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

Comprehensive health insurance

Paid time off (vacation, sick leave)

Employee Assistance Program

Incentive compensation eligibility

Tax-advantaged savings plans

Job summary

State Street Corporation 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, delivering real-time controls for cleared products.

The incumbent will guide risk monitoring, pre-trade controls and escalation processes, working with Front Office, Risk, Regulators and clients to translate 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.
• 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.

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 as assigned to support the Boston-based Front Office Market and Credit Risk team.

Skills

Derivatives risk

Margining

Liquidity risk

Counterparty risk

Real-time risk monitoring

Pre-trade controls

Futures/Options

Education

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

Tools

Risk management systems

Job description

State Street Corporation 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, delivering real-time controls for cleared products.

The incumbent will guide risk monitoring, pre-trade controls and escalation processes, working with Front Office, Risk, Regulators and clients to translate risk into