VP, Real-Time Front Office Market Risk – Prime Services

CFA Institute; Boston (MA); On-site; USD 120,000 - 202,500; Full time

Job summary

State Street is seeking a Front Office Market Risk Analyst (Prime Services and Broker Dealer) to join our risk function in Boston. The role focuses on real-time monitoring, intraday oversight, and risk-based decision making across hedge fund portfolios, with close collaboration with Prime Brokerage and Trading desks.

The ideal candidate has 5+ years in prime brokerage margin risk management, strong knowledge of Reg T margin rules, and experience communicating risk to front office and clients.

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 a track record of making effective risk management decisions and communicating with front office and clients
• Strong understanding of Margin methodologies (Reg T, portfolio margin, house models)
• Familiarity with trade settlement and give-up mechanics, including PB give-up practices

Responsibilities

• The Risk Analyst will be part of a dynamic and fast-paced work environment with frequently changing projects and assignments. A significant degree of autonomy, including making careful decisions that implement State Street’s risk appetite under pressure, is also required.
• 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

Risk monitoring

Margin risk management

Front office communication

Python coding

Education

BS in Finance Economics Math Engineering or related field

Tools

Bloomberg

TS Imagine

Job description

State Street is seeking a Front Office Market Risk Analyst (Prime Services and Broker Dealer) to join our risk function in Boston. The role focuses on real-time monitoring, intraday oversight, and risk-based decision making across hedge fund portfolios, with close collaboration with Prime Brokerage and Trading desks.

The ideal candidate has 5+ years in prime brokerage margin risk management, strong knowledge of Reg T margin rules, and experience communicating risk to front office and clients.