Counterparty Credit Risk Manager, Vice President, Hybrid

This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.

Who we are looking for

The position is for a 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 credit risks arising from the activities within State Street Markets business unit (SSM) and Global Treasury. 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 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.
• Authorize trades for Hedge Fund, Financial Institutions and Prime Brokerage clients across SFT, OTC and PB products based on pre-trade stress analysis and risk appetite.
• 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 SSM 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

These skills will help you succeed in this role:

• Strong knowledge in derivative products (FX, Interest Rates, and Equities) across SFT, OTC and Prime Brokerage activities.
• 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 7+ years of hands-on industry experience with in-depth knowledge of Securities Finance, FX and related business lines, 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.

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.