Market Risk, AVP

Investment Portfolio Risk Analyst, AVP, Global Treasury Risk Management

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 (GTRM) is a business‑aligned risk function focused on 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 ensuring that the risks of State Street are appropriately managed, including liquidity risk, interest‑rate risk, and mark‑to‑market risk.

The team is responsible for identifying, analyzing, monitoring key financial risks such as liquidity risk, interest‑rate risk, and mark‑to‑market risk.

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.

The Investment Portfolio Risk Analyst, Assistant Vice President, within GTRM will focus on mark‑to‑market risk in the investment portfolio and derivatives activities balance sheet management & funding. The role requires experience related to fixed‑income capital markets and strong 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.

• Support analysis of mark‑to‑market risk for State Street's investment portfolio, which spans RMBS, CMBS, Sovereign Bonds, Corporate Bonds, Municipal Bonds, Covered Bonds, ABS Student Loans, ABS Credit Cards, ABS Auto loans, and related 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.

• 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…