Who we are looking for
We're looking for motivated people who share our ambition to improve the efficiency of the world's financial system, interested in working in an environment that emphasizes teamwork and integrity. We give our employees the tools to balance their professional and personal life, including paid volunteer days and access to employee networks so they can stay connected to what matters to them. Whether you're focused on quality assurance or working across business divisions, starting your career with State Street will build your own future as you help shape the future of financial services.
Major responsibilities
- Manage risk oversight of Market Risk in the Banking Book, including the measuring, identification, reporting and monitoring of Market Risk (Interest Rate Risk, Credit Spread Risk, Structural FX risk, and Pension Risk
- Review and rationalize EVE and NII reporting based on the QRM framework
- Manage the team through the enhancement and back-testing of behaviouralisation models and assumptions used in QRM, e.g. for prepayment and liabilities behaviouralization models
- Manage work streams related to the ongoing enhancement of the Global Treasury Risk Management process and support the internal capital adequacy assessment process (ICAAP) by providing risk modelling expertise in line with industry best practice
- Analyze complex structured securities to understand the inherent risks of embedded optionalities
- Manage the Treasury Risk related work streams of future regulatory interactions like future ECB stress test exercises, ECB STE and IRRBB ITS reporting
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- Monitor and challenge the development of portfolio optimization procedures/balance sheet strategy recommendations
- Report and assess the impact of emerging treasury risk regulations and ensure compliance with regulatory requirements
- Collaborating with other teams including the Model Validation Group, Global Treasury, Finance or Regulatory Reporting,
- Support senior management and communications with regulator
Education, Experience and Skills
- Familiarity with QRM, Intex and ADCo (ALM vendor software) is preferred
- 6+ years of experience in Treasury, ALM or Market Risk activities, or risk management and regulatory concerns related to those disciplines.
- Advanced degree in Economics, Finance, Statistics or related field
- CFA, FRM or related candidates are a benefit
- Strong technical, quantitative, statistical aptitude/skills, with a focus on data analytics
- Self-starter with willingness to work in a fast-paced, high-energy level environment
- Knowledge of European and German regulation is a plus
- Strong verbal and written communication skills in English language, with ability to articulate effectively ideas and highly technical concepts to non-technical audiences and senior management
- Excellent understanding of financial instruments and the balance sheet of a global bank
- Experience with Market risk at a banking organization
- Independent and critical thinking skills and strong financial acumen
- Team player with unquestionable integrity and ethical standards
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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