Counterparty Credit Risk Manager, Prime Brokerage & Clearing, VP

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From State Street’s original posting

Who we are looking for The position is for a Counterparty Credit Risk Manager within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division. Primary responsibility is the oversight of counterparty credit risk across Prime Brokerage and Clearing activities within the State Street Markets (SSM) business unit. SSM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, brokerage services, and sales and trading in foreign exchange markets. What you will be responsible for As CCR Manager you will: • Provide global independent credit risk oversight of credit exposures across Prime Brokerage and Clearing activities including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting • Lead the negotiation of legal agreements and supporting documentation • Authorize trades for counterparties across products based on pre trade stress analysis and risk appetite· • Improve credit risk governance and monitoring practices for Prime Brokerage and Clearing risk management • Contribute to enhancing CCR…