Counterparty Credit Risk Manager, Prime Brokerage & Clearing, VP

Who we are looking forThe 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 forAs 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 reportingLead the negotiation of legal agreements and supporting documentationAuthorize 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 managementContribute 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 departmentsContribute to risk and/or regulatory projects; independently driving forward assigned tasksWhat we valueThese skills will help you succeed in this roleAbility to identify problems and limitations, propose solutions or proactively address them directlyAbility to communicate and write clear and precise presentations and technical documentation describing processes and risk methodologiesSelf-motivated and able to work independently with excellent time-management skillsAbility to cooperate with others and foster an environment that supports effective teamworkStrong critical thinking ability; promote and support a culture of challenge and risk excellenceComfortable in conflict resolution as appropriate with others and in a matrix organizationHighest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirementsEducation & Preferred QualificationsDegree/Post-graduate degree in relevant and/or quantitative subjectsMinimum 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 institutionAbility to provide prototype implementations and work closely with IT and other groupsSalary Range: $120,000 - $202,500 AnnualThe 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 .About State StreetAcross 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/careersRead our CEO StatementJob 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.SummaryLocation: Boston, Massachusetts; Clifton, New Jersey; StamfordType: Full time