VP, Front Office Market Risk — FCM & Clearing

CFA Institute; Boston (MA); On-site; USD 120,000 - 203,000; Full time

Benefits offered by this job

401K with company match

Comprehensive health benefits

Paid time off

Job summary

State Street in Boston is seeking a Vice President of Front Office Market Risk to design, implement and operate the risk framework for the FCM and repo clearing business. This role is in a build-phase plus BAU risk work, requiring deep knowledge of derivatives, margin, liquidity and counterparty risk.

You will establish real-time controls, manage risk across futures and sponsored repo activity, and work with risk oversight, compliance, and front office traders to translate complex risk into

Qualifications

• BS in Finance, Economics, Mathematics, Engineering or related field.
• 10+ years of relevant experience in FCM, futures clearing, listed derivatives, prime brokerage, sponsored/cleared repo, securities financing or front office market risk management.
• Strong understanding of futures and options market risk, clearing-house margin methodologies, client margining, collateral, liquidation risk and intraday liquidity.
• Demonstrated experience designing or operating real-time risk monitoring, pre-trade controls, stress testing, limit frameworks and escalation processes
• Experience assessing hedge fund and institutional trading strategies, including U.S. Treasury cash-futures basis and other leveraged relative-value strategies
• Working knowledge of FCM regulatory and segregation requirements, clearing-member risk controls, net capital considerations and clearing-house default management.
• Professional designations (CFA, FRM) preferred but not required.

Responsibilities

• Drive implementation of the Front Office Risk operating model for the FCM business.
• Define and implement real-time and intraday risk monitoring capabilities, including monitoring of client positions, market movements, initial margin, variation margin, collateral requirements, cross-margining, limit utilization and liquidity requirements.
• Design pre-trade and pre-deal controls.
• Aggregate risks across FCM and cleared repo activity.
• Perform daily risk management for a diverse book of top-tier alternative manager portfolios, including analysis of margins, stress scenario results, and exposure changes.
• Work closely with Enterprise Risk Management (internal risk oversight) and external regulators.
• Work closely with front office traders and at times, clients, to derive and analyze trading strategies, considering margin risk and potential efficiencies
• Perform other tasks as assigned to support the Boston-based Front Office Market and Credit Risk team.

Skills

Front Office Risk

Derivatives risk

Risk monitoring

Regulatory understanding

Education

BS in Finance, Economics, Mathematics, Engineering or related field

Job description

State Street in Boston is seeking a Vice President of Front Office Market Risk to design, implement and operate the risk framework for the FCM and repo clearing business. This role is in a build-phase plus BAU risk work, requiring deep knowledge of derivatives, margin, liquidity and counterparty risk.

You will establish real-time controls, manage risk across futures and sponsored repo activity, and work with risk oversight, compliance, and front office traders to translate complex risk into