Treasury - Net Interest Income and Balance Sheet Stress Testing

NII & Balance Sheet Stress Testing a/k/a Treasury

Location: Boston, Massachusetts, United States

Employment Type: Full-time

Work Arrangement: Hybrid 

Salary: USD $110,000–$215,000 per year

Job Description:

NII & Balance Sheet Stress Testing a/k/a Treasury

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

The position is on the Asset Liability Management (ALM) team, a division of Global Treasury, which is responsible for managing the corporate balance sheet, net interest income (NII) forecast and interest rate risk positioning.

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 Treasury position within the Stress Testing and Global Treasury Reporting team is responsible for all aspects of the firm's stress testing exercises impacting the balance sheet and NII.

The candidate will work closely with business units and oversight partners across the organization to analyze key findings, communicate impacts, and enhance our scenario analysis process.

Specific duties include:

• Responsible for all CCAR and internal stress testing execution using the Quantitative Risk Management (QRM) model, providing deep-dive analysis of key balance sheet and NII drivers.
• Building and delivering clear and influential presentations to senior management and governance committees.
• Maintaining a strong regulatory standing for stress testing processes through routine interactions and targeted exams.
• Working closely with model developers and oversight partners on balance sheet model rebuilds, enhancements and ongoing monitoring.
• Playing an important role in developing senior-level reporting and analysis across Global Treasury and administering the Asset Liability Committee meetings.
• Guiding a team of analysts, providing direction, coaching and constructive feedback.
• Responding in a timely and accurate manner to ad-hoc requests.

Work Arrangement: Hybrid telecommuting permitted pursuant to Company polic

Minimum Requirements: Bachelor's degree or its equivalent in Economics, Finance or quantitative discipline; plus 7 years' experience in financial services with Global Treasury and stress testing experience.

Total experience must include:

• 3 years of experience with the Quantitative Risk Management (QRM) Asset Liability Management applications.

Must have:

• Proven ability to successfully collaborate across teams and work well independently.
• Proven ability to solve problems and improve existing processes.
• Demonstrated experience with large bank stress testing or balance sheet and NII forecasting.
• Excellent verbal and written communication with the ability to create concise, professional and influential presentations.
• Demonstrated experience working with oversight teams, including internal audit and risk partners on identification and remediation of gaps and enhancements.

(Unless otherwise indicated, State Street is seeking the ability in the skills listed above with no specific number of years 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:

$110,000 - $215,000 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:

• Retirement savings plan (401K) with company match.
• Insurance coverage including:
  • Basic life insurance.
  • Medical.
  • Dental.
  • Vision.
  • Long-term disability.
  • Other optional additional coverages.
• Paid time off including:
  • Vacation.
  • Sick leave.
  • Short-term disability.
  • Family care responsibilities.
• Access to the Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans).
• 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.

Discover more information on jobs at StateStreet.com/careers

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.