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Market Risk, Vice President

State Street Corporation
Boston, USA
Closing date
Sep 28, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for

State Street Global Markets operates both principal and agency Foreign Exchange trading businesses. Clients are comprised of traditional investment managers, corporations, and alternative asset managers.

We are looking for an FX Market Risk Analyst with a background in foreign exchange risk management across spot, forward, and options markets. Demonstrated experience in analyzing a wide range of FX trading strategies and exposures will be of key importance.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our onboarding and operations service partner, the COO has embarked on a transformational effort to add low-code automation tools to drive optimization of our processes and service levels.

Our strategy and implementation function in COO, is vital to State Street as a key enabler

for our business to deliver data and insights to our end users. We're driving the company's digital

transformation and expanding business capabilities using industry best practices and advanced

technologies such as cloud, low and no-code application solutioning and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global

organization. We're looking for top technical talent to join our team and deliver creative technology

solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

What you will be responsible for

As FX Market Risk Analyst, Vice President you will

  • Perform daily risk management for a diverse portfolio of counterparties, including analysis of VaR exposures, collateral delivered under CSAs, stress scenario results, and exposure changes over time.
  • Help design, implement, and maintain metrics and analyses to track the consumption of regulatory capital, balance sheet leverage, and market risk to aid optimal decision making in sales and trading teams.
  • Work closely with traders to determine the risk impact of new trading and strategic opportunities, including hedging strategies and resource optimization.
  • Provide CVA estimates to desk in support of ad-hoc opportunities and contribute to streamlining CVA modelling process.
  • Serve as main day-to-day contact for Enterprise Risk Management for the FX business.
  • Collaborate with the FX Front Office and ERM on risk guidelines, limit structures, and other governance items.
  • Perform any other tasks as assigned to support the Risk, Analytics, and Regulatory team.

The Market 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 VaR, scenario stress testing, CVA and ISDA/CSA documentation used in FX trading.
  • Demonstrated proficiency in working with large sets of trading and market data.
  • Demonstrated ability of making and communicating effective risk management decisions.
  • Experience with Murex, Advent/Syncova, Bloomberg, Wall Street Systems and SQL is beneficial.
  • Professional designations (CFA, FRM) preferred but not required.

Education & Preferred Qualifications
  • Masters Degree in Finance, Economics, Mathematics, Engineering or related field.
  • 5 years of experience in foreign exchange risk management and/or trading.
  • At least 2 years of experience in prime brokerage risk management.

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