Front Office Credit Risk Analyst, Senior Associate

Who we are looking for

We are looking for an analyst, preferably with knowledge of foreign exchange and capital markets, who can support the front office risk management function across all counterparty types.  The successful candidate will be part of a dynamic and fast-paced work environment.  Demonstrated ability to coordinate with various internal and external resources to support the FX business, while maintaining tight control over credit risks, is of central importance.  A significant degree of autonomy, including making careful decisions that implement State Street’s risk appetite and adhere to credit policies under time pressure, is a requirement.  

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

What you will be responsible for

As Front Office Credit Risk Analyst, Senior Associate you will

Key Responsibilities:

• Facilitate FX trading through prompt investigation and resolution, on a case-by-case basis, of eFX trade fails and exception requests. 

• Manage counterparty credit limits across various FX ECN platforms. 

• Proactively review and analyze credit limit utilization reports and investigate any over-limit conditions or excesses.

• Assist in ATE monitoring process by sourcing key credit terms from trading documents as well as collecting up-to-date financial information on counterparties.

• Monitor market events, financial condition of counterparties, and promptly raise any potential credit issues to the appropriate parties.

• Provide input to ERM in their reviews regarding credit terms in the trading docs.

• Develop or enhance desk procedures by identifying weaknesses and striving for risk excellence.

• Perform other tasks as assigned to support the Credit Risk team.

Education/Qualifications:

• Bachelor’s degree in finance, economics or related field.

• 1-3 years of experience in capital markets.

• Working knowledge of FX trading products is preferred but not required.

• Experience performing detail-oriented tasks under time constraints.

• Effective oral and written communication to varied audiences is required.

• Familiarity with Bloomberg, Wall Street Systems, Credit Risk Management platforms, and ECNs is a strong plus.

Additional requirements

• This is a hybrid role with an expectation of 4 days a week in the office

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:

$65,000 - $65,000 Annual

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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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