is a plus

Descrizione del lavoro

Job Description

State Street Global Treasury Risk Management (GTRM) provides second line oversight of trading market risk across Markets and Treasury divisions as well as liquidity risk, interest rate risk (IRR), investment portfolio mark-to-market risk, and capital risk oversight of the firm's banking book.

GTRM is a unit within the Financial Risk group of Enterprise Risk Management (ERM). We seek to hire an experienced senior Market Risk Manager to provide second line oversight of capital markets products for both trading and banking book.

Position and Primary Duties and Responsibilities

• Provide expertise on capital markets products, ensuring risk analysis and coverage through new business product approval process
• Perform independent assessments of the overall accuracy, effectiveness, and reliability of the balance sheet interest rate risk management framework
• Provide independent risk oversight of market risk, including identification of risks and drivers, establishment and maintenance of risk limits and other risk controls, measurement and analysis of risks, and monitoring and reporting of risks, including validation of position data and risk calculations
• Participate in special projects and review business strategies and new business initiatives to ensure business objectives are met within the firm's overall risk appetite.
• Provide review and challenge to first line risk profile and report on changes timely and accurately.
• Support the development of policies, guidelines and operating procedures, according to regulatory requirements and industry best practices.
• Develop and/or improve risk measurements and methodologies to capture all key risk factors as market condition changes and for new business initiatives.
• Prepare analyses, reports and data for senior management, audit, regulatory communication and exams, and rating agency requests.
• Collaborate with the Modelling and Analytics team in implementation of risk metrics and models
• Support risk and/or regulatory projects and remediation as required; independently driving forward assigned tasks

Qualifications, Skills and Experience

• 7+ years of experience in roles related to trading market risk or asset-liability management with a focus on capital markets or balance sheet / capital management.
• At least undergraduate degree in Finance, Economics, Business or quantitative field (such as mathematics, statistics, computer science, etc.) with a proven affinity to financial services; graduate degree or professional designations such as CFA or FRM are a plus.
• Experience with US and EU regulation on trading and market risk.
• Deep knowledge of financial instruments, balance sheet structure and hedging, fund transfer pricing, and applicable risk measures.
• In-depth understanding of financial statements of financial institutions and impacts from central bank policy changes to financial institutions.
• Good working knowledge of financial products, such as fixed income securities, foreign exchange products, interest rate derivatives, equity and securities lending.
• Strong verbal and written communication skills, with ability to articulate effectively ideas and analysis to senior management.
• Self-starter with critical thinking skills and strong financial acumen, willingness to work in a fast-paced and high-energy level environment, and highly organized to manage competing deadlines.
• Team player with unquestionable integrity and ethical standards. Ability to gain trust and respect of business partners.

Salary Range:

$120,000 - $202,500 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)
• 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.