Who we are looking for

The Liability Management Team, a unit of the Chief Investment Office in Global Treasury, plays a critical role in managing the bank’s balance sheet and liquidity, Nostro funding and hedging risk relating to the circa ~$100 billion investment portfolio.

The global funding team is comprised of liability managers across the U.S., Europe and APAC regions.

The candidate will be part of the funding team, working as an Interest Rate Swap specialist with further responsibilities for day to day bank funding, CD issuance, short term funding products and working with the wider CIO team to suggest and implement strategies to hedge risk and optimise the returns on the Investment Portfolio.

This is a visible role, and the individual is expected to collaborate effectively within the team and across organizational functions including Finance, Treasury & Risk.

The candidate will be reporting to the Head of Funding in North America but will have exposure to the whole CIO team and will have the opportunity to share market views, trade ideas and contribute to projects and daily tasks.

What you will be responsible for

• Responsibilities include market execution of IRS, working with the Portfolio Managers and Chief Investment Officer to develop strategies to optimize the Investment Portfolio interest rate views.
• Working with capital teams on the decision whether to swap out any long term debt issuance.
• Working with colleagues on the funding team in managing the Boston branch currency Nostro accounts, executing short date FX swaps, money markets, Fed Funds and other instruments to manage the day to day funding of the bank.
• Maintaining relationships with market counterparties, FHLB and customers for funding trades including CD issuance.
• Working with various stake holders to see if more instruments could be added to the CIO toolbox.
• Working with the Liquidity Team on any funding and stress testing strategies

Education & Preferred Qualifications

• BSc from a quantitative discipline, economics, or finance degree
• 8+ years previous relevant experience
• Excellent oral and written communication skills
• Excellent presentation building skills
• Analytical skills with an innovative and solution orientation approach to problems.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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 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/careers

Salary Range:

$120,000 - $187,500 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.

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.