FX Market Risk & Exposure Management - VP

State Street UK
London, United Kingdom
23 Nov 2018
25 Nov 2018
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

State Street Global Markets operates both principal and agency Foreign Exchange trading businesses. Clients are comprised of traditional investment managers, corporations, and alternative asset managers.

Job Description:

We are looking for an FX Market/Credit Exposure Risk Analyst with a strong background in financial and capital markets particularly related to foreign exchange trading and risk management. Strong background across cross asset exposure (Fx, Fixed Income, Credit and Equities) would be an advantage

Key Responsibilities:

  • Oversee market risk and credit exposures primarily for the Foreign Exchange Sales and Trading business, including risk and pnl explain. Substantial interaction with traders and support functions (IT/Product control/model validation) required.
  • Perform detailed analysis including VaR, PFE, RWA, CVA exposures, collateral delivered under CSAs, stress scenario results, and exposure changes over time.
  • Help design, implement, and maintain metrics and analyses to track the consumption of regulatory capital, balance sheet leverage, and market risk to aid optimal decision making in sales and trading teams.
  • Liaise with external regulators on all relevant developments and participate in FED exams as a lead SME
  • Work closely with traders to determine the risk impact of new trading and strategic opportunities, including hedging strategies
  • Serve as main day-to-day contact for Enterprise Risk Management for the FX business.
  • Collaborate with the FX Front Office and ERM on risk guidelines, limit structures, and other governance items.
  • Deep understanding of regional capital and financial markets with solid understanding of local regulations to ensure appropriate reporting and governance exists as required by local regulations
  • Good understanding of risk/IT systems to work with technology/vendors to improve and refine risk infrastructure.

The Risk Analyst will be part of a dynamic and fast-paced work environment with frequently changing projects and assignments. A significant degree of autonomy, including making careful decisions that implement State Street's risk appetite under pressure, is also required.

  • Masters Degree in Finance, Economics, Mathematics, Engineering or related field, or equivalent
  • Strong experience in foreign exchange risk management and/or trading.
  • Experience in prime brokerage risk management.
  • Solid understanding of VaR, scenario stress testing, and ISDA/CSA documentation used in FX trading.
  • Demonstrated proficiency in working with large sets of trading and market data.
  • Demonstrated ability of making and communicating effective risk management decisions.
  • Experience with RiskMetrics/RiskManager, Advent/Syncova, Bloomberg, Wall Street Systems and SQL is beneficial.
  • Experience in any programming language would be an advantage.
  • Professional designations (CFA, FRM) preferred but not required.

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