Credit Risk Director/Vice President

Employer
State Street Bank
Location
Boston, USA
Salary
Competitive
Posted
Oct 27, 2019
Closes
Nov 01, 2019
Ref
6583910
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Credit Risk Director,VP Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Credit-Risk-Director-VP_R-626827/apply Job Description
Credit and Market Risk Portfolio Manager, Vice President: a member of the global Enterprise Risk Management division (ERM), working within Credit & Global Markets Risk (CGM) - Portfolio Management group. This role reports in Portfolio Managements Head of Portfolio Risk Oversight and Stress Testing (PROST)

The individual will assist in the oversight and coordination of State Streets global credit and market risk exposures. Primary responsibilities will be to ensure ongoing monitoring of STTs credit and market risk portfolio exposures and to contribute to the development of the portfolio via related analysis and metrics. Specific activities may include:
  • The coordination and submission of the credit components to the Banks domestic supervisory stress test submissions, including the Comprehensive Capital Analysis and Review (CCAR).
  • The coordination and submission of the Banks Board-level and sector-level credit strategies, including development of Board- and sector-level risk appetite guidelines. Provide subject matter expertise and coordination in the development of other credit risk appetite dimensions (such as product or legal entity).
  • The production and dissemination of the Banks primary credit portfolio reporting, for use within Credit, broader ERM, and the businesses, as well as providing associated information for internal and/or regulatory inquiries..
  • Continuously review and upgrade reporting across all sectors, products, and geographies so as to meet the needs of above constituents.
  • Contributing to the Banks ongoing Material Risk Identification (MRI) efforts via quantitative and qualitative assessments of portfolio risks.
  • Contributing to risk and/or regulatory projects as required; independently driving forward assigned work streams

This individual will contribute to broader initiatives of the Bank in terms of process development and related credit and market risk monitoring

In this role, collaboration within and beyond CRM is essential to develop a holistic view of portfolio risks. Individual will closely interact with various internal departments, in particular, other teams within ERM , Corporate Finance, State Streets various Business Units, Integrated Analytics Team (IAT) and Internal Audit. In addition, individual will collaborate with various colleagues globally in the context of ongoing portfolio monitoring, as well as via key projects and initiatives.

Proficiency Expectation & Education/Experience Requirements:
  • 8+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products, regulatory requirements, including policies, procedures, and stress testing
  • MBA and/or CFA strongly preferred (or equivalent).

Skills:
  • Robust understanding of capital markets and respective regulatory landscape
  • Excellent critical thinking ability and analytical skills
  • Develop effective working relationships and communications with internal stakeholders
  • Strong verbal, written, and presentation skills
  • Self-motivated and able to work independently; excellent time-management skills
  • Project management skills with ability to lead and participate in projects
  • Ability to cooperate with others to help both parties be successful
  • Foster an environment that supports effective teamwork
  • Promote and support a culture of effective challenge and risk excellence.
  • Comfortable in conflict resolution as appropriate with others/in a matrix organization
  • Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.
Posted TodayFull timeR-626827
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