Counterparty Credit Risk Manager, Prime Brokerage, Assistant Vice President, Hybrid

The position is for a Prime Brokerage Counterparty Credit Risk Manager within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division. The team is primarily responsible for the oversight of counterparty credit risks arising from the activities within State Street Global Markets business unit (SSGM). SSGM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, funding and collateral transformation, and sales and trading in foreign exchange markets. The position is for a self-motivated CCR Manager with a strong technical and quantitative aptitude providing CCR oversight for the Prime Brokerage activities as part of the Global CCR team.

What you will be responsible for:

• Provide global independent credit risk oversight of credit exposures across CCR activities including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting.
• Establish and maintain standards for acceptable collateral across business lines, ensuring margin is dynamic and sufficient to protect against market and concentration risks and satisfy regulatory requirements.
• Provide global independent credit risk oversight of stressed counterparty credit exposures across all CCR products.
• Assess and develop new business products and initiatives.
• Enhance risk management tools and systems, including specification of requirements, supporting implementation and testing/prototyping.
• Develop good working relationships with traders and business analysts within SSGM and other business units, and with support functions and technology departments.
• Contribute to risk and/or regulatory projects; independently driving forward assigned tasks.

What we value:

• Strong knowledge of equity derivatives.
• Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies (VaR, PFE, Notional, Stress Testing, xVA).
• Ability to identify problems and limitations, propose solutions or proactively address them directly.
• Ability to communicate and write clear and precise presentations and technical documentation describing processes and risk methodologies.
• Self-motivated and able to work independently with excellent time-management skills.
• Ability to cooperate with others and foster an environment that supports effective teamwork.
• Strong critical thinking ability; promote and support a culture of challenge and risk excellence.
• Comfortable in conflict resolution as appropriate with others and in a matrix organization.
• Highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.

Education & Preferred Qualifications:

• Degree/Post-graduate degree in relevant and/or quantitative subjects.
• Minimum of 4+ years of hands-on industry experience with knowledge of Prime Brokerage, and management of credit and market risks at a large banking institution.
• Experience in financial analysis or risk analytics, dealing with modelling, market data, pricing and risk methodology.
• Ability to provide prototype implementations and work closely with IT and other groups.
• Excellent IT skills and strong ability to develop prototypes using Python, VBA and SQL; familiarity with statistics software or third-party software such as Risk Metrics is a plus.