Director, Counterparty and Leveraged Loan Credit Risk, Vice President
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.
Director, Counterparty and Leveraged Loan Credit Risk, Vice President
The Director, Counterparty and Leveraged Loan Credit Risk, Vice President is the senior credit approval officer within Counterparty Credit Risk function in Enterprise Risk Management. This role has primary responsibility for authorizing individual credit approvals, recommending credit approvals to senior management/Credit Committee, and credit monitoring and surveillance for both individual credits and portfolios.
The initial focus will be on supporting the launch of a leveraged loan initiative covering a broad spectrum of corporate issuers as well as also supporting the Counterparty Credit function with all trading/non-trading exposures to other non-fund/non-financial institution counterparties. You will manage and direct the credit approval process for a newly established, higher risk Leveraged Loan Initiative and for stable, well established portfolios with lower risk counterparties/more complex product set characteristics. The candidate will make reasonable, well-informed credit decisions within delegated credit approval authority, balancing high credit quality objectives with the need to support important fee based relationships, portfolio growth, and EPS targets. Approval authority will span multiple products, counterparties, and business lines.
Approves credit exposures to counterparties under individual signing authority and recommends approval to senior management/Credit Committee, as appropriate
Identifies and resolves material credit risk issues, escalating to the manager / Head of Counterparty Credit when appropriate
Assesses the effectiveness of existing credit processes, identifies gaps and initiates improvements
Evaluates analytical work and works with Manager, relevant business units and Credit Analysts to improve quality
Identifies solutions for complex issues in a multi-constituent environment
Works with senior management to implement credit and counterparty risk guidelines
Serves on various related committees and participates in or leads a variety of task force assignments
Works closely with counterparts in Counterparty Credit and Enterprise Risk Management on related risk management issues and projects
May have responsibility for directing the resolution of adversely rated credit exposures
May serve as a back up to the Director / Senior Director
May have management responsibility for Credit Risk Associate Director and/or other staff
Director, Counterparty and Leveraged Loan Credit Risk, Vice President Skills:
Equivalent to a B.S. degree in Finance, Business, Accounting, or related field. MBA, MSF and/or CFA preferred
10+ years of related risk management experience in a financial services organization
5+ years of risk management experience within the domestic leveraged lending space strongly preferred
Experience with applicable product / counterparty class preferred and workout experience preferred
Ability to work with senior management and to develop relationships with others throughout the organization
Strong problem resolution and superior analytical skills
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