Front Office Market Risk Analyst (Prime Services and Broker Dealer), Vice President

About the role

We are looking for a Market Risk Analyst with a background in prime brokerage risk management. This role sits within the Front Office Market Risk function supporting prime brokerage and broker dealer activities, with direct responsibility for real-time risk monitoring, margin oversight, and risk-based decision-making across hedge fund client portfolios.

Responsibilities

• Perform intraday and end-of-day risk oversight of hedge fund portfolios across Equity L/S, Credit, and Convertible Arbitrage strategies
• Analyze and challenge margin models, including sensitivity to volatility, liquidity, and concentration risk
• Conduct stress testing and scenario analysis (historical + hypothetical) to evaluate tail risk and liquidity shocks
• Monitor and enforce risk limits (leverage, stress loss, concentration, financing exposure)
• Escalate breaches and make risk-based recommendations under time-sensitive conditions
• Partner with Prime Brokerage, Securities Finance, and Trading desks to assess financing risk and collateral sufficiency
• Evaluate portfolio leverage, liquidity horizons, and crowding risks
• Participate in client onboarding and due diligence reviews from a risk perspective
• Contribute to risk methodology enhancements (margin models, stress scenarios, liquidity assumptions)

Qualifications

• BS in Finance, Economics, Mathematics, Engineering or related field
• 5+ years of experience in prime brokerage margin risk management
• Solid understanding of portfolio risk, combined with a track record of making effective risk management decisions and communicating with front office and clients
• Strong understanding of Margin methodologies (Reg T, portfolio margin, house models)
• Familiarity with trade settlement and give-up mechanics, including PB give up practices
• Optional but valuable: Series 7 registration, knowledge of ISDA/CSA, SIMM, or bilateral margin frameworks, familiarity with risk platforms (Bloomberg, TS Imagine, etc.), Python coding expertise, familiarity with credit risk and due diligence process for prime brokerage and other capital markets trading activity
• Prior experience in broker/dealer operations
• Professional designations (CFA, FRM) preferred but not required

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes:

• our 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

Pay

$120,000 - $202,500 Annual

Schedule

Not specified

Benefits

Not specified

Skills

Not specified

Company

State Street