Who we are looking for

　　The Credit Risk Analytics and Control team is responsible for the credit risk methodology and reporting for State Street Bank's credit portfolio within the Bank's Internal Capital Assessment Adequacy Process (ICAAP). The team also supports other regulatory prescribed exercises incl. climate stress testing. Moreover, the team performs various Risk Oversight activities, including the production and maintenance of Credit Risk Appetite Metrics and other Senior Management reporting activities. It also provides analytical solutions and quantitative support for the Credit Risk department.

　　This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

　　Why this role is important to us

　　The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

　　What you will be responsible for

　　As a (Senior) Credit Risk Manager you should expect to participate in some or all of the following tasks depending on you profile

　　Work together with Model Developers on the development and optimization of Credit Models (economic capital) and Risk Reporting toolsCollaborate with the local Regulators supervising credit risk related issues, Audit and Model ValidationContribute to the monitoring and assessment of relevant risks within Credit Risk space relative to the Bank's Risk Appetite as well as ad-hoc portfolio analytics asks (ICAAP, RAS, RRP, various Stress Tests)Ensure the right data, analytical tools and skills are available to pro-actively manage credit risk to board appetiteContribute to various cross-functional projectsCommunicate and present your work to senior management and in relevant committees

　　What we value

　　These skills will help you succeed in this role

　　Independent and self-organized working style combined with strong Project Management skills ideally gained in an international and global financial institutionVery strong analytical and problem-solving abilities with the demonstrated ability to effectively communicate verbally and written with various stakeholdersCommitment to quality, high attention to detail and strong analytical skill-setEnthusiastic team player and at the same time a self-starterExcellent interpersonal, organizational, presentation and communication skillsExperience with an international organization and collaboration in a global team within a demanding environment of a financial institution would be a plus

　　Education & Preferred Qualifications

　　Successfully completed Bachelor's and/or Master's degree, preferably in Finance, Business and Economics or related field including numeric discipline; or equivalent degree supplemented by further qualificationsAt least 3 years of experience in a risk management function connected to risk modelling. Ideally, direct exposure to credit risk. For the senior role we'll expect at least 6 years of experience and more in-depth knowledge.Practical knowledge of programming with experience in building solutions in SAS, Python or R.Previous experience in developing/validating/ use of economic capital models is advantageousExperience with ICAAP and stress testing and sound know-how of applicable regulatory requirements would be a plusFluency in English and GermanKnowledge of Capital Market products is a plus.

　　We offer

　　Hybrid working modelFlexible working time37,5 working hours per weekPension plan offeringWellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)Group accident insuranceMentoring programRegular performance reviews and structured performance managementPersonal development possibilities and extensive web based training catalogueFree German and English language classesGlobal Inclusion, Global Outreach and Corporate Citizenship programsDynamic, diverse, international, and multicultural working environment with English company language

　　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