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- Tasks: Oversee interest rate risk management and ensure compliance with regulatory requirements.
- Company: Join State Street, a global leader in financial services.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Why this job: Make a real impact in risk management while growing your career in finance.
- Qualifications: 3+ years in asset-liability management and a degree in Finance or related field.
- Other info: Dynamic environment with opportunities for professional growth and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Treasury Risk Management (GTRM) provides second line oversight of trading market risk across Markets and Treasury divisions as well as liquidity risk, interest rate risk (IRR), investment portfolio mark-to-market risk, and capital risk oversight of the firm’s banking book. GTRM is a unit within the Financial Risk group of Enterprise Risk Management (ERM). We seek to hire an experienced Treasury Risk Manager to provide second line oversight of the interest rate risk management of the firm’s balance sheet.
Position and Primary Duties and Responsibilities
- Support independent oversight of balance sheet interest rate risk (IRR), including identification of risks and drivers, establishment and maintenance of risk limits and other risk controls, measurement and analysis of risks, and monitoring and reporting of risks, including validation of data and risk calculations.
- Support independent assessments of the overall accuracy, effectiveness, and reliability of the balance sheet interest rate risk management framework.
- Participate in special projects and review business strategies and new business initiatives to ensure business objectives are met within the firm’s overall risk appetite.
- Review, challenge and report the firm’s balance sheet interest rate risk profile and changes timely and accurately.
- Support development of interest rate risk limits, policy, guidelines and operating procedures, according to regulatory requirements and industry best practices.
- Support development and/or improve interest rate risk measurements and methodologies to capture all key risk factors as market condition changes and for new business initiatives.
- Oversight of risk capturing of client’s deposit behaviours and impacts to NII and EVE.
- Review and challenge of CCAR and quarterly stress testing results and perform risk attribution analyses.
- Oversight of underlying assumptions of QRM system implementation (e.g., interest rate term structure models, volatility models) and their impacts to risk metrics results.
- Prepare analyses, reports and data for senior management, audit, regulatory communication and exams, and rating agency requests.
- Collaborate with the Modelling and Analytics team in implementation of risk metrics and models.
- Support risk and/or regulatory projects and remediation as required; independently driving forward assigned tasks.
Qualifications, Skills and Experience
- 3+ years of experience in roles related to asset-liability management with a focus on balance sheet interest rate risk; exposure to regulatory interactions is a plus.
- At least undergraduate degree in Finance, Economics, Business or quantitative field (such as mathematics, statistics, computer science, etc.) with a proven affinity to financial services; graduate degree or professional designations such as CFA or FRM are a plus.
- Experience with US and EU banking book interest rate risk regulatory requirements.
- Deep knowledge of financial instruments, balance sheet structure and hedging, behavioural modelling of assets and liabilities, fund transfer pricing, and applicable risk measures like NII and EVE sensitivities.
- In-depth understanding of financial statements of financial institutions and impacts from central bank policy changes to financial institutions.
- Good working knowledge of financial products, such as fixed income securities, foreign exchange products, and interest rate derivatives.
- Good understanding of hedging strategies against interest rate risk and FX exchange risk.
- Strong verbal and written communication skills, with ability to articulate effectively ideas and analysis to senior management.
- Strong analytical skill on working with large balance sheet data.
- Proficiency with asset liability management systems, such as QRM, is a plus.
- Self-starter with critical thinking skills and strong financial acumen, willingness to work in a fast-paced and high-energy level environment, and highly organized to manage competing deadlines.
- Team player with unquestionable integrity and ethical standards.
- Ability to gain trust and respect of business partners.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Treasury Risk Manager, AVP employer: State Street Corporation
Contact Detail:
State Street Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Risk Manager, AVP
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to risk management and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your responses to common interview questions, especially those related to interest rate risk and asset-liability management. The more comfortable you are, the better you’ll come across during the actual interview.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at State Street.
We think you need these skills to ace Treasury Risk Manager, AVP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Treasury Risk Manager role. Highlight your experience with interest rate risk management and any relevant regulatory interactions. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a perfect fit. Don’t forget to mention specific projects or experiences that relate to the job description.
Showcase Your Analytical Skills: Since this role involves working with large balance sheet data, make sure to highlight your analytical skills in your application. Share examples of how you've successfully managed data analysis in previous roles – we love seeing those numbers!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing candidates who take the initiative!
How to prepare for a job interview at State Street Corporation
✨Know Your Risk Metrics
Make sure you’re well-versed in key risk measures like NII and EVE sensitivities. Brush up on how these metrics are calculated and their implications for balance sheet management. Being able to discuss these confidently will show your expertise in interest rate risk.
✨Understand Regulatory Requirements
Familiarise yourself with US and EU banking book interest rate risk regulations. Be prepared to discuss how these regulations impact the firm’s risk management strategies. This knowledge will demonstrate your readiness to navigate the regulatory landscape effectively.
✨Prepare for Scenario Questions
Expect questions that challenge your analytical skills, such as how you would assess the impact of central bank policy changes on financial institutions. Practising these scenarios can help you articulate your thought process clearly during the interview.
✨Showcase Your Team Spirit
Highlight your ability to collaborate with teams, especially with Modelling and Analytics. Share examples of past projects where you worked closely with others to achieve a common goal. This will illustrate your team player mentality, which is crucial for this role.
