State Street

Interest Rate Risk Analyst, Officer

Krakow, Poland Part time

What We Do

From our position at the very center of the global financial system, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. Our systems help them to invest in a broad range of securities across open markets, execute their investment strategy and account for their trades.

Who We Are

  • We’re more than 30,000 people in 30 countries. We’re united by a common purpose: to help our institutional investor clients more effectively invest the world’s savings.
  • We keep our clients at the heart of everything we do. Our smart, engaged employees are essential to our client service and continued success.
  • Our strength comes from within. With the vision of our people, we’re managing and leading change as the global financial services industry evolves.
  • We’re committed to helping every employee feel valued so they can meet their full potential. It’s part of our inclusion, development and corporate social responsibility commitment.

CREATE THE FUTURE

We’re looking for motivated people who share our ambition to improve the efficiency of the world’s financial system, interested in working in an environment that emphasizes teamwork and integrity. We give our employees the tools to balance their professional and personal life, including paid volunteer days and access to employee networks so they can stay connected to what matters to them.

Whether you’re focused on quality assurance or working across business divisions, starting your career with State Street will build your own future as you help shape the future of financial services.

Major responsibilities

  • Support risk oversight of Market Risk in the Banking Book, including the measuring, identification, reporting and monitoring of Market Risk (Interest Rate Risk, Credit Spread Risk, Structural FX risk, and Pension Risk
  • Review and rationalize EVE and NII reporting based on the QRM framework
  • Support GTRM through the enhancement and back-testing of behaviouralisation models and assumptions used in QRM, e.g. for prepayment and liabilities behaviouralization models
  • Support work streams related to the ongoing enhancement of the Global Treasury Risk Management process and support the internal capital adequacy assessment process (ICAAP) by providing risk modelling expertise in line with industry best practice
  • Support the analysis complex structured securities to understand the inherent risks of embedded optionality
  • Support Treasury Risk related work streams of future regulatory interactions like future ECB stress test exercises, ECB STE and IRRBB ITS reporting
  • Support the monitoring and challenge of the development of portfolio optimization procedures/balance sheet strategy recommendations
  • Report and assess the impact of emerging treasury risk regulations and ensure compliance with regulatory requirements
  • Collaborating with other teams including the Model Validation Group, Global Treasury, Finance or Regulatory Reporting,
  • Support senior management and communications with regulators

Education, Experience and Skills

  • Familiarity with QRM, Intex and ADCo (ALM vendor software) is preferred
  • 2-4 years of experience in Treasury, ALM or Market Risk activities, or risk management and regulatory concerns related to those disciplines. 
  • Advanced degree in Economics, Finance, Statistics or related field  
  • CFA, FRM or related candidates are a benefit
  • Advanced technical, quantitative, statistical aptitude/skills, with a focus on data analytics
  • Self-starter with willingness to work in a fast-paced, high-energy level environment
  • Knowledge of European and German regulation is a plus
  • Advanced verbal and written communication skills in English language, with ability to articulate effectively ideas and highly technical concepts to non-technical audiences and senior management
  • Advanced understanding of financial instruments and the balance sheet of a global bank
  • Advanced knowledge with Market risk at a banking organization
  • Independent and critical thinking skills and strong financial acumen
  • Team player with unquestionable integrity and ethical standards

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

Minimum Salary:

zł132,000 Annual

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.​

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.​

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.​

We Offer:

  • Permanent contract from day one​

  • Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)​

  • Gold Medical Package for employees and their families (partner and children)​

  • Premium life insurance package and private pension plan​

  • Wide range of soft skills training, technical workshops, language classes and development programs​

  • Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice​

  • Variety of well-being programs​

  • Additional benefits available depending on the seniority of the role

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

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