Interest Rate Risk Management, VP

3 weeks ago

Boston, United States State Street Corporation Full time
Asset Liability Management (ALM), a division of Global Treasury, is responsible for managing the corporate balance sheet, net interest income (NII) forecast and interest rate risk positioning. The team focuses on optimizing the risk/reward relationship by recommending strategies for sustaining and growing NII while being mindful of regulatory constraints. ALM routinely collaborates with other areas across Global Treasury, Finance, Risk and business units to operate within the risk appetite outlined by the Board of Directors.

The candidate would lead State Street's corporate interest rate risk management and measurement process reporting into the Head of Interest Rate Risk. This position would oversee the bank's NII sensitivity, economic value of equity (EVE) and mark to market (MTM) risk posture relative to internally-approved limits and guidelines. The role requires close collaboration with business partners throughout the company in support of company-wide balance sheet strategies.

Responsibilities:
  • Working closely with a team of analysts to analyze NII sensitivity, EVE sensitivity and MTM risk
  • Identifying and communicating key storylines and drivers of change to the interest rate risk position, along with analysis of our peers
  • Preparing and presenting clear, concise and influential presentations to senior management
  • Partnering with other team members across ALM, Treasury, Finance and oversight partners
  • Performing timely and accurate ad-hoc analytics
  • Supporting quarter-end earnings preparation process and related regulatory filings

Qualifications
  • 7+ years' experience in financial services, Treasury and Interest Rate Risk experience preferred
  • Experience working with the Quantitative Risk Management (QRM) framework
  • Proven ability to solve problems and improve existing processes
  • Successfully collaborates and leads peers and business partners and works well independently
  • Analytical mindset
  • Excellent verbal and written communication
  • Strong quantitative aptitude/skills
  • Detail orientation
  • Minimum of Bachelor's degree, preferably in Economics, Finance or quantitative discipline

Are you the right candidate? Yes
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street
What we do. 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.

Discover more at StateStreet.com/careers

Salary Range:
$110,000 - $185,000 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.

Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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