State Street · 7 hours ago
Head of Front Office Credit Risk, Managing Director (Onsite)
Boston, MA
Full-time
Onsite
Senior Level, Lead/Staff
$170K/yr - $282K/yr
10+ years expState Street is a global leader in investment management, and they are seeking a Managing Director to oversee credit risk management across their business units. The role involves leading a global team of credit analysts and collaborating with various internal and external stakeholders to ensure effective risk management and compliance with regulatory standards.
FinanceBankingFinancial Services
Responsibilities
Lead and further develop a global team of credit analysts located in Boston, London, and Hong Kong
Lead Front Office Credit’s analysis and provide key input into all product expansions within SSM, including:
New jurisdictions
Complex changes to trading strategies
Expansion of counterparty types
Private credit counterparties
Negotiate client facing credit terms in legal agreements for all SSM counterparties, and ensure appropriate monitoring of ATEs
Create, own, and maintain State Street Markets counterparty default plans
Meet (remotely and/or in person) with Global Markets current and prospective clients and brokers to present the Front Office Risk process and ensure proper due diligence has been completed for all counterparties
Coordinate periodic and ad-hoc counterparty due diligence visits, including attendance by internal partners (ERM)
Provide strategic guidance and ensure risk excellence as a SME on regulatory and/or client-related projects in collaboration with ERM and senior management
Coordinate and lead crisis simulation exercises
Respond quickly in times of counterparty stress, and lead efforts to reduce exposure when necessary
Represent Front Office Credit Risk in global, business-wide meetings and updates
Qualification
Required
Master's Degree or equivalent in an economics or business related field
10-15 years experience in counterparty credit risk preferred
Deep product knowledge in securities lending, prime brokerage, and OTC derivatives including FX
Strong risk management and control focus
A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment
Strong verbal and written communication skills, ability to facilitate discussions and resolve conflicts between various stakeholders with competing interests
Preferred
Professional designation (CFA, FRM) preferred
Benefits
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
Vibrant employee networks
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
2026-02-04
2026-02-04
Company data provided by crunchbase