Investment Portfolio Risk Analyst, AVP, Global Treasury Risk Management

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 investment portfolio market risk.

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 identify, analyzing, monitoring key financial risks of State Street including liquidity risk, interest rate risk, and mark-to-market risk.

POSITION PRIMARY DUTIES AND RESPONSIBILITIES

The Investment Portfolio Risk Analyst, Assistant Vice President, within GTRM will focus on mark-to-market risk in the investment portfolio and derivatives activities for balance sheet management & funding. This individual should have work experience related to fixed income capital markets 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 investment portfolio risk management team is the independent oversight of State Street’s ~$110 billion investment portfolio. This includes the implementation of a strong risk framework to oversee portfolio mark-to-market risks including interest rate risk and credit spread risk. The oversight relies on measurement approaches used for trading activities and takes into account capital and liquidity constraints in the investment strategy. The individual will play a key role in expanding the risk oversight process and will participate in special projects and in the review of new Treasury business initiatives.

Additional duties and responsibilities include:

• Support analyses on mark-to-market risk for State Street’s investment portfolio. The investment portfolio spans a wide range of asset classes (RMBS, CMBS, Sovereign Bonds, Corporate Bonds, Municipal Bonds, Covered Bonds, ABS Student Loans, ABS Credit Cards, ABS Auto loans etc.) across major currencies and an expanding set of interest rate derivatives

• Support new product initiatives by Global Treasury’s Chief Investment Office

• Ensure appropriate escalation of relevant risk information to senior management and regulators

• Assist in enhancement and calibration of risk limits, guidelines and policies

• Perform and document analyses and processes for the enhancement of the team’s overall framework

QUALIFICATIONS, SKILLS, AND EXPERIENCE

• 4+ years of relevant experience in fixed income capital markets, Treasury activities, or risk management and regulatory concerns related to those disciplines

• Bachelor’s degree in Finance, Economics or a quantitative discipline required

• Master’s degree and/or CFA, FRM or PRM designation a plus

• Good understanding of financial instruments, particularly across a wide range of fixed income securities

• Exposure to securitized assets, related cash flow modeling techniques and prepayment models a plus

• Portfolio management experience in a large bank, insurance company or asset management firm a plus

• Fluency in MS Office applications

• Programming experience a plus (particularly in Python or R)

• Self-starter with willingness to work in a fast-paced environment

• 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

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:

$90,000 - $157,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

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.