VP, Front Office Market Risk for FCM & Clearing

STATE STREET CORPORATION; Boston (MA); On-site; USD 120,000 - 203,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage (medical/dental/vis

Paid time off

Job summary

State Street Corporation in Boston or Jersey City seeks a Vice President of Front Office Market Risk to design, implement and operate the risk framework for the FCM and repo clearing business. You will build real-time controls, monitor intraday risk and margin across complex portfolios.

You will collaborate with Trading, Risk, Finance and Technology to translate market and liquidity risk into practical controls and senior management action, supporting regulatory expectations and business growth.

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.

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.
• Aggregate risks across FCM and cleared repo activity.
• Perform daily risk management for a diverse book of portfolios, including margins, stress results, and exposure changes.
• Work closely with Enterprise Risk Management and external regulators.
• Collaborate with front office traders and clients to analyze trading strategies and margin risk.
• Operate in a fast-paced design, regulatory approval, implementation and launch phases of the FCM initiative.

Skills

Front Office Risk

Real-time monitoring

Margin risk

Liquidity risk

Counterparty risk

Risk framework design

Education

BS in Finance or related field

Tools

CFA/FRM preferred

Job description

State Street Corporation in Boston or Jersey City seeks a Vice President of Front Office Market Risk to design, implement and operate the risk framework for the FCM and repo clearing business. You will build real-time controls, monitor intraday risk and margin across complex portfolios.

You will collaborate with Trading, Risk, Finance and Technology to translate market and liquidity risk into practical controls and senior management action, supporting regulatory expectations and business growth.