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

Employer
State Street Corporation
Location
Boston, USA
Salary
Competitive
Closing date
Oct 21, 2022

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
#NBMBAA
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 Front Office Market Risk , Vice President you will

Responsibilities:
  • 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.

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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