State Street
Credit Risk Analyst, Assistant Vice President

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Front Office Credit Risk Analyst, AVP (Onsite)
State Street Markets (“SSM”) is looking for an AVP to join the SSM Risk and FRM team in London. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, and Portfolio Solutions. Additionally, Financial Resource Management (‘FRM’), covering allocation, monitoring, and optimization of capital, funding, and liquidity is performed.
Job Description
Reporting to the Head of Front Office Credit Risk in Boston, this AVP role is responsible for first line credit risk management across multiple business units within SSM. Traditional counterparty credit analysis skills and trading product knowledge are prerequisites for success. The ideal candidate will have a background in Capital Markets with exposure to FX and OTC Derivatives. These prerequisites will position the candidate for success in their support of multiple SSM product offerings. Demonstrated experience in credit risk analysis of a wide variety of counterparties, including financial institutions and alternative funds is of central importance. The role is in London, with a minimum of 4 days per week in the office.
Key Responsibilities
- Conduct credit reviews of counterparties and prospects within each SSM business line.
- Partner with sales and relationship management teams to ensure timely and thorough credit analysis of new relationships.
- Negotiate client-facing credit terms in agreements for all SSM counterparties and ensure appropriate monitoring of ATEs.
- Manage the collection of up-to-date financial information for all counterparties.
- Participate in periodic and ad-hoc due diligence calls and visits.
- Proactively review and analyze credit utilization reports and investigate any over-limit conditions.
- Help manage the relationship between Front Office Risk and Enterprise Risk Management.
- Inform Enterprise Risk Management of all relevant counterparty developments.
- Perform any other tasks assigned to support the Front Office Credit and Market Risk teams.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
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Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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Desired Skills & Experience
- Bachelor's Degree or equivalent in an economics or business-related field. Advanced degree preferred.
- 3-5 years’ experience in counterparty credit risk preferred.
- Formal credit training is strongly preferred.
- Professional designation (CFA, FRM) preferred but not required
- Strong risk management and control focus.
- A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment.
- Strong verbal and written communication skills.


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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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