Head of Interest Rate Risk, Managing Director

Who we are looking for

Asset Liability Management (ALM), a division of Global Treasury, is responsible for managing the corporate balance sheet, net interest income (NII) forecast and interest rate risk positioning. The team focuses on optimizing the risk/reward relationship by recommending strategies for sustaining and growing NII while being mindful of regulatory constraints. ALM routinely collaborates with other areas across Global Treasury, Finance, Risk and business units to operate within the risk appetite outlined by the Board of Directors.

The Managing Director and Head of Interest Rate Risk (IRR) would lead State Street’s identification, measurement, monitoring and management of corporate interest rate risk, ensuring compliance with regulatory requirements. This position will oversee the reporting and analytics for the firm’s NII sensitivity, economic value of equity (EVE) and mark to market (MTM) frameworks relative to internally-approved limits and guidelines. It will also be responsible for the firm’s balance sheet and NII stress testing that is performed on an ongoing basis. The ideal candidate should have a deep understanding of balance sheet modeling, asset liability management and the regulatory environment.

What you will be responsible for

• Identify and communicate key storylines, risks and opportunities on the firm’s balance sheet positioning
• Prepare and present clear, concise and influential presentations to senior management and regulatory bodies
• Oversee and enhance rate risk models, behavioral assumptions and scenario analysis frameworks
• Drive internal, stress-testing routines and regulatory-driven CCAR exercises for balance sheet and NII
• Manage, mentor and provide ongoing feedback to a team of analysts
• Partner with other team members across ALM, Global Treasury, Finance and oversight partners
• Develop and maintain comprehensive policies, procedures and documentation for IRR management
• Perform timely and accurate ad-hoc analytics
• Support quarter-end earnings preparation process and related regulatory filings

Education & Preferred Qualifications

• 12+ years experience in financial services. Treasury, ALM or IRR experience at a large financial institution, preferred
• Deep understanding and experience with Quantitative Risk Management (QRM) framework
• Effective collaboration with peers and business partners with an ability to influence across functions and levels
• Proven ability to solve problems and improve existing processes
• Excellent verbal and written communication skills with an ability to simplify complex material and tailor it to the audience
• Demonstrated ability to lead teams and develop talent
• Strong quantitative aptitude/skills
• Detail orientation
• Minimum of Bachelor’s degree, preferably in Business Administration, Economics, Finance or quantitative discipline

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.