Senior MD, Global Market & Collateral Risk

STATE STREET CORPORATION; Boston (MA); On-site; USD 225,000 - 338,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage including life, +

Paid time off including vacation, sick

Employee Assistance Program

Incentive compensation includingyear‑

Tax advantaged savings plans

Job summary

State Street Markets seeks a Senior Managing Director to lead Collateral and Market Risk across OTC Derivatives and financing businesses in Boston. You will oversee policy design, risk models, and regulatory margin work, partnering with ERM, Global Treasury and trading desks.

You will manage a global team of risk analysts, drive risk strategy and ensure alignment with risk appetite and industry best practices while engaging with clients and regulators.

Qualifications

• In-depth experience in collateral and market risk across OTC Derivatives and Capital Markets Financing businesses, on a principal and agency basis
• 15+ years experience in capital markets risk management, Prime Brokerage and OTC Trading preferred
• Experience interacting with broad range of clients, including hedge funds, 40-Act funds, pensions funds, sovereign wealth funds and central banks
• Master's Degree or equivalent in Business, Economics, Financial Engineering, Quantitative Finance, or similar
• Professional designation (CFA, FRM) strongly preferred
• A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment
• Strong verbal and written communication skills, articulating complex concepts effectively to individuals from various backgrounds
• Ability to facilitate discussions and resolve conflicts between various stakeholders with competing interests.

Responsibilities

• Design, own, and maintain all Collateral and Margin policies and models in the Front Office.
• UMR for OTC Derivatives trading Prime Services house and regulatory margin across all supported strategies and asset classes
• Collateral schedules for Agency Securities Lending and indemnified cash reinvestment
• Repo Margin and collateral exposures in sponsored access
• QCCP trading (FICC SMR)
• Peer-to-peer and bilateral repo trading
• Secured Fund Finance 40-Act loans
• Broker dealer execution and clearing
• FCM intra-day margin and collateral management
• Oversee daily management and monitoring of collateral across multiple products/asset classes, legal entities, and regulatory frameworks
• Work closely with business leaders, product development teams, and ERM to ensure market and collateral risks of new products are measured and managed within State Street’s risk appetite and -framework
• Manage a global team of market and collateral risk analysts, including talent development, cross training, and succession/coverage planning
• Own and coordinate all Market Risk and Collateral topics during internal audits, regulatory exams, mock default exercises, etc.
• Own and maintain regulatory margin models as required (SIMM, FRTB, etc.)
• Lead technology development efforts and strategic direction of risk management infrastructure
• Ensure alignment with industry best practices through engagement with a network of peers and industry groups.

Skills

Collateral and Market Risk

Client interaction experience

Multi-tasking ability

Strong communication skills

Education

Master's Degree or equivalent in Business, Economics, Financial Engineering, Quantitative Finance, or similar

Professional designation (CFA, FRM) strongly preferred

Job description

State Street Markets seeks a Senior Managing Director to lead Collateral and Market Risk across OTC Derivatives and financing businesses in Boston. You will oversee policy design, risk models, and regulatory margin work, partnering with ERM, Global Treasury and trading desks.

You will manage a global team of risk analysts, drive risk strategy and ensure alignment with risk appetite and industry best practices while engaging with clients and regulators.