Market Risk, Vice President

State Street Corporation
Boston, USA
26 May 2022
25 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for

We are looking for a Market Risk Analyst with a background in prime brokerage and securities lending risk management. Demonstrated experience in analyzing long/short portfolios in all different strategy variations will be of key importance.

Why this role is important to us

State Street operates the largest Agency Securities Lending program in the industry with a global footprint. The program comprises over $450BN in loans across a wide range of lenders, borrowers, collateral, and transaction types. State Street's Enhanced Custody platform is an alternative to prime brokerage that provides stock borrowing and financing from a segregated custody account. This solution, the industry's first full custody-based model, can help hedge funds and other managers of alternative strategies to reduce counterparty risk, provide additional transparency, increase control over assets and diversify financing exposures. Clients may also engage in self-borrowing and self-financing from their own long positions to achieve an integrated, efficient and cost-effective way to manage long/short portfolios. Both products are supported by an integrated collateral and credit risk team.

What you will be responsible for

As Front Office Market Risk Analyst you will:

Perform daily risk management for a diverse book of top-tier alternative manager portfolios, including analysis of margins, stress scenario results, and exposure changes.

• Assist on the improvement and maintenance of all existing margining models for Equity Long/Short, Convertible Arbitrage and Credit portfolios.

• Maintain and update risk dashboards and models

• Review prospect portfolios as well as existing client portfolios in "what-if" scenarios to determine the risk impact of new trade opportunities.

• Assist in the prospecting and due diligence process for Enhanced Custody clients.

• Maintain and update collateral schedules for State Street's Agency Lending program.

• Screen and approve collateral for bilateral securities loans on an ad-hoc basis.

• Work closely with Enterprise Risk Management (internal risk oversight) and external regulators.

• Perform other tasks as assigned to support the Boston-based Front Office Market and Credit Risk team.

The Risk Analyst will be part of a dynamic and fast-paced work environment with frequently changing projects and assignments. A significant degree of autonomy, including making careful decisions that implement State Street's risk appetite under pressure, is also required.

What we value:

These skills will help you succeed in this role:
  • Solid understanding of portfolio risk, combined with a track record of making and communicating effective risk management decisions.
  • Experience with Advent/Syncova, Python, VB, and SQL optional.
  • Familiarity with credit risk and due diligence process for prime brokerage and other capital markets trading activity is preferred.
  • Professional designations (CFA, FRM) preferred but not required.


• BS in Finance, Economics, Mathematics, Engineering or related field.

• 10+ years of experience in prime brokerage margin risk management.

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