State Street Global Advisors, Global Head of Liquidity Risk, Managing Director
State Street Corporation
Location: London, United Kingdom
Type: Full Time
Internal Number: 16010937
Who we are looking for As the Global Head of Liquidity Risk Management within State Street Global Advisors' (SSGA) Enterprise Risk Management (ERM) team, based either in London, Boston or Stamford, you will lead the oversight for liquidity risk across asset classes and investment styles for SSGA's investment product globally. You will need the ability to influence and engage senior stakeholders, as well as to adapt to rapidly changing market events with a liquidity risk implication. You will need the ability to manage a team of liquidity risk professionals and organize both qualitative and quantitative information in a meaningful way to develop and implement plans to mitigate liquidity risks to SSGA's clients and funds. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. In this role you can anticipate substantive interaction with several global business functions, including Investment, Trading, Product, Legal and Compliance, and will need to communicate effectively with a wide range of people. You will also work closely with our Technology Risk partners to drive improvement in productivity via automation and centralization of risk reporting, to execute our digital transformation strategy. You will drive a risk-aware culture throughout the organization by challenging the status quo and providing objective thought leadership to our organization and the financial industry
Who we are: State Street Global Advisors is the asset management arm of State Street Corporation, one of the world's leading providers of financial services to institutions. Institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are critical to our continued success. The Global ERM team consists of over 60 risk professionals based in Boston, Stamford, London, Dublin, Krakow, Bangalore and Sydney. As a combined group, we are responsible for identification, control, and reporting of operational, investment, liquidity, credit, and model risk globally.
Why this role is important to us The team you will be joining 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 for As Global Head of Liquidity Risk you will
Lead Liquidity Risk Oversight for the firm, including oversight of a team of risk professionals
Identify key liquidity risk events globally and ensure the risks are understood, quantified and appropriately mitigated
Chair the liquidity and derivative oversight committee and other associated governance meetings, ensuring that appropriate materials are available in a timely manner
Participate in client due diligence and regulatory meetings to articulate the firm's risk oversight program
Perform risk measurement and monitoring, provide reporting, interact with and engage first line of defense to address threshold exceedances and other risk related issues
Collaborate with various teams to execute, expand and improve SSGA's overall risk management framework
Work on improvements to methodologies used for risk analysis and undertake independent research
Provide global functional leadership and strong cross risk discipline vision by serving as a key contact for risk queries and collaborating with other risk and internal control functions
Work at the forefront of financial regulatory developments, new products, services and applications as well as assess and report on their respective impacts to the business's risk profile
What we value These skills will help you succeed in this role
Excellent analytical, social and communication skills combined with ability to work independently with can-do attitude
High degree of efficiency, attention to detail and focus on efficient and accurate execution
Collaborative by nature with the ability to inspire and motivate global team members and to help others achieve more, including the flexibility to work within global deadlines
Ability to connect and build strong relationships with other, demonstrating strong emotional intelligence and an ability to communicate clearly and persuasively
Take ownership, initiative and successfully navigate within fast-changing risk environments and the international structure of a leading global financial institution
Have ability and motivation to master key concepts and themes in an evolving regulatory environment
Have high degree of efficiency, attention to detail and focus on efficient and accurate execution
Education & Preferred Qualifications
10+ years of relevant investment and/or liquidity risk experience in a financial services organization, buy-side experience is preferred
Bachelor's degree in finance, economics, mathematics or business-related field, or equivalent experience; further education such as post-graduate degrees in a relevant discipline, CFA or FRM is ideal.
Prior experience with standard buy-side risk systems (e.g., MSCI BarraOne, Bloomberg PORT, GX truView), SQL database and data visualization tools (e.g., Tableau) is desired, combined with vision to use technology and systems to build value adding risk monitoring processes and reporting
Proficiency in Microsoft Excel, PowerPoint and Word
A clear understanding of liquidity risk management concepts, techniques and regulatory framework (UCITS, AIFMD, SEC Derivatives Rules etc.)
Deep understanding of financial markets and instruments, passion for investment management and a good grasp of investment products, especially mutual funds and ETFs
A deep knowledge of market and liquidity risk drivers and the potential mitigates, as well as of key regulatory liquidity risk frameworks globally
Experience of engaging with senior business leaders, fund company boards and regulators globally
Analysis including stress testing process development and implementation
For UK based candidates, we offer: Core Benefits:
Non-contributory pension scheme (we will pay 6% into your pension if you are 30 and 9% if you are 30+. The pension does not require a contribution from you).
Private Medical Insurance - Single person Private Medical Insurance with AXA paid for by State Street
Long Term Disability Cover
26 days holidays at Officer level or after 3, 4, 5 years' service increasing a day a year
One additional day in lieu for birthdays
Annual season ticket loan
Long Term disability and Life Assurance.
Employee Assistance Program
Participation in the State Street bonus scheme
Critical Illness cover
Personal Accident Cover
Holiday Buy/Sell scheme
For US based candidates, we offer: Wide range of benefits, including:
Health Savings Account (HSA)
Flexible Spending Accounts (FSAs)
Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
Employee-Paid Long-Term Disability
Critical Illness Insurance
Accident Insurance & Hospital Indemnity Insurance
Business Travel Accident Insurance
Identity Theft Protection
Paid Time Off
Employee Assistance Program (EAP)
Salary Savings Program (SSP)
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.