ERM Stress Testing Manager, Assistant Vice President, Hybrid

  • Kraków
  • State Street
Who we are looking forGlobal Treasury Risk Management (GTRM), a group within State Street’s Enterprise Risk Management (ERM), is looking for an Assistant Vice President (AVP) level risk manager to join its Quarterly Stress Testing team based in Krakow.The goal of ERM is to ensure that State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients.GTRM acts as the business-aligned risk function responsible for the independent oversight of State Street’s Global Treasury activities. Global Treasury’s core functions include managing State Street’s capital position, investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, and rating agency relationships. GTRM plays a critical role in the overall success of the organization. Our group is responsible for identifying, analyzing, monitoring State Street’s key financial risks including liquidity risk, interest rate risk, portfolio mark-to-market risk.Quarterly Stress Testing team ensures the execution of BAU processes in a highly controlled, well-governed manner, and drives continuous improvement across the organization by addressing remediation efforts. The ideal candidate will play a key role in the design and execution of quarterly stress testing processes in support of State Street’s capital planning and risk management processes. The role requires extensive collaboration with stakeholders across Finance, Risk, Internal Audit and other areas to ensure alignment with firm's objectives and regulatory requirements. This person will focus on design and implementation of well-controlled processes that enable the firm to effectively measure the firm's capital adequacy under various economic scenarios on a multi-year basis, and set and monitor risk limits which integrate across all risk streams. The individual will participate in the scenario design, linkage of scenarios to material risks, and identification of risks for add-on considerations.Why this role is important to usThe team you will join plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.What you will be responsible forAs an AVP on the Quarterly Stress Testing team, you willContribute to stress testing production process, including scenario design, identification of risks for scenario consideration, linkage of risks id’s to scenariosLiaise with stakeholders across finance and risk during risk appetite limit recalibrationsPerform an assessment of the firm’s capital adequacy and compliance against broader risk appetite limitsAssess firm's processes and ensure appropriate existence and effectiveness of controlsValidate that workstream processes adhere to regulatory and firm requirementsSelf-identify areas for improvement across the process and maintain continuous improvement mind-setWhat we value These skills will help you succeed in this roleExcellent analytical skills with the ability to develop thesis and communicate findings in a clear and concise fashionStrong knowledge of PowerPoint and ExcelTeam player with unquestionable integrity and ethical standards with ability to work independentlyStrong interpersonal, relationship-building and communication skills requiredAbility to gain trust and respect of business partnersStrong work ethic and highly organized to manage multiple deliverablesEducation & Preferred Qualifications5+ years of relevant experienceUnderstanding of financial instruments across a wide range of businessesUnderstanding of stress testing and capital planning practicesUnderstanding of bank balance sheet and income statementBachelor degree required, Master degree in Finance, Economics, or in STEM subjects a plus