Structured Asset Market Risk VP, Global Treasury Risk Management Job at State Street
$110,000 - $185,000 a year
OVERVIEW
Global Treasury Risk Management (GTRM), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced treasury risk professional. The primary focus for the position will be the independent risk oversight and assessment of State Street’s credit risk within Global Treasury’s $10B+ structured asset investment portfolio.
GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT
Banking is a risk-taking business. The goal of ERM is to ensure that State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients. GTRM acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury (GT) department. GT core functions include managing the investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships.
GTRM plays a critical role in the overall success of the organization. State Street investors and clients rely on State Street to ensure the risks of State Street are appropriately managed. Our team is responsible for identifying, analyzing and monitoring key financial risks of State Street including liquidity risk, interest rate risk (IRR), mark-to-market risk, and credit risk exposures.
POSITION PRIMARY DUTIES AND RESPONSIBILITIES
The Market Risk VP within GTRM will focus on credit risk management for the structured assets in State Street’s investment portfolio. The candidate should have fixed income capital markets work experience within a financial organization and possess good verbal and written communication skills for interactions within GTRM as well as with internal and external stakeholders, including global business partners and regulators.
The primary responsibility of the risk management team is to provide independent oversight of the bank’s $10B+ structured asset securities portfolio comprised of ABS, CMBS, RMBS, and CLOs. The candidate will actively support the independent oversight of GT’s credit risk (e.g., asset class and issuer limits, independent reviews, governance reporting, support Comprehensive Capital Analysis and Review (CCAR) and Current Expected Credit Losses (CECL) analysis, etc.). The individual will assume day-to-day responsibility for monitoring market developments within assigned asset classes and communicating potential impacts associated with securities held in GT’s investment portfolio to management and relevant governance committees. The candidate will serve as a Subject Matter Expert (SME) by providing market and asset‑class color in support of CCAR and CECL modeling efforts. The individual will play a key role in expanding the credit risk oversight process and will participate in special projects and in the review of new Treasury business initiatives.
Additional duties and responsibilities include:
- Monitor investment portfolio performance at asset-class and transactional level by maintaining and enhancing surveillance reporting for assigned structured asset classes
- Engage with investment portfolio managers to ensure GT’s investment strategy is understood and existing limits are appropriate
- Support modeling team in the development efforts by providing market intelligence and perspective on potential portfolio performance
- Ensure appropriate escalation of relevant risk information to senior management and regulators
- Assist in the enhancement and calibration of asset-class and issuer policies and guidelines
- Perform and document analyses and processes for the enhancement of the team’s overall framework
QUALIFICATIONS, SKILLS, AND EXPERIENCE
- 5 – 8 years’ experience in fixed income capital markets, Treasury activities or risk management area within a financial institution and 3+ years of structured asset credit risk experience
- Bachelor’s degree in economics, finance, or other quantitative discipline required
- Master’s degree in economics, finance, or other related field, with quantitative background a plus
- Analytical background and good knowledge of quantitative methods applied to finance
- Ability to manage large amounts of data to perform complex quantitative and qualitative analyses
- Experience modeling structured asset products in CCAR/CECL framework a plus
- Proficiency in Intex required
- Proficiency in modeling languages and Intex’s wrapper a plus
- Self-starter with willingness to work in a fast-paced, high-energy level environment
- Independent and critical thinking skills and strong financial acumen
- Team player with unquestionable integrity and ethical standards
- Strong work ethic and highly organized to manage multiple deliverables
- Ability to gain trust and respect of business partners
- Effective verbal and written communication skills
Familiar with INTEX, Python, R, Structured Assets is KEY!
Salary Range:
$110,000 - $185,000 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.
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