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Assistant Risk Manager Contract Jobs in Boston, MA

Identify and mitigate organizational risk through favorable contract terms * Consolidate vendors ... management, or procurement focus) with hospitals * Bachelor's in business, finance, or related ...

Coordinate contract reviews with Legal, Security, Privacy, and other required risk partners * Manage contract updates, changes, and follow-on documents tied to existing supplier relationships

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Assistant Risk Manager Contract information

What is the difference between Assistant Risk Manager Contract vs Risk Analyst?

AspectAssistant Risk Manager ContractRisk Analyst
CredentialsBachelor's degree in risk management, finance, or related field; certifications like CRM or ARM are a plusBachelor's degree in finance, economics, or related field; certifications like FRM or CRM are common
Work EnvironmentCorporate offices, insurance companies, or consulting firmsFinancial institutions, insurance companies, or consulting firms
Employer & Industry UsageUsed in industries requiring risk oversight, supporting senior risk staffUsed for analyzing risks, data collection, and reporting

The Assistant Risk Manager Contract typically supports senior risk management staff by assisting with risk assessments and compliance, often working in a corporate environment. In contrast, a Risk Analyst focuses on analyzing data to identify potential risks, providing insights for decision-making. While both roles require similar educational backgrounds and certifications, their daily tasks and responsibilities differ, with the Assistant Risk Manager Contract being more involved in risk oversight and the Risk Analyst specializing in data analysis.

What are popular job titles related to Assistant Risk Manager Contract jobs in Boston, MA? For Assistant Risk Manager Contract jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Assistant Risk Manager Contract jobs in Boston, MA look for? The top searched job categories for Assistant Risk Manager Contract jobs in Boston, MA are:
Counterparty Credit Risk Manager, Assistant Vice President

Counterparty Credit Risk Manager, Assistant Vice President

State Street Corporation

Boston, MA

$90K - $157.50K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago


Job description

Who we are looking for
The position is for a Counterparty Credit Risk Manager within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division.
The team is primarily responsible for the oversight of credit risks arising from the activities within State Street Markets business unit (SSM) and Global Treasury.
SSM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, funding and collateral transformation, and sales and trading in foreign exchange markets.
The position is for a self-motivated CCR Manager with a strong technical and quantitative aptitude providing CCR oversight as part of the Global CCR team.
What you will be responsible for
As CCR Manager you will
  • Authorize trades for counterparties across SFT, OTC and PB products based on pre trade stress analysis and risk appetite
  • Improve credit risk governance and monitoring practices across the CCR portfolio
  • Contribute to enhancing CCR limit framework and risk management systems to support new business products and initiatives.
  • Develop good working relationships with traders and business analysts within SSM and other business units, , and with support functions and technology departments
  • Contribute to risk and/or regulatory projects; independently driving forward assigned tasks
What we value
These skills will help you succeed in this role
  • Relevant work experience in the financial services industry within credit risk management
  • Knowledge in derivative products (FX, Interest Rates, and Equities) across SFT, OTC and Prime Brokerage activities and exposure models (PFE, VaR...)
  • Ability to identify problems and limitations, propose solutions or proactively address them directly
  • Self-motivated and able to work independently with excellent time-management skills
  • Ability to cooperate with others and foster an environment that supports effective teamwork
  • Strong critical thinking ability; promote and support a culture of challenge and risk excellence
  • Comfortable in conflict resolution as appropriate with others and in a matrix organization
  • Highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements
Education & Preferred Qualifications
  • 4+ years of experience in a capital markets environment, having exposure to credit risk, counterparty risk, collateral management or trading
  • Hold a graduate degree in a quantitative science, physics, mathematics, quantitative finance
  • Experience with a broad spectrum of fixed income products, financial quantitative techniques, and financial modelling
  • Programming skills with SQL, Python; familiar with statistics software or third-party software such as Bloomberg and RiskMetrics is a plus
  • Be able to identify problems and limitations, propose solutions or proactively address them directly
  • Be able to provide prototype implementations and work closely with IT and other groups
  • Be able to write clear and precise technical documentation describing processes and risk methodologies
  • Strong verbal, written communication and interpersonal skills that promote effective working relationships in a team-oriented environment

Salary Range:
$90,000 - $157,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, 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 essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:

State Street logo

About State Street

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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.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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