Senior Risk Manager, Assistant Vice President, Hybrid

<p>State Street Corporation (NYSE: STT), is the world’s leading provider of financial services to institutional investors, to which it provides custody and management of their assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign exchange, cash management, credit, and electronic trading services that help them negotiate complex, global financial markets efficiently and effectively.</p><p></p><p><b>Why this role is important to us:</b></p><p></p><p>The Enterprise Risk Management (ERM) department at State Street is responsible for the identification, analysis, and management of risk at both the corporate-level and in partnership with the business units in support of their activities.  This is accomplished by balancing our growth and revenue targets with appropriate risk oversight, policies, guidelines and limits, as well as support provided by risk management professionals.</p><p></p><p>The Risk Superstructure Group within ERM is focused on the top-down risk oversight for State Street’s activities across business areas and risk types. The group is responsible for consolidated risk reporting and communication to senior management and the Board of Directors; material and emerging risk identification; and risk assessments for cross-cutting areas of risk.</p><p></p><p><b>Who we are looking for</b>: The group is seeking a highly qualified individual to support the ongoing development of State Street’s risk management capabilities with a primary focus on State Street’s Climate Risk program and additional support provided to the Risk Identification, Risk Aggregation and Reporting programs. </p><p></p><p><b>Major responsibilities include:</b></p><ul><li>Performing exploratory research to support the identification of new risk measurement methodologies and frameworks,</li><li>Supporting the development of new models and risk assessments,</li><li>Conducting model validation activities for both new and existing models</li><li>Executing models and confirming results using documented procedures for running the models</li><li>Supporting the planning, development, and execution of scenario analyses,</li><li>Managing project plans,</li><li>Collaborating with cross-functional teams across the organization, and supporting the production of senior management-level updates and presentation materials for various forums including, the Chief Risk Officer and senior Management- and Board-level risk governance committees.</li></ul><p></p><p><b>What we value:</b></p><ul><li>Demonstrable track record of independent decision making, along with strong written and oral communication and presentational skills</li><li>Strong organizational skills and the ability to manage multiple assignments concurrently</li><li>Demonstrated high energy and strong motivation to add value to the organization</li><li>Willingness to work with others on the team on special projects</li></ul><p></p><p><b>Qualifications and Skills:</b></p><ul><li>Bachelor’s degree required, Master’s degree preferred</li><li>Strong <span>technical/analytical/quantitative</span> skills; advanced capabilities in Excel and basic programming (e.g., R, Python) skills are a plus</li><li>Strong writing and critical thinking skills</li><li>Strong analytical skills and the ability to identify and develop solutions in nascent or emerging areas</li><li>The ability to work in a fast-paced, unstructured environment</li><li>Ability to support creation of effective presentations on results of key initiatives</li><li>Detail oriented approach, with focus on delivering high standard of quality and accuracy</li><li>Project management skills, including coordination with key stakeholders across the organization</li></ul><p></p><p><b><span>Are you the right candidate? Yes!</span></b></p><p>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.</p><p><b><span>About State Street</span></b></p><p><b><span>What we do.</span></b> 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 &amp; analytics, investment research &amp; trading and investment management to institutional clients.</p><p><b><span>Work, Live and Grow.</span></b> We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by locat