Position Summary

As a Counterparty Risk Analyst within State Street Investment Management (IM), you provide independent counterparty risk oversight across all asset classes and products offered by the investment management business.  The primary focus of the team is to independently measure and monitor counterparty risk, ensuring that counterparty exposure associated with trading activities is prudently managed.

The role will focus primarily on the execution of counterparty risk processes, including daily and ad-hoc risk reporting, investigation of data quality issues, and trade monitoring. Some knowledge of capital markets and trading lifecycle required. 

The individual will play an important role in maintaining and enhancing the team’s internally developed credit application, which houses counterparty data and supports counterparty risk reporting and analysis. This will include documenting business requirements for Technology partners, participating in new capability builds, and testing new and existing functionality. In addition to reporting and technology responsibilities, the role will include counterparty credit analysis, including responsibility for a portfolio of trading counterparties.

You will work with our Technology Risk partners to drive improvement in productivity via automation and centralization of risk reporting as well as design and execute our digital transformation strategy. The candidate should possess strong analytical, technical, and communication skills, with the ability to work collaboratively across Risk, Technology, Operations, Legal, and Investment teams.

Our Team

We are a diverse team of over 50 risk professionals based in Boston, Stamford, London, Dublin, Krakow, Bangalore and Sydney. As a combined group, we are responsible for identification, control, and reporting of operational, investment, liquidity, counterparty, and model risk globally.

All over the world, investors rely on IM to help them deliver on diverse investment objectives, handle risk, respond to challenges, and drive performance and profitability. We manage over $6 trillion of assets under management and keep our clients at the heart of everything we do.  Talented, engaged employees are critical to our continued success. Our promise to maintain an environment where every employee feels valued and able to meet their full potential inspires our mission. Itis also part of our dedication to inclusion, development and engagement, and corporate social responsibility. You will have tools to help you balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. State Street is an Equal Opportunity Employer.

Qualifications

• Produce daily counterparty risk reporting, identify data quality issues, exposure changes, trade exceptions, and other reporting anomalies.

• Generate time-sensitive counterparty risk reports such as regulatory reports.

• Maintain and enhance the team’s internally developed credit application, which stores counterparty data and supports reporting and analytics.

• Participate in new capability builds, user acceptance testing, regression testing, and validation of new and existing system functionality.

• Draft and maintain business requirement documents for Technology partners.

• Support digital transformation partnering closely with IM Risk IT to ensure best in class platform supporting new product offerings and risk reporting.

• Manage a portfolio of trading counterparties, conducting periodic credit reviews and ongoing monitoring.

• Participate in cross-functional ad-hoc projects.

• Contribute to a strong control environment by maintaining accurate documentation, repeatable processes, and effective challenge.

Other Key Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Business, Data Analytics, or a related field.

• 5-7  years of relevant experience in risk management, credit, investment management, financial services, or operations.

• Working knowledge of financial markets and the trade lifecycle.

• Ability to support multiple deliverables while maintaining accuracy and attention to detail.

• Experience with Tableau, SQL, databases, or workflow automation tools considered a plus

• Strong problem-solving, effective verbal and written communication skills, and ability to work collaboratively across global teams.

Salary Range:

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.

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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.