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FX Market Risk-Global Markets Front Office Risk & Capital Optimization, Assistant Vice President

Employer
State Street Corporation
Location
Boston, USA
Salary
Competitive
Closing date
Oct 26, 2022

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Who we are looking for
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 investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for
As FX Front Office Market Risk , Assistant Vice President you will
  • Assist in performing 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.
  • Assist team in providing CVA estimates to trading desk in support of ad-hoc opportunities.
  • Collaborate with 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:
  • Understanding of VaR, scenario stress testing, CVA and ISDA/CSA documentation used in FX trading is beneficial
  • Demonstrated proficiency in working with large sets of trading and market data.
  • Experience with Murex, Advent/Syncova, Bloomberg, Wall Street Systems and SQL is optional.
  • Professional designations (CFA, FRM) preferred but not required

Education & Preferred Qualifications
  • BS in Finance, Economics, Mathematics, Engineering or related field.
  • 3 years of experience in foreign exchange risk management and/or trading.

  • About State Street
  • What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
  • Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
  • Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
  • State Street is an equal opportunity and affirmative action employer.
  • Discover more at StateStreet.com/careers

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