Risk Management Specialist
1 month ago
Job Summary
We are seeking a highly motivated and experienced Risk Management Specialist to join our team at State Street. As a Risk Management Specialist, you will be responsible for managing systematic model testing for VaR, Vol, TE, stress testing, and supporting back testing.
Key Responsibilities
- Manage systematic model testing for VaR, Vol, TE, stress testing, and support back testing
- End-to-end servicing of clients, including reconciling risk results against accounting reports and independent data
- Provide timely and accurate market data for internal Market risk systems
- Analyze time series data for information content that may be of use to Risk Managers, such as market liquidity and hedge efficiency
- Support the Client relationship team in ensuring streamlined Investor communications
- Evaluate and analyze Market risk exposures by employing statistical and other approaches
- Assist in specifying new functionality to further streamline operational processes
- Provide support, resolve client issues, and demonstrate a firm understanding of the product to users (Risk Managers, Traders, etc.)
- Assist team development and implement projects for new risk clients
- Work co-operatively with other risk groups in different locations and time zones
- Responsible for accurate and timely processing, operations, and controls
- Responsible for migrating/training team members from other State Street locations
- Build engagement with service providers and drive KPIs
Requirements
- 6+ years of Financial services experience in Market Risk or Hedge Fund accounting/investment operations of an Investment Bank
- Good understanding of all financial instruments, including complex OTC products
- Understanding of Hedge Fund Strategies and hedge fund investing or hedge fund accounting methodologies
- Ability to lead the team and train team members
- Ability to work in a team under tight deadlines
- Good communication and interpersonal skills
- Strong understanding of financial markets and risk management techniques
- Highly motivated, multi-task capable, and willingness to learn and develop within the role
- Working knowledge of SQL query and Advanced Excel
- Bloomberg and/or Reuters knowledge
- FRM, CA, or CFA qualification is an advantage, however not mandatory
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