Front Office Risk Analyst, Global Markets, Vice President

State Street Corporation
Hong Kong, Hong Kong
Jan 15, 2021
Jan 20, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
We are looking for an experienced risk analyst with a background in foreign exchange and capital markets who can support the front office management function for all Global Markets products, primarily in the APAC region. Demonstrated experience in the credit and market risk analysis of a wide variety of counterparties and financial instruments is of central importance. The Front Office Risk Analyst will be part of a dynamic and fast-paced work environment. A significant degree of autonomy, including making careful decisions that implement State Street's risk appetite under pressure, is a requirement. The analyst will be located in Hong Kong and will be responsible for follow the sun coverage.

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 capital markets industry from day one is a challenge you are up for.

What you will be responsible for
As Front Office Risk Analyst you will
  • Ensure proper credit due diligence has been completed for all counterparties within each SSGM business line
  • Review client and prospect portfolios for collateral eligibility, risk characteristics, and resulting margin requirements across Global Markets programs
  • Implement "follow the sun" coverage model for the Front Office Risk Team, particularly for FX ECN limit maintenance
  • Perform detailed analysis including VaR, PFE, RWA, CVA exposures, collateral delivered under CSAs, stress scenario results, and exposure changes over time.
  • Become the subject matter expert in APAC around scarce resources & limits including RWA, SCCL, Balance Sheet, RoC, CCAR, Asset/Liability Management, LCR, NSFR + Treasury Funding
  • 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
  • Manage the relationship between Front Office Risk and ERM; inform ERM of relevant business developments in the APAC region
  • Prepare and present in-person and teleconference service updates to clients from a Front Office Risk perspective

What we value
These skills will help you succeed in this role
  • Demonstrated proficiency in working with large sets of trading and market data.
  • Deep knowledge of regulatory environment applicable to FX and other global markets businesses.

Education & Preferred Qualifications
  • Bachelor's degree in finance, economics or related field. Advanced degree preferred.
  • 5-7 years of experience in capital markets risk management.
  • Formal credit training strongly preferred.
  • Solid understanding of VaR, scenario stress testing, and ISDA/CSA documentation used in FX trading.
  • Deep knowledge of regulatory environment applicable to FX and other global markets businesses.
  • Demonstrated proficiency in working with large sets of trading and market data.
  • Professional designations (CFA, FRM) preferred but not required.
  • Experience with Bloomberg, Wall Street Systems, Credit Risk Management platforms, and SQL is beneficial.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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.
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