Head of Capital Risk Management - Clifton, New Jersey

Head of Capital Risk Management (SVP) · Role Summary: · The Head of Capital Risk Management (SVP) will lead the independent risk oversight and assessment of State Street's capital position and capital management framework within Enterprise Risk Management. · The scope includes i) ...

Job description

Head of Capital Risk Management (SVP)

Role Summary:

The Head of Capital Risk Management (SVP) will lead the independent risk oversight and assessment of State Street's capital position and capital management framework within Enterprise Risk Management.

The scope includes i) Second Line Comprehensive Capital Analysis Review (CCAR) and Quarterly Stress Testing (QST) responsibilities, ii) review and challenge of Risk Weighted Asset (RWA) interpretations, iii) review and challenge of Recovery and Resolution Planning (RRP) and budget processes iv) capital risk appetite and limit framework ownership and management and v) capital risk policy ownership and management and iv) Material Risk Identification process ownership and management.

Other Key Responsibilities Include:

• Execute Financial Risk Quarterly Stress Testing requirements.

• Develop, implement and manage the capital risk appetite framework. This includes a limit framework, escalation procedures and the associated governance, and infrastructure.

• Develop, implement and maintain the capital risk policy.

• Develop and implement a review and challenge framework for RWA interpretations.

• Review and challenge capital planning activities including CCAR, RRP and budget processes and results.

• Lead the Material Risk Identification process.

• Communicated capital risk related matters across all hierarchy levels including senior management and the Board.

• Drive dialogue of implementation and enforcement of Second Line framework within first line; work closely with Treasury management to ensure ownership and accountability of responsibilities.  Ensure that breaches of risk tolerance and identified deficiencies are addressed by accountable parties.

• Serve as a senior voice in critical forums including the Asset Liability Committee and the Management Risk and Capital Committee. 

• RRP global manager and administration for Enterprise Risk Management.

• Work closely with legal entity First and Second Line management to ensure compliance with both local and global requirements.

• Provide Second Line risk impacts to regulatory capital for new products and business expansion.

• Develop and implement a reporting framework which facilitates the dissemination of relevant information and conforms to internal and external requirements.

• Lead regulatory interaction as it pertains to capital risk management.  Build and/or maintain effective relationships with senior global regulators.

• Lead and manage a multi-jurisdictional team of ~20 professionals with clear lines of reporting, authority levels, objectives and progress against performance priorities.

• Work with Information Technology and risk model development to design and implement appropriate data and analytics platforms.

Qualifications:

• Minimum of 15 years of related experience in the financial services industry including time spent managing in an executive capacity in a large global financial institution.

• Senior First or Second Line capital markets experience including, for example, capital raising, derivatives, treasury management or portfolio management. 

• Proven experience with regulatory management and regulatory remediation.

• Strong analytical skills involving securities valuation, portfolio analytics and risk management.

• Proven negotiation, interpersonal and communication skills at both the executive and board level.

• Demonstrated experience evaluating risks and mitigating financial risk.

• Deep knowledge and understanding of risk management principles and strategies and emerging trend.

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.

Discover more at

Salary Range:

$225,000 - $337,500 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

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

Read our CEO Statement

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.