Market Risk

Market Risk

Location: Boston, Massachusetts

time type Full time

Job Description:

Market Risk (State Street Bank and Trust Company; Boston, MA):

This self-motivated Market Risk Analyst will use a strong technical and quantitative aptitude providing market risk 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 responsibilities include providing global 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. Substantial interaction with traders and other support functions; helping develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools; analyzing and continuously enhancing market risk models (VaR, Expected Shortfall, PV01, Option Greeks); performing stress testing, identify portfolio vulnerabilities and support the stress testing scenario design process; monitoring Market Risk limits and appropriately escalate exceptions; developing good working relationships with colleagues within Financial Risk and ERM, SSGM and other business units, support functions (e.g., operations, assurance functions) and technology; and contributing to risk and/or regulatory projects as required; independently driving forward assigned tasks.

Hybrid remote telecommuting permitted pursuant to company policy.

Minimum requirements:

Master's degree or its equivalent in Financial Mathematics, Statistics, or related quantitative field and 3 years of experience in Market Risk or any occupation in which hands-on financial industry experience and/or applied data analytics is gained.

Must also have:

demonstrated knowledge of Foreign Exchange and Interest Rate Derivatives; strong quantitative background including experience in curve building and risk modelling; proven strong quantitative mindset and ability to take model ownership and improve on existing risk models like VaR, sensitivities, or back testing; demonstrated strong systems skills and strong ability to develop prototypes using Python, VBA and SQL; proven ability to identify problems and limitations, propose solutions and proactively address these directly; proven ability to communicate and write clear and precise technical documentation describing processes and methodologies; demonstrated solid critical thinking ability and analytical skills; success in a role requiring self-motivation and the ability to work independently and with solid time-management skills; and proven ability to 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.)

An EOE.

#LI-DNI

Salary Range:

$82,014 - $180,000 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.

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.

About State Street

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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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.