VP, Front Office Market Risk - FCM & Clearing

State Street; Boston (MA); On-site; USD 130,000 - 220,000; Full time

Job summary

State Street seeks a Vice President of Front Office Market Risk to design, implement and operate the risk framework for its FCM and repo clearing business. This build-phase and BAU role requires deep knowledge of derivatives, margin, liquidity and counterparty risk, with real-time controls across multiple product lines.

You will drive risk monitoring, pre-trade controls, and cross-functional collaboration with risk, trading, and compliance teams in a fast-paced environment in Boston or Jersey

Qualifications

• 10+ years of FCM, futures clearing, or front office market risk.
• Deep knowledge of listed derivatives, margin, liquidity, and counterparty risk.
• Experience designing real-time risk monitoring and pre-trade controls.
• Strong collaboration with risk, trading, and compliance teams.
• 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 portfolios, including analysis of margins, stress scenario results, and exposure changes.
• Work closely with Enterprise Risk Management and external regulators.
• Work closely with front office traders and clients to derive and analyze trading strategies, considering margin risk and potential efficiencies
• Perform other tasks to support the Boston-based Front Office Market and Credit Risk team.

Skills

Front Office Risk

Futures & Derivatives

Risk Monitoring

Margin & Liquidity

Pre-trade Controls

Regulatory Liaison

Cross-functional Collaboration

Education

BS in Finance or related field

10+ years of relevant experience

Job description

State Street seeks a Vice President of Front Office Market Risk to design, implement and operate the risk framework for its FCM and repo clearing business. This build-phase and BAU role requires deep knowledge of derivatives, margin, liquidity and counterparty risk, with real-time controls across multiple product lines.

You will drive risk monitoring, pre-trade controls, and cross-functional collaboration with risk, trading, and compliance teams in a fast-paced environment in Boston or Jersey