State Street US | Market Risk Manager - Capital Markets & Product Risk Oversight, VP

Responsibilities

• State Street's Global Treasury Risk Management (GTRM) team is seeking a senior risk professional to help shape how the firm identifies, measures, governs, and manages market risk across new and existing products, business lines, and strategic initiatives.
• As part of Enterprise Risk Management (ERM), the team plays a critical role in ensuring that risk-taking activities remain aligned with the firm's risk appetite, regulatory expectations, and strategic objectives.
• This role is uniquely positioned at the intersection of Markets, Treasury, Product Development, and Enterprise Risk.
• The successful candidate will lead product-level market risk assessments across both the banking book and trading book, helping the firm evaluate new business opportunities, oversee evolving business activities, and strengthen the framework used to govern market risk exposures.
• Serve as a primary second-line risk representative throughout the product and business lifecycle, partnering with stakeholders across Treasury, Markets, Finance, Compliance, Legal, Model Risk Management, and Enterprise Risk.
• Evaluate proposed products, transactions, and business initiatives, providing independent challenge and ensuring alignment with the firm's risk appetite, governance standards, and regulatory expectations.
• Assess market risk exposures embedded within products and business activities across both the banking book and trading book.
• Design, propose and review market risk limits, risk monitoring frameworks, controls, and risk measurement methodologies supporting new and evolving activities.
• Provide independent oversight of trading market risk, interest rate risk, credit spread risk, investment portfolio mark-to-market risk, and other balance-sheet-related market risk exposures.
• Review and challenge first-line assumptions, risk assessments, methodologies, and reporting to ensure an accurate representation of the firm's risk profile.
• Collaborate with Modeling & Analytics teams to enhance risk measurement capabilities, develop new metrics, and strengthen market risk infrastructure.
• Design and propose solutions commensurate to the identified vulnerabilities in both the trading and the banking books.
• Support regulatory examinations, internal audits, rating agency reviews, and governance committee presentations through the preparation of analyses, reporting, and risk assessments.
• Contribute to the development of market risk policies, governance standards, methodologies, and best practices that strengthen the firm's overall risk management framework.
• Create an inventory of products applied in both the trading and the banking books
• Develop processes to identify and evaluate material changes to existing products, regions, currencies, and business lines.
• Partner with stakeholders across Treasury, Markets, Finance, Compliance, Legal, and Enterprise Risk Management to drive greater consistency and transparency in market risk oversight.
• Lead independent market risk reviews of new products, business lines, strategic initiatives, and material changes to existing activities, ensuring market risk exposures are appropriately identified, measured, controlled, and governed.
• Help drive the design and implementation of enhanced market risk governance processes supporting sustainable business growth and regulatory compliance.

Requirements

• 6+ years of experience in market risk, treasury risk, asset-liability management (ALM), balance sheet risk, capital markets risk management, or related financial risk disciplines.
• Experience working within a large bank, custodian bank, broker-dealer, or other complex financial institution.
• Strong knowledge of financial instruments including fixed income securities, structured assets, money market instruments, foreign exchange products, and derivatives.
• Experience assessing, overseeing, or managing market risk associated with financial products, portfolios, treasury activities, or business initiatives.
• Familiarity with market risk in the trading book, interest rate risk in the banking book, treasury, or capital markets regulatory frameworks.
• Strong analytical capabilities supported by education in finance, economics, quantitative disciplines, or related fields.
• Excellent verbal and written communication skills, including experience presenting analyses and recommendations to senior stakeholders.
• Experience with product governance, new business initiatives, new product approval processes, or related risk oversight activities a plus.
• Experience with market risk, balance sheet risk, interest rate risk, treasury risk, or asset-liability management frameworks.
• Experience with securities financing transactions, equities, or other capital markets products is beneficial but not required.
• Familiarity with U.S. and international regulatory expectations affecting market risk in both the banking book and trading book.
• Knowledge of market risk measurement methodologies, scenario analysis, stress testing, capital planning, and risk limit frameworks.
• Understanding of financial institution balance sheets and the impact of central bank policy changes on market and balance sheet risk exposures.
• Advanced degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related field.

State Street US

State Street US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "For us, success comes in the mark we make as an organization– for the industry, our clients, our communities and each other."

Its finance, accounts, audit and tax openings in India are mostly in Boston, Quincy, Clifton and Kansas City.

• Industry: BFSI / Investments / Insurance