Credit Risk, AVP

State Street Corporation
Boston, USA
Mar 06, 2021
Mar 21, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Posting Title
Senior Credit Officer, Financial Institutions (FI) - ERM Credit and Global Markets Risk

Job Description
Who we are looking for
The FI Senior Credit Officer will have responsibility for conducting comprehensive quantitative and qualitative analysis of banks, broker-dealer, insurance, central clearing houses and sovereign counterparties.

The senior credit officer will support a number of business areas, including Global Treasury, Global Markets, Fund Finance, Custody and Network Management. The position will be a key part of FI Americas Credit team, providing a unique opportunity to work in a dynamic risk management environment.

Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As Senior Credit Officer you will:
  • Provide credit and risk rating recommendations based on fundamental risk analysis
  • Proactively monitor and report on market and other developments impacting assigned counterparties
  • Assist other team members in investigating and resolving limit exceptions, processing limit requests, etc.
  • Assist with preparing daily/regular reports on market data for ERM Management as needed.
  • Collaborate with Credit Approvers in supporting the business areas with guideline changes, timely analytical needs and other ad-hoc requirements
  • Participate in or lead a variety of departmental risk management project as assigned.

What we value
These skills will help you succeed in this role:
  • Build direct relationships with key internal and external parties as necessary in order to enhance credit risk management processes
  • Cooperate and collaborate with other risk functions and internal control functions
  • Excellent critical thinking ability and analytical skills
  • Strong verbal, written, and presentation skills
  • Self-motivated and able to work independently
  • Excellent time-management capacity
  • 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
  • Comfortable in conflict resolution as appropriate with others/in a matrix organization

Education & Preferred Qualifications
  • 5+ 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)
  • Robust understanding of capital markets and respective regulatory landscape including familiarity with global capital markets and understanding of associated risks - macro, rates, currencies, equities and bonds
  • Prior analytical experience and/or formal training in financial institution credit is strongly preferred
  • Strong attention to detail and analytical skills for preparing and/or reviewing credit approval requests
  • Ability to work well both independently and in a team environment and collaborate on time sensitive credit approval requests

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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