Credit Analysis, Financial Institutions, Sovereigns, and Municipalities, Officer
Our Company
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $24.37 trillion in assets under custody and administration and $2.09 trillion in assets under management at December 31, 2012, State Street operates in 29 countries and more than 100 geographic markets and employs 29,660 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,660 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.
We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.
We encourage you to explore the possibilities that a career at State Street can offer you.
Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.
State Street recognizes that we have responsibilities to multiple constituencies, including shareholders, clients, global regulators and employees. State Street's objective is to optimize return subject to an acceptable level of risk. In order to accomplish this, material risks undertaken should be identified, assessed, estimated, managed, controlled and reported. In managing risk, Enterprise Risk Management (ERM) serves in a vital capacity by providing independent oversight, monitoring and control of business unit activities on a global basis.
State Street has established an enterprise risk management framework that oversees various sources of risk: Credit, Interest Rate, Liquidity, Market, Operational (including Fiduciary) and Business (including strategic and reputational). Enterprise Risk Management discharges its responsibilities via a matrix organization aligned with major business units and geographic regions (EMEA and Asia Pacific).
Principal ERM activities include:
- Enabling governance of risk at the Management and Board level, including the articulation and approval of risk appetite and risk policies
- Facilitating risk identification for capital and incentive compensation analyses
- Establishing guidelines, programs, and standards supporting risk management policies
- Providing independent oversight of enterprise-wide adherence to risk management policies, standards and limits
- Providing independent risk monitoring, reporting and escalation of risk management issues and concerns
The Credit Analysis function within the Counterparty Credit Approval group in ERM is responsible for supporting the principal ERM objectives by completing thorough credit analysis and due diligence of State Street counterparties to:
- facilitate informed credit decisions
- support monitoring of material counterparty exposures and limits
- escalate identified risks as appropriate
Credit Analysis, Financial Institutions, Sovereigns, and Municipalities, Officer Responsibilities:
- Independently performs written credit assessments of State Street counterparties, with primary focus on financial institutions, sovereigns, and municipalities
- Provides credit recommendations including trading limits and tenors and assigns risk ratings
- Proactively monitors the creditworthiness of assigned counterparties and market developments and circulates timely credit updates to senior risk managers and business unit constituents
- Participates in due diligence visits/calls
- Provides analytical support to State Street treasury function as well as FX, Securities Lending, Network Management, and Custody
- Bachelor's degree in finance, business, economics or related field. MBA and/or CFA designation (completed or in progress)
- At least 2 years of financial analysis experience (credit analysis preferred)
- Understanding of capital markets as well as trading activities including FX and securities lending; knowledge of State Street businesses and/or risk systems a plus
- Sound critical thinking capabilities; strong verbal, written, and presentation skills; good time-management competency
- Self-motivated and able to work independently
- Financial modeling and/or VBA skills are highly desired
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