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Boston, Massachusetts; BOSTON; Clifton, New Jersey; Stamford
Source: State Street careers · View original posting
From State Street's posting. “We” and “our” refer to the employer.
Job Description
State Street Global 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 senior Market Risk Manager to provide second line oversight of capital markets products for both trading and banking book.
Position and Primary Duties and Responsibilities
Provide expertise on capital markets products, ensuring risk analysis and coverage through new business product approval process
Perform independent assessments of the overall accuracy, effectiveness, and reliability of the balance sheet interest rate risk management framework
Provide independent risk oversight of market risk, 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 position data and risk calculations
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.
Provide review and challenge to first line risk profile and report on changes timely and accurately.
Support the development of policies, guidelines and operating procedures, according to regulatory requirements and industry best practices.
Develop and/or improve risk measurements and methodologies to capture all key risk factors as market condition changes and for new business initiatives.
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
Compensation
$120,000 - $202,500 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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