State Street · 13 hours ago
Head of Capital Risk Management (SVP)
Clifton, NJ
Full-time
Onsite
Director/Executive
$225K/yr - $338K/yr
15+ years expState Street is one of the largest custodian banks and asset managers in the world. The Head of Capital Risk Management will lead independent risk oversight and assessment of the company's capital position and capital management framework within Enterprise Risk Management, overseeing various capital risk-related responsibilities.
BankingFinanceFinancial Services
Responsibilities
Execute Financial Risk Quarterly Stress Testing requirements
Develop, implement and manage the capital risk appetite framework. This includes a limit framework, escalation procedures and the associated governance, and infrastructure
Develop, implement and maintain the capital risk policy
Develop and implement a review and challenge framework for RWA interpretations
Review and challenge capital planning activities including CCAR, RRP and budget processes and results
Lead the Material Risk Identification process
Communicated capital risk related matters across all hierarchy levels including senior management and the Board
Drive dialogue of implementation and enforcement of Second Line framework within first line; work closely with Treasury management to ensure ownership and accountability of responsibilities. Ensure that breaches of risk tolerance and identified deficiencies are addressed by accountable parties
Serve as a senior voice in critical forums including the Asset Liability Committee and the Management Risk and Capital Committee
RRP global manager and administration for Enterprise Risk Management
Work closely with legal entity First and Second Line management to ensure compliance with both local and global requirements
Provide Second Line risk impacts to regulatory capital for new products and business expansion
Develop and implement a reporting framework which facilitates the dissemination of relevant information and conforms to internal and external requirements
Lead regulatory interaction as it pertains to capital risk management. Build and/or maintain effective relationships with senior global regulators
Lead and manage a multi-jurisdictional team of ~20 professionals with clear lines of reporting, authority levels, objectives and progress against performance priorities
Work with Information Technology and risk model development to design and implement appropriate data and analytics platforms
Qualification
Required
Minimum of 15 years of related experience in the financial services industry including time spent managing in an executive capacity in a large global financial institution
Senior First or Second Line capital markets experience including, for example, capital raising, derivatives, treasury management or portfolio management
Proven experience with regulatory management and regulatory remediation
Strong analytical skills involving securities valuation, portfolio analytics and risk management
Proven negotiation, interpersonal and communication skills at both the executive and board level
Demonstrated experience evaluating risks and mitigating financial risk
Deep knowledge and understanding of risk management principles and strategies and emerging trend
Benefits
Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans
Flexible work-life support
Paid volunteer days
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
legacy.thefly.com
2026-01-22
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