Enterprise Risk, Assistant Vice-President

Who we are looking for

State Street Global Markets (SSGM) engages in a variety of Brazil markets business activities, including sales and trading in foreign exchange markets activities in principal basis. The Credit & Global Markets Risk (CGM) group – being part of the Enterprise Risk Management (ERM) division – is responsible for oversight of SSGM’s trading businesses.

The position is for a self-motivated Risk Professional for State Street Brazil with a strong technical aptitude to provide oversight of market, credit, liquidity and operational risks, along with social, environmental and climate risks, as part of the CGM Market Risk team. The position will report locally to the Head of Risk Management, Vice President. The candidate will contribute to the establishment and maintenance of best practices and governance policies pertaining to report risk compilation, data integrity and distribution.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Risk Assistant Vice-President you will be responsible for

• Risk oversight of market, liquidity, credit and operational risks, along with social, environmental and climate risks, producing reports and performing analysis, including the validation of position data and risk calculations. Substantial interaction with traders and support functions required
• Help develop risk management systems (specifying requirements, supporting implementation and testing), prototyping and development of enhanced risk management tools
• Analyze and continuously enhance market risk (VaR, Stressed VaR, PV01) and counterparty credit exposure metrics (PFE, EPE, CVA, stress)
• Prepare materials to support internal committees
• Support on development and updates of Risk Appetite Statement metrics and reports
• Support on operational risk monitoring and reporting
• Help disseminate risk policies, procedures and established limits to staff
• Monitor and escalate Market Risk/Credit Exposure/Liquidity Limits, providing relevant analysis and information for approvals as required
• Prepare and submit regulatory reports to the Central Bank of Brazil (DDR, DRSAC, DRL and DRM)
• Develop good working relationships with colleagues within CGM and ERM, SSGM and other business units, support functions (e.g., operations) and technology
• Contribute to build Brazil risk and/compliance regulatory projects as required; independently driving forward assigned tasks

What we value

These skills will help you succeed in this role:

• Ability to identify problems and limitations, propose solutions and proactively address these directly
• Ability to communicate and write clear and precise technical documentation describing processes and risk methodologies
• Solid critical thinking ability and analytical skills
• Self-motivated and able to work independently; excellent time-management skills
• Ability to cooperate with others to help both parties be successful

Education & Preferred Qualifications

• Degree/Post-graduate degree in relevant and/or quantitative subjects
• 4+ year’s hands-on industry experience
• In-depth knowledge of Foreign Exchange and Derivatives preferred
• Familiarity with Brazilian Risk policies and procedures development
• Familiarity with Brazilian Regulatory Risk reporting’s

Additional requirements

• Excellent systems skills and strong ability to develop prototypes using Python, VBA and SQL; experience using Refinitiv preferred; experience with Power BI is a plus
• Foster an environment that supports effective teamwork
• Promote and support a culture of effective challenge and risk excellence
• Comfortable in conflict resolution as appropriate with others/in a matrix organization
• Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements
• Advanced English speaking and writing skills

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