VP Front Office Market Risk — Prime Services & Margin

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

Paid time off

Employee Assistance Program

Annual incentive awards

Job summary

State Street Corporation is seeking a Front Office Market Risk Analyst (Vice President) to support Prime Services and broker dealer activities. The role involves real-time risk monitoring, margin oversight, and risk-based decision making across hedge fund portfolios.

You will collaborate with Prime Brokerage, Securities Finance, and Trading to assess financing risk and collateral sufficiency. The ideal candidate has 5+ years in prime brokerage margin risk management, strong portfolio risk

Qualifications

• BS in Finance, Economics, Mathematics, Engineering or related field.
• 5+ years of experience in prime brokerage margin risk management.
• Solid understanding of portfolio risk with front office and clients communication.
• Strong understanding of Margin methodologies (Reg T, portfolio margin, house models).
• Familiarity with trade settlement and give-up mechanics, PB give up practices.

Responsibilities

• Perform intraday and end-of-day risk oversight of hedge fund portfolios across Equity L/S, Credit, and Convertible Arbitrage strategies.
• Analyze and challenge margin models, including sensitivity to volatility, liquidity, and concentration risk.
• Conduct stress testing and scenario analysis (historical + hypothetical) to evaluate tail risk and liquidity shocks.
• Monitor and enforce risk limits (leverage, stress loss, concentration, financing exposure).
• Escalate breaches and make risk-based recommendations under time-sensitive conditions.
• Partner with Prime Brokerage, Securities Finance, and Trading desks to assess financing risk and collateral sufficiency.
• Evaluate portfolio leverage, liquidity horizons, and crowding risks.
• Participate in client onboarding and due diligence reviews from a risk perspective.
• Contribute to risk methodology enhancements (margin models, stress scenarios, liquidity assumptions).

Skills

Prime brokerage risk

Margin risk management

Front office communication

Risk decision making

Education

BS in Finance/Economics/Math/Engineering

Tools

Bloomberg

TS Imagine

Python

Job description

State Street Corporation is seeking a Front Office Market Risk Analyst (Vice President) to support Prime Services and broker dealer activities. The role involves real-time risk monitoring, margin oversight, and risk-based decision making across hedge fund portfolios.

You will collaborate with Prime Brokerage, Securities Finance, and Trading to assess financing risk and collateral sufficiency. The ideal candidate has 5+ years in prime brokerage margin risk management, strong portfolio risk