Front Office Credit Risk Analyst, Assistant Vice President

Front Office Credit Risk Analyst, Assistant Vice President

Location: Boston MA

State Street Markets ("SSM") is looking for Assistant Vice President ("AVP") to join the SSM Risk and FRM team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM's business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, and Global Link. Additionally, the team performs Financial Resource Management, covering allocation, monitoring, and optimization of capital, funding, and liquidity.

Job Description

Reporting to the Head of Front Office Credit Risk in Boston, this AVP role is responsible for first line credit risk management across the business units in State Street Markets. Traditional counterparty credit analysis skills and detailed trading product knowledge are prerequisites for success.

This role requires an experienced risk analyst with a background in Securities Finance, Foreign Exchange, Capital Markets and OTC Derivatives who can support the front office management function for all State Street Markets products. Demonstrated experience in the credit risk analysis of a wide variety of counterparties, including corporates, alt-funds, and financial institutions is of central importance. The role is located in Boston, with a minimum of 4 days per week in the office.

Key Responsibilities

· Conduct credit reviews of counterparties and prospects within each SSM business line.

· Work closely with sales and relationship management teams to ensure timely and thorough credit analysis of new relationships.

· Negotiate client-facing credit terms in legal agreements for all SSM counterparties, and ensure appropriate monitoring of ATEs.

· Manage the collection of up-to-date financial information for all of our counterparties.

· Under direction of credit team leader, participate in periodic and ad-hoc due diligence calls and visits.

· Proactively review and analyze credit utilization reports and investigate any over-limit conditions.

· Help manage the relationship between Front Office Risk and Enterprise Risk Management.

· Inform Enterprise Risk Management of all relevant developments involving counterparties.

· Perform any other tasks as assigned to support the Front Office Credit and Market Risk teams.

Desired Skills & Experience

· Bachelor's Degree or equivalent in an economics or business related field. Advanced degree preferred.

· 3-5 years' experience in counterparty credit risk preferred.

· Formal credit training strongly preferred.

· Professional designation (CFA, FRM) preferred but not required

· Strong risk management and control focus.

· A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment.

· Strong verbal and written communication skills.

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.

Salary Range:

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.