Global Head of Market Risk, Managing Director

Company: STATE STREET CORPORATION
Location: Boston
Posted on: May 20, 2025

Job Description:

State Street Global Treasury Risk Management (GTRM) provides second line oversight of trading within our Global Markets division as well as capital, liquidity and investment risk oversight of Global Treasury activities. GTRM is a unit within the Financial Risk group of Enterprise Risk Management (ERM).We seek to hire an experienced Market Risk Manager to provide second line oversight of our trading activities within Global Markets and our asset-liability management within Global Treasury.Primary Duties and Responsibilities:---Provide independent second line oversight of the firm's asset-liability management, investment portfolio and principal trading activities within Global Markets and Treasury.---Define risk appetite, design and calibrate limits, measure and monitor risk, identify portfolio vulnerabilities and design and execute relevant stress tests.---Ensure compliance with global regulatory requirements and supervisory expectations.---Drive dialogue on key risk issues with stakeholders including the first line of defense, senior management, the Board of Directors and regulators.---Develop and implement the requisite analytical framework for risk identification, risk measurement, risk appetite definition and risk control.Work closely with model developers, model risk management and IT to implement the framework.---Assess risks of new products and business expansion opportunities.---Hire and develop talent.Build and lead the global team to execute the mandate.---Lead key market risk initiatives involving regulatory remediation and analytical process development.---Lead or participate in relevant risk committees and working groups.An ideal candidate with have work as a trader or market risk manager within a banking, trading or investment organization.The successful individual will likely have i) direct experience with currency and interest rate risk management ii) experience managing a team and iii) strong analytical skills, if) demonstrated ability to communicate effectively to senior audiences.Qualifications:---Minimum of 15 years of related experience in the financial services industry.---Experience with interest rate risk (including prepayment and/or deposit modeling) at a banking organization, ideally within the trading, treasury or risk functions.---A bachelors or advanced degree in economics, finance, a quantitative or other related field required.---Familiarity with Foreign Exchange and Interest Rate Derivatives; in-depth knowledge of forwards, swaps, NDFs and options preferred.---Proven experience with regulatory management and regulatory remediation.---Strong quantitative background, experience in curve building and risk modelling.---Strong quantitative mindset, ability to take model ownership and improve on existing risk models (Value-at-Risk, Sensitivities, Liability Characterization, back-testing).---Demonstrated experience evaluating risks and mitigating financial risk.---Experience in managing and developing a global team.---Proven interpersonal and communication skills at executive level.---Strong critical thinking ability and analytical skills.---Team player with unquestionable integrity and ethical standards.---Strong work ethic and ability to manage multiple projects at once.About State StreetWhat 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/careersSalary Range:$170.000 - $282.500 AnnualThe 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.Job Application Disclosure:It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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Keywords: STATE STREET CORPORATION, Quincy , Global Head of Market Risk, Managing Director, Executive , Boston, Massachusetts