Market and Counterparty Credit Risk Manager, Vice President, Hybrid (m/f/w)
Location
Frankfurt am Main | Germany
Job description
Who we are looking for
An experienced Market Risk and Counterparty Credit Risk Manager to manage financial risks arising from Global Markets activity. This encompasses FX Sales and Trading, Securities Finance business, and any new business within Global Markets. You will be part of the Credit Risk team and located in Frankfurt, Germany. Credit Risk is an independent bank function, within the Enterprise Risk Management organization, providing governance and oversight of all activities across the Bank that generate credit and market risk exposure. The position will be a key part of the ERM team, providing a unique opportunity for an analyst to work in a dynamic risk management environment.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Market and Counterparty Credit Risk Manager you will be
- Responsible for independent risk oversight of State Street Global Markets (SSGM) businesses, including identification of risks and drivers, establishment and maintenance of risk limits and other risk controls, measurement and analysis of risks, and monitoring and reporting of risks, validation of position data and risk calculations. Substantial interaction with business/traders and other support functions required.
- Develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools.
- Analyze and continuously enhance market risk models and counterparty credit exposure measures, including collateral analysis.
- Perform stress testing, identify portfolio vulnerabilities and support the stress testing scenario design process.
- Own and maintain the Market Risk framework for Global Markets business, including setting Market and Credit Risk limits within the Risk Appetite for the relevant Committees to be approved.
- Acting as Co-chair of the regional Credit and Market Risk Committee.
- Keeping abreast of regulatory developments, new products, services, technologies and applications as well as their respective impact on the business' risk profile.
- Developing an understanding of SSGM's strategy, critical success factors, risk profile and potential exposures and drive new product implementations from risk management perspective.
- Serving as a subject matter expert, providing on-going direction and consultative advice to the business unit with respect to risk management policies, guidelines, and best practices.
- Serving as liaison on Global Markets risk matters with regulators and other external parties.
- Contributing and participating in relevant Business Unit and/or Risk Management committees, both regionally and globally.
- Develop good working relationships with regional and global colleagues within the global risk organization, SSGM and support functions
What we value These skills will help you succeed in this role
- Strong working background in risk across asset classes
- Independent and self-organized working style combined with strong Project Management skills
- Very strong analytical and problem-solving abilities with the demonstrated ability to effectively communicate verbally and written with various stakeholders
- Ability to focus on multiple areas at once
- Commitment to quality and high attention to detail
- Excellent interpersonal, organizational, presentation and communication skills
- Strong communication and business facing skills
- Solid knowledge of regulatory landscape
Education & Preferred Qualifications - Successfully completed Bachelor's and/or Master's degree, preferably in quantitative science, physics, mathematics or quantitative finance or a related field, or an equivalent educational background.
- Minimum of 7+ years of market risk and credit risk experience on trading products gained within an international and global financial institution.
- Strong knowledge of Capital Markets products including Foreign Exchange, securities financing transactions, Treasury and derivatives products.
- Additional credit risk experience with financial institutions, corporates or fund structures would be an advantage.
- Experience in Legal documentation negotiation beneficial.
Additional requirements - Programming skills (e.g. Python, SQL) preferred
- Fluency in English, other European language skills like German beneficial
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
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