Financial Risk Management Intern Jobs in Boston, MA

Who we are looking for

The Head of Asset Liability Management (ALM) is accountable for the enterprisewide management of asset liability management and risk across a globally systemically important financial institution (GSIFI). The role leads the design and execution of ALM strategy to optimize the balance sheet position, including interest rate risk management, asset allocation, cost of funds, net interest margin, and structural balance sheet resilience, while ensuring compliance with evolving global regulatory standards and internal risk appetite.

This executive serves as a key advisor to senior management and ALCO (Asset Liability Committee), providing rigorous analytics, forwardlooking insights, and disciplined governance over balance sheet risks under normal and stressed conditions.

What you will be responsible for

Balance Sheet Strategy & Risk Management

• Own and execute the firmwide ALM framework to support sustainable and stable returns along with franchise growth within approved risk appetite.
• Oversee behavioral modeling of assets and liabilities, including deposits, loans, and nonmaturity products for baseline and stress scenarios.
• Develop and govern house macroeconomic views and develop balance sheet sensitivities for key macroeconomic variables, including interest rates, FX rates, credit spreads, money supply, GDP, and related balance sheet drivers.
• Develop investment portfolio and hedge instrument selections, target durations, and currency positioning that drives achievement of financial plans, accounts for risks and opportunities, and allows rapid evaluation of opportunity sets
• Coordinate internal balance sheet allocation processes and articulate price signals for various scarce balance sheet elements, including deposits, loans, other business assets, and the investment portfolio.
• Develop and govern points of entry and exit for interest rate and foreign exchange hedges and provide asset and interest rate positioning framework to Chief Investment Office and senior management

Governance, Committees & Board Engagement

• Serve as a senior member of ALCO and related subcommittees, to foster robust escalation, challenge, and decisionmaking.
• Provide clear, Boardlevel reporting on interest rate positioning, macroeconomic sensitivities, asset allocation and hedging decisions, translating complex analytics into actionable insights.
• Propose key targets and risk appetite metrics for governance review and challenge.
• Partner closely with Risk and Internal Audit to maintain strong threelinesofdefense governance.
• Work with businesses to review new product proposals and recommend any changes to align with commercial and risk management objectives

Regulatory & Supervisory Engagement

• Assess and develop remediation plans to comply with global regulatory standards and supervisory expectations for interest rate risk in the banking book applicable to GSIFIs.
• Act as a senior point of contact for regulators on ALMrelated matters, examinations, and thematic reviews.

Analytics, Models & Infrastructure

• Oversee ALM models, methodologies, and data infrastructure, ensuring accuracy, transparency, and model risk governance.
• Drive continuous enhancement of balance sheet forecasting, scenario analysis, and stress testing capabilities to anticipate macroeconomic and market shifts.

Leadership & Talent Development

• Lead and develop a highperforming global ALM organization, fostering strong technical expertise, sound judgment, and risk culture.
• Build deep succession and bench strength for critical ALM and Treasury roles across regions.

Education & Preferred Qualifications

• Advanced degree in Finance, Economics, or related field; MBA or equivalent preferred.
• 15+ years of progressive experience in ALM, Treasury, Balance Sheet Management, or Financial Risk within a large, complex financial institution.
• Demonstrated experience operating at scale within a GSIFI or similarly regulated global firm.
• Deep expertise in investment portfolio management, IRRBB, funds transfer pricing, and balance sheet hedging.
• Strong competency in developing sustainable production and control processes
• Proven ability to engage credibly with Boards, regulators, and senior executives.

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.

Discover more at StateStreet.com/careers

Salary Range:

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.

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

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.