Insurance Risk Manager Jobs in Connecticut (NOW HIRING)

Who We Are Looking For
Global Treasury Risk Management (GTRM), part of State Street's Enterprise Risk Management (ERM) function, is seeking a Vice President (VP) level risk leader to join its Quarterly Stress Testing team. This role is suited for a seasoned risk professional with deep expertise in stress testing, capital planning, and balance sheet risk, who can provide strategic direction, strong governance, and leadership across complex, enterprise-wide processes.
ERM's mission is to ensure that State Street's risks are proactively identified, well-understood, and prudently managed in support of the firm's business strategy. GTRM provides independent risk oversight of Global Treasury activities, including capital management, liquidity risk, asset-liability risk, funding, and rating agency engagement.
The Quarterly Stress Testing team plays a critical role in capital adequacy assessment, regulatory compliance, and risk appetite management. As a VP, you will lead key elements of stress testing design and execution, influence senior stakeholders, and drive continuous improvement across methodologies, controls, and governance.
Why This Role Is Important
The team you will join is integral to State Street's financial resilience and regulatory credibility. Institutional clients across the globe rely on State Street to manage risk effectively in volatile and evolving environments. In this role, you will help ensure that stress testing frameworks are robust, scalable, and forward-looking, while enabling informed decision-making at the senior management level.
What You Will Be Responsible For
As a Vice President on the Quarterly Stress Testing team, you will:

• Lead the design, execution, and governance of quarterly stress testing processes supporting capital planning and risk management
• Drive development of rapid stress testing capabilities
• Provide subject-matter expertise on scenario design, linkage of scenarios to material risks, and identification of add-on risk considerations
• Oversee assessments of the firm's capital adequacy relative to internal risk appetite and regulatory expectations
• Provide independent review and challenge of regional ICAAP and ICARA processes, including scenario design and results
• Contribute to material risk identification framework enhancements
• Act as a senior point of contact for stakeholders across Finance, Risk, Treasury, and Internal Audit, ensuring alignment with firm objectives
• Drive risk appetite limit recalibration discussions and challenge assumptions where appropriate
• Ensure stress testing processes are well-controlled, documented, and compliant with regulatory and internal policy requirements
• Identify and lead process improvements and remediation efforts, promoting a strong control culture and continuous improvement mindset
• Provide mentorship and guidance to junior team members, contributing to talent development and team effectiveness
• Support regulatory exams, internal audits, and senior management reviews, including preparation of high-quality materials and presentations

What We Value
These skills will help you succeed in this role:

• Strong analytical skills with the ability to develop clear risk perspectives and communicate complex concepts succinctly
• Deep understanding of stress testing, capital planning, and balance sheet risk
• Excellent stakeholder management skills with the ability to influence at senior levels
• Strong governance mindset with experience designing and maintaining effective controls
• High level of integrity, independence of thought, and sound judgment
• Advanced proficiency in Excel and PowerPoint; ability to translate analysis into executive-level insights
• Highly organized, self-directed, and capable of managing multiple priorities in a dynamic environment

Education & Preferred Qualifications

• 8+ years of relevant experience in risk management, stress testing, capital planning, or related areas within financial services
• Strong understanding of financial instruments across a broad range of businesses
• Solid knowledge of bank balance sheet and income statement dynamics
• Bachelor's degree required; Master's degree in Finance, Economics, or a STEM discipline preferred

Salary Range:
$130,000 - $220,000 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.
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