State Street US | Front Office Market Risk FCM and Futures Clearing, Vice President

Key responsibilities

• This role could potentially be based in Boston, MA or Jersey City, NJ
• We are looking for a Vice President of Front Office Market Risk to help design, implement and operate the risk framework for State Street's FCM and repo clearing business.
• The successful candidate will establish real-time controls for cleared and financing products, manage risk across overlapping futures and sponsored repo client activity.
• The role requires a high degree of autonomy, sound judgment under pressure, and the ability to translate complex market, margin, liquidity and counterparty risks into practical controls and senior-management decisions.
• The 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.
• It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
• Drive implementation of the Front Office Risk operating model for the FCM business.
• Design pre-trade and pre-deal controls.
• Perform daily risk management for a diverse book of top-tier alternative manager portfolios, including analysis of margins, stress scenario results, and exposure changes.
• Work closely with Enterprise Risk Management (internal risk oversight) and external regulators.
• Work closely with front office traders and at times, clients, to derive and analyze trading strategies, considering margin risk and potential efficiencies.
• Perform other tasks as assigned to support the Boston-based Front Office Market and Credit Risk team.
• Define and implement real-time and intraday risk monitoring capabilities, including monitoring of client positions, market movements, initial margin, variation margin, collateral requirements, cross-margining, limit utilization and liquidity requirements.

Education/qualifications

• 10+ years of relevant experience in FCM, futures clearing, listed derivatives, prime brokerage, sponsored/cleared repo, securities financing or front office market risk management.
• Strong understanding of futures and options market risk, clearing-house margin methodologies, client margining, collateral, liquidation risk and intraday liquidity.
• Demonstrated experience designing or operating real-time risk monitoring, pre-trade controls, stress testing, limit frameworks and escalation processes.
• Experience assessing hedge fund and institutional trading strategies, including U.S.
• Working knowledge of FCM regulatory and segregation requirements, clearing-member risk controls, net capital considerations and clearing-house default management.

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