Structured Credit Risk, Global Treasury Risk Management, Vice President

State Street; Stamford (CT); On-site; USD 120,000 - 188,000; Full time

Job summary

An established industry player is seeking a seasoned treasury risk professional to join their Global Treasury Risk Management team. This pivotal role focuses on credit risk oversight for a substantial structured asset investment portfolio. You will engage with internal and external stakeholders, ensuring that risks are effectively managed and communicated. The ideal candidate will possess extensive experience in fixed income capital markets and demonstrate strong analytical and communication skills. Join a company dedicated to innovation and excellence in financial services, where your contributions will directly impact the success of the organization and its clients.

Benefits

Generous Medical Care

Insurance Plans

Savings Plans

Flexible Work Programs

Development Programs

Educational Support

Paid Volunteer Days

Matching Gift Programs

Qualifications

• 7+ years in fixed income capital markets or risk management.
• Strong analytical background with quantitative finance skills.
• Experience in CCAR/CECL modeling preferred.

Responsibilities

• Provide oversight of a $10B+ structured asset securities portfolio.
• Monitor investment performance and engage with portfolio managers.
• Support risk modeling and ensure compliance with regulations.

Skills

Fixed Income Capital Markets

Credit Risk Management

Analytical Skills

Quantitative Methods

Communication Skills

Data Management

Independent Thinking

Team Collaboration

Education

Bachelor's Degree in Economics

Master's Degree in Finance

Tools

Intex

Modeling Languages

Job description

Global Treasury Risk Management (GTRM), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced treasury risk professional. This position’s primary focus will be providing independent risk oversight and assessment of State Street’s credit risk within Global Treasury’s $10B+ structured asset investment portfolio.

GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT

Banking is a risk-taking business. ERM’s goal is to ensure State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from providing products and services to our clients. GTRM acts as a business-aligned risk function focused on these responsibilities for Global Treasury’s (GT) activities. GT core functions include managing the investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships.

GTRM plays a critical role in State Street’s overall success. Investors and clients rely on State Street to ensure its risks are appropriately managed. Our team is responsible for identifying, analyzing, and monitoring key financial risks of State Street including liquidity risk, interest rate risk (IRR), mark-to-market risk, and credit risk exposures.

POSITION PRIMARY DUTIES AND RESPONSIBILITIES

The Structured Credit Risk VP within GTRM will focus on credit risk management for structured assets held in State Street’s investment portfolio.This candidate should have fixed income capital markets work experience within a financial organization and possess good verbal and written communication skills for interactions within GTRM as well as with internal and external stakeholders, including global business partners and regulators.

Primary responsibilities include providing independent oversight of bank’s $10B+ structured asset securities portfolio comprised of ABS, CMBS, RMBS, and CLOs. Candidate will actively support the independent oversight of GT’s credit risk (e.g., asset class and issuer limits, independent reviews, governance reporting, support Comprehensive Capital Analysis and Review (CCAR) and Current Expected Credit Losses (CECL) analysis, etc.). This individual will assume day-to-day responsibility for monitoring market developments within assigned asset classes and communicating potential impacts associated with securities held in GT’s investment portfolio to management and relevant governance committees. The candidate will serve as a Subject Matter Expert (SME) by providing market and asset‑class color in support of CCAR and CECL modeling efforts. The individual will play a key role in expanding credit risk oversight process and will participate in special projects and review Treasury’s new business initiatives.

Additional duties and responsibilities include:

• Monitor investment portfolio performance at asset-class and transactional level by maintaining and enhancing surveillance reporting for assigned structured asset classes
• Engage with investment portfolio managers to ensure GT’s investment strategy is understood and existing limits are appropriate
• Support modeling team in their development efforts by providing market intelligence and perspective on potential portfolio performance
• Ensure appropriate escalation of relevant risk information to senior management and regulators
• Assist in enhancing and calibrating asset-class and issuer policies and guidelines
• Perform and document analyses and processes to enhance team’s overall framework

QUALIFICATIONS, SKILLS, AND EXPERIENCE

• 7+ years’ experience in fixed income capital markets, Treasury activities, or risk management area within a financial institution and 3+ years of structured asset credit risk experience
• Bachelor’s degree in economics, finance, or other quantitative discipline required
• Master’s degree in economics, finance, or other related field, with quantitative background a plus
• Analytical background and good knowledge of quantitative methods applied to finance
• Ability to manage large amounts of data to perform complex quantitative and qualitative analyses
• Experience modeling structured asset products in CCAR/CECL framework a plus
• Proficiency in Intex required
• Proficiency in modeling languages and Intex’s wrapper a plus
• Self-starter with willingness to work in a fast-paced, high-energy level environment
• Independent and critical thinking skills and strong financial acumen
• Team player with unquestionable integrity and ethical standards
• Strong work ethic and highly organized to manage multiple deliverables
• Ability to gain trust and respect of business partners
• Effective verbal and written communication skills

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.

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.

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.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$120.000 - $187.500 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.

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.

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