Front Office Credit Risk Analyst, Officer

Markets Credit Risk Analyst, Officer

State Street Markets (“SSM”) is looking for an Officer to join the SSM Risk and FRM team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, and Portfolio Solutions. Additionally, the team performs Financial Resource Management, covering allocation, monitoring, and optimization of capital, funding, and liquidity.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

What you will be responsible for

As Front Office Credit Risk Analyst, Officer you will

Reporting to the Head of Front Office Credit Risk in Boston, this Officer role is responsible for first line credit risk management across the business units in State Street Markets. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success. This role requires an experienced risk analyst with a background in Securities Finance, Capital Markets and OTC Derivatives who can support the front office management function for all State Street Markets’ products. Demonstrated experience in the credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds is of central importance. The role is located in Boston, with a minimum of 4 days per week in the office.

Key Responsibilities:

• Conduct credit reviews of counterparties and prospects within each SSM business line.

• Partner with sales and relationship management teams to ensure timely and thorough credit analysis of new relationships.

• Negotiate client-facing credit terms in legal agreements for all SSM counterparties and ensure appropriate monitoring of ATEs.

• Liaise with relationship management and front office trading to support counterparty review of lending supply.     

• Manage the collection of up-to-date financial information for all of our counterparties.

• Under direction of credit team leader, participate in periodic and ad-hoc due diligence calls and visits.

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

• Help manage the relationship between Front Office Risk and Enterprise Risk Management.

• Inform Enterprise Risk Management of all relevant developments involving counterparties.

• Perform any other tasks as assigned to support the Front Office Credit and Market Risk teams.

Desired Skills & Experience

• Bachelor's Degree or equivalent in an economics or business-related field.

• 2-5 years’ experience in counterparty credit risk preferred.

• Formal credit training strongly preferred.

• Professional designation (CFA, FRM) preferred but not required

• Strong risk management and control focus.

• A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment.

• Strong verbal and written communication skills.

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:

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

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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.