Funds Credit Risk Officer

1. BASIC PURPOSE :

Manage credit risk in a portfolio of real money funds, by conducting credit reviews, risk ratings, continuous monitoring and ad-hoc analysis. Maintain data in risk and dealing systems to ensure control and accurate exposure reporting.

2. MAJOR RESPONSIBILITIES :

• Undertake credit analysis on a portfolio of real money funds (collective investment schemes, pension schemes and other investment vehicles) arising from the Boston client base across multiple products including trading products and lending facilities
• Perform risk ratings and re-ratings within State Street's Basel-compliant models.
• Monitor and manage the credit quality of the client portfolio, recommending action when necessary.
• Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history.
• Develop strong knowledge of State Street's risk systems and principal trading systems, especially with respect to exposure methodologies, key risks, account and limit structuring, and reporting.
• Review and understand Boston limit exceptions reports, investigations of causes and proposal of remediation action.
• Build knowledge of the content and structuring of legal documentation governing trading businesses.
• Propose and implement enhancements to the credit approval and risk management processes.
• Establish and maintain procedure and working documents.
• Establish a close working relationship with the Front Office Business Teams, and with other internal groups, to ensure effective and efficient communication of all relevant matters.

3. REQUIREMENTS :

Education and Experience

• Preferred 3+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; MBA and/or CFA strongly preferred (or equivalent).

Skills/Knowledge

• Working knowledge of State Street's credit rating and limit management systems, and credit policies, preferred.
• In depth knowledge of the various fund types and their associated risk profiles essential.
• Knowledge of trading and lending products (especially revolvers, term loans, foreign exchange, securities lending and futures clearing) required.
• Strong interpersonal and organizational skills.
• Strong Excel and reporting capabilities.
• Ability to meet deadlines while maintaining attention to detail.
• Ability to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment.
• High level of credit analytical skill sets (qualitative and quantitative)

Salary Range:
$70,000 - $115,000 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.