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Counterparty Credit Risk Manager, Wealth Custody & Clearing, AVP
State Street. Provide independent credit risk oversight of Wealth Custody & Clearing’s margin lending and collateralized brokerage activities .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in counterparty credit risk management, particularly in wealth management and margin lending, with a strong ability to assess creditworthiness and manage risk parameters for high-net-worth clients. Proficient in analyzing complex investment portfolios and communicating risk assessments effectively to senior stakeholders.
Highest-signal resume keywords
Counterparty Credit Risk ManagementMargin Lending ExpertiseCredit Limit EstablishmentStress Testing MethodologiesHigh-Net-Worth Client Assessment
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Credit Risk OversightCollateral ValuationPortfolio AnalysisRisk Parameter MonitoringLiquidity AssessmentInvestment Structure EvaluationMargin Requirement AssessmentRisk Mitigation StrategiesMarket Movement AnalysisException Management
Soft Skills
Analytical JudgmentCommunication SkillsStakeholder EngagementIndependent ChallengeProblem-Solving
Certifications & Qualifications
Bachelor's Degree in FinanceAdvanced Degree or Relevant Professional Qualification
Industry Keywords
Wealth ManagementBroker-DealerPrivate BankingCustodyClearingRegulatory ComplianceInvestment VehiclesFamily OfficesRisk GovernanceFinancial Services
About the role
Key responsibilities & impact- Provide independent credit risk oversight of Wealth Custody & Clearing’s margin lending and collateralized brokerage activities
- Assess the creditworthiness of high-net-worth clients and related investment structures
- Establish and monitor credit limits and risk parameters
- Review new relationships, limit increases, exceptions and elevated-risk exposures
- Assess interconnected exposures across related accounts, entities, guarantors and affiliated counterparties
- Evaluate collateral quality, liquidity, volatility, diversification, concentration and potential liquidation risk
- Assess the adequacy of margin requirements and other risk mitigants
- Identify risks from concentrated positions, less-liquid securities, leveraged portfolios and adverse market movements
- Review significant margin deficiencies, margin calls and exceptions
- Develop and oversee stress-testing approaches under severe but plausible market conditions
- Monitor counterparty and portfolio-level risk indicators and identify emerging or deteriorating exposures
- Support management reporting on exposures, limit utilization, concentrations, stress losses and significant exceptions
- Provide independent risk input as Wealth Custody & Clearing expands its products, client capabilities and margin offering
- Monitor and escalate material risks and exceptions in the introducing broker-dealer and clearing-firm operating model
- Provide risk recommendations and credible challenge to business proposals
- Support policies, standards and governance for broker-dealer margin and counterparty credit risk
- Partner with Legal, Compliance, Audit and other control functions on regulatory examinations, risk assessments and control enhancements
Requirements
What you’ll need- Significant experience in counterparty credit risk, wealth management or private banking credit, margin lending, broker-dealer credit risk, prime brokerage or a related risk discipline
- Strong understanding of high-net-worth clients and investment structures
- Strong knowledge of margin lending, collateral valuation, portfolio concentrations, market liquidity, stress testing and liquidation risk
- Ability to analyze complex investment portfolios and translate market movements, leverage and concentration into potential credit exposure
- Experience establishing and monitoring credit limits and managing exceptions and escalations
- Understanding of wealth management, custody, introducing broker-dealer or clearing operating models is preferred
- Strong analytical judgment with the ability to independently challenge senior business stakeholders
- Excellent written and verbal communication skills, including the ability to communicate complex risk matters clearly to senior management and governance committees
- Bachelor's degree in Finance, Economics, Accounting, Risk Management or a related discipline
- Advanced degree or relevant professional qualification is preferred
- Experience working with high-net-worth or ultra-high-net-worth individuals, family offices, trusts or related investment vehicles is strongly preferred
- Experience in a regulated broker-dealer, wealth management, private banking, custody, clearing or similar financial-services environment is preferred
Benefits
Comp & perks- Retirement savings plan (401K) with company match
- Basic life insurance
- Medical insurance
- Dental insurance
- Vision insurance
- Long-term disability insurance
- Optional additional insurance coverages
- Paid vacation
- Paid sick leave
- Short-term disability
- Family care leave/responsibilities support
- Employee Assistance Program
- Incentive compensation, including eligibility for annual performance-based awards
- Eligibility for certain tax-advantaged savings plans
- Inclusive development opportunities
- Flexible work-life support
- Paid volunteer days
- Employee networks