Counterparty Credit Risk Manager, Prime Brokerage & Clearing, VP

We are looking for a Counter party Credit Risk Manager within the Global CCR team, part of the wider Financial Risk team in the Enterprise Risk Management Division. The primary responsibility is overseeing counter party credit risk across Prime Brokerage and Clearing activities within the State Street Markets (SSM) business unit.

• 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 reporting.
• Lead negotiation of legal agreements and supporting documentation.
• Authorize trades for counter parties across products based on pre‑trade stress analysis and risk appetite.
• Improve credit risk governance and monitoring practices for Prime Brokerage and Clearing risk management.
• Contribute to enhancing the 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 departments.
• Contribute to risk and/or regulatory projects; independently drive forward assigned tasks.

We value the ability to identify problems and limitations, propose solutions or proactively address them; clear and precise communication and written presentations; self‑motivation, independent work and excellent time‑management; teamwork and cooperation; strong critical thinking; conflict resolution in a matrix organization; and the highest standards of conduct, integrity and compliance with industry practice, company policies, statutes and regulatory requirements.

Degree/Post‑graduate degree in relevant and/or quantitative subjects.

Minimum of 7+ years of hands‑on industry experience with in‑depth knowledge of Prime Brokerage and Clearing counter party credit risk management at a large banking institution.

$120,000 – $202,500 per annum. The range quoted applies to the role in the specified location; a different location may result in a different range.

• Retirement savings plan (401(k)) with company match.
• Insurance coverage: basic life, medical, dental, vision, long‑term disability and optional additional coverages.
• Paid time off: vacation, sick leave, short‑term disability, and family care responsibilities.
• Employee Assistance Program.
• Incentive compensation: eligibility for annual performance‑based awards (excluding certain sales roles).
• Eligibility for certain tax‑advantaged savings plans.

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.

Job 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.