Counterparty Credit Risk Manager, Prime Brokerage & Clearing, VP

Who we are looking for The position is for a Counterparty Credit Risk Manager within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division. Primary responsibility is the oversight of counterparty credit risk across Prime Brokerage and Clearing activities within the State Street Markets (SSM) business unit. SSM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, brokerage services, and sales and trading in foreign exchange markets. What you will be responsible for As CCR Manager you will: Provide global independent credit risk oversight of credit exposures across Prime Brokerage and Clearing activities including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting Lead the negotiation of legal agreements and supporting documentation Authorize trades for counterparties across products based on pre trade stress analysis and risk appetite· Improve credit risk governance and monitoring practices for Prime Brokerage and Clearing risk management Contribute to enhancing CCR limit framework and risk management systems to support new business products and initiatives. Develop good working relationships with traders and business analysts within SSM and other business units, , and with support functions and technology departments Contribute to risk and/or regulatory projects; independently driving forward assigned tasks What we value These skills will help you succeed in this role Ability to identify problems and limitations, propose solutions or proactively address them directly Ability to communicate and write clear and precise presentations and technical documentation describing processes and risk methodologies Self-motivated and able to work independently with excellent time-management skills Ability to cooperate with others and foster an environment that supports effective teamwork Strong critical thinking ability; promote and support a culture of challenge and risk excellence Comfortable in conflict resolution as appropriate with others and in a matrix organization Highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements Education & Preferred Qualifications Degree/Post-graduate degree in relevant and/or quantitative subjects Minimum of 7+ years of hands-on industry experience with in-depth knowledge of Prime Brokerage and Clearing counterparty credit risk management at a large banking institution Ability to provide prototype implementations and work closely with IT and other groups Salary Range: $120,000 - $202,500 Annual The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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 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 Read our CEO Statement 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. 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 Read our CEO Statement