State Street Global Markets (SSGM) engages in securities financing activities in both agency and principal basis. State Streets Credit & Global Markets Risk (CGM) group, which is part of the Enterprise Risk Management (ERM) division, is responsible for oversight of Securities Finance/Repo-Style Transactions and it is looking for a self-motivated individual with a strong technical aptitude to join the group. The individual will be involved in the development, implementation, and validation of methodologies covering a broad range of asset classes (fixed income and equities) to oversee counterparty and collateral exposures inherent to the agency lending and principal businesses. Types of monitoring and reporting include qualitative risk analysis and commentary, trend analysis, key risk metrics, and overall risk assessments relevant to the Securities Finance business.
Additionally, the candidate will contribute to the establishment and maintenance of best practices and governance policies pertaining to report compilation, data integrity, and distribution, and to comply with audit, compliance, and regulatory requirements. Ideal candidates will have strong analytical aptitude and attention to detail; be able to investigate and resolve complex data issues; thrive in a team environment; strong computer programming and data mining skills; and basic knowledge of the Capital Markets and collateral management.
Hold a graduate degree in a quantitative science, physics, mathematics, quantitative finance
Some experience in the financial analysis/quants or risk analytics dealing with security modelling, market data, pricing and risk methodology is preferred
Have working experience with a broad spectrum of fixed income products, market curve bootstrapping and stochastic financial modelling. Working Experience with CVA or mortgage analytics is a plus
Be familiar with credit risk related regulatory capital calculation requirements
Collaborate with team members to design, develop, and implement reporting in a sustainable and strategic manner
Ensure the accuracy and timely preparation of reports
Be able to identify problems and limitations, propose solutions or proactively address them directly
Help develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools
Develop good working relationships with colleagues within CGM and ERM, SSGM and other business units, support functions (e.g., operations, assurance functions) and technology
Contribute to risk and/or regulatory projects as required; independently driving forward assigned tasks
Strong programming skill (i.e., Python, SQL, Matlab, R, C++, and/or VBA); familiar with statistics software is a plus
Strong verbal, written communication and interpersonal skills that promote effective working relationships in a team-oriented environment
Posted TodayFull timeR-637164
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