Front Office Credit Risk Analyst, Officer (Onsite)

Front Office Credit Risk Analyst, Officer (Onsite)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.What you will be responsible forReporting 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 SSM. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success. The ideal candidate will have background in Capital Markets with exposure to FX and OTC Derivatives. The prerequisites will position the candidate for success to support the front office credit risk management function across multiple product offerings. Demonstrated experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds, is a desired plus. The role is 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 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 is 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.Salary Range:$70,000 - $118,750 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.