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.
SSM, 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
As CCR Manager you will
Authorize trades for counterparties across SFT, OTC and PB products based on pre trade stress analysis and risk appetite
Improve credit risk governance and monitoring practices across the CCR portfolio
Contribute to enhancing CCR limit framework and risk management systems to support new business products and initiatives.
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
Relevant work experience in the financial services industry within credit risk management
Knowledge in derivative products (FX, Interest Rates, and Equities) across SFT, OTC and Prime Brokerage activities and exposure models (PFE, VaR…)
Ability to identify problems and limitations, propose solutions or proactively address them directly
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
4+ years of experience in a capital markets environment, having exposure to credit risk, counterparty risk, collateral management or trading
Hold a graduate degree in a quantitative science, physics, mathematics, quantitative finance
Experience with a broad spectrum of fixed income products, financial quantitative techniques, and financial modelling
Programming skills with SQL, Python; familiar with statistics software or third-party software such as Bloomberg and RiskMetrics is a plus
Be able to identify problems and limitations, propose solutions or proactively address them directly
Be able to provide prototype implementations and work closely with IT and other groups
Be able to write clear and precise technical documentation describing processes and risk methodologies
Strong verbal, written communication and interpersonal skills that promote effective working relationships in a team-oriented environment
Salary Range:
$110,000 - $177,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home .
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.
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