Market Risk
Market Risk ( State Street Bank and Trust Company; Boston, MA ): A self-motivated Market Risk and Credit Exposure Analyst will use a strong technical and quantitative aptitude providing market risk and credit exposure oversight as part of the ERM Trading and Market Risk team, and the candidate will contribute to the establishment and maintenance of best practices and governance policies pertaining to report compilation, data integrity, and distribution. Specific duties of the position include: Global independent risk oversight of market risk and credit exposure, 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. Substantial interaction with traders and other support functions; Help develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools; Analyze and continuously enhance market risk models (VaR, Expected Shortfall, PV01, Option Greeks) and counterparty credit exposure measures (PFE, EPE, CVA), including collateral analysis (ISDA, CSA, SIMM); Perform stress testing, identify portfolio vulnerabilities and support the stress testing scenario design process; Monitor Market Risk/Credit Exposure limits and appropriately escalate exceptions; Develop good working relationships with colleagues within Financial Risk and ERM, SSGM and other business units, support functions (e.g., operations, assurance functions) and technology; Contribute to risk and/or regulatory projects as required; independently driving forward assigned tasks.
Minimum Requirements: Master's degree Financial Mathematics, Statistics, or quantitative subjects; plus 3 year's experience as Market Risk or any occupation/ title in which hands-on financial industry experience is gained. Must Have: Demonstrated knowledge of Foreign Exchange and Interest Rate Derivatives; Strong quantitative background including experience in curve building and risk modelling; Strong quantitative mindset and ability to take model ownership and improve on existing risk models like VaR, sensitivities, PFE, or backtesting; Excellent systems skills and strong ability to develop prototypes using Python, VBA and SQL; Ability to identify problems and limitations, propose solutions and proactively address these directly; Ability to communicate and write clear and precise technical documentation describing processes and methodologies; Solid critical thinking ability and analytical skills; Self-motivated and able to work independently and excellent time-management skills; Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements. (Unless otherwise indicated, State Street is seeking the stated ability in the skills listed above with no specific number of years or amount of experience required. All experience can be gained concurrently.
To apply to this position, you must click the "Apply" button on this page and complete the online application . An EOE.
LI-DNI
Salary Range:
$90,000 - $160,000 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.
