Market Risk, Vice President (m|f|x) Munich

This position is for a self-motivated Market Risk Analyst with a strong technical and quantitative aptitude providing market risk oversight as part of the Treasury Risk team. The candidate will contribute to the establishment and maintenance of best practices and governance policies, pertaining to report compilation, data integrity, and distribution.

GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT
The goal of the Enterprise Risk Management (ERM) department is to ensure that State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients. Global Treasury Risk Management (GTRM) acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury department. Global Treasury core functions include managing the investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships.

The mission of GTRM is to ensure that the treasury risks are properly identified, well-understood, and prudently managed within the context of the business strategy and stated risk appetite.

Tasks

• Manage risk oversight of Market Risk in the Banking Book, including the measuring, identification, reporting and monitoring of Market Risk (Interest Rate Risk, Credit Spread Risk, Structural FX risk, and Pension Risk)
• Review and rationalize EVE and NII reporting based on the QRM framework
• Manage the team through the enhancement and back-testing of behaviouralisation models and assumptions used in QRM, e.g. for prepayment and liabilities behaviouralization models.
• Manage work streams related to the ongoing enhancement of the Global Treasury Risk Management process and support the internal capital adequacy assessment process (ICAAP) by providing risk modelling expertise in line with industry best practice
• Analyze complex structured securities to understand the inherent risks of embedded optionalities
• Manage the Treasury Risk related work streams of future regulatory interactions like future ECB stress test exercises, ECB STE and IRRBB ITS reporting
• Monitor and challenge the development of portfolio optimization procedures/balance sheet strategy recommendations
• Report and assess the impact of emerging treasury risk regulations and ensure compliance with regulatory requirements
• Collaborating with other teams including the Model Validation Group, Global Treasury, Finance or Regulatory Reporting,
• Support senior management and communications with regulators

Profile / Your qualification / Your personality

• Familiarity with QRM, Intex and ADCo (ALM vendor software) is preferred
• 6+ years of experience in Treasury, ALM or Market Risk activities, or risk management and regulatory concerns related to those disciplines.
• Advanced degree in Economics, Finance, Statistics or related field
• CFA, FRM or related candidates are a benefit
• Strong technical, quantitative, statistical aptitude/skills, with a focus on data analytics
• Self-starter with willingness to work in a fast-paced, high-energy level environment
• Knowledge of European and German regulation is a plus
• Strong verbal and written communication skills in English language, with ability to articulate effectively ideas and highly technical concepts to non-technical audiences and senior management
• Excellent understanding of financial instruments and the balance sheet of a global bank
• Experience with Market risk at a banking organization
• Independent and critical thinking skills and strong financial acumen
• Team player with unquestionable integrity and ethical standards.

Share this offer on LinkedIn →

Location

Brienner Strasse 59, D-80333 Munich