Credit Risk, Assistant Vice President

Who we are looking for

We are looking for an experienced credit risk professional to join as a Credit Risk Officer, Assistant Vice President, reporting directly to the Head of Credit Risk Korea. You will analyze a portfolio of Alternative Funds, completing thorough due diligence and credit analysis of State Street counterparties to facilitate informed credit decisions, support the monitoring of material counterparty exposures and limits, and escalate identified risks as appropriate.

Why this role is important to us

The team you will be joining is part of the Counterparty Credit Approval area within State Street's Enterprise Risk Management (ERM) function, a function that is vital to the company as it supports the principal ERM objectives of identifying, assessing and managing counterparty credit risk. This role supports a number of business areas, including Global Markets, Custody and Sector Solutions. You will be a key part of the risk management team, with a unique opportunity to work in a dynamic risk management environment.

What you will be responsible for

As a Credit Risk Officer, AVP, you will:

• •Perform due-diligence/call reports with alternative fund managers
• •Prepare credit applications on hedge funds, fund of hedge funds, private investment vehicles with a focus on ensuring required underwriting standards are met
• •Provide credit and risk rating recommendations based on analytical work
• •Proactively monitor and report on market and other developments impacting assigned counterparties
• •Track/report monthly NAV and performance of assigned funds. Oversee actions to be taken in the case of violations
• •Participate in negotiation of documentation credit terms
• •Have a thorough understanding of credit policy, objectives and priorities of ERM. Ability to identify exceptions to internal policies and guidelines
• •Collaborate with Credit Approvers in supporting the business areas with timely analytical needs, and other ad-hoc requirements
• •Assist with special projects in such areas as Credit Risk Appetite reviews, and various regulatory initiatives.
• •Take full ownership of assigned portfolio
• •Promote and support a culture of effective challenge and risk excellence
• •Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statutory and regulatory requirements
• •Develop a close working relationship with risk functions, business units, and internal control functions across the branch and SSBT organization
• •Undertake various credit administration functions to ensure prudent risk and exposures management, including but not limited to maintenance of accurate client records, credit limits and account structures within credit systems, daily monitoring of limit and exposure and management of limit exception, etc.

What we value

These skills will help you succeed in this role

• •Strong credit analysis experience, with an emphasis on Alternative Funds
• •Sound knowledge of Capital Markets products including foreign exchange and derivatives, with associated documentation knowledge
• •Excellent interpersonal, organisational and communication skills, both written and verbal
• •Strong quantitative and qualitative analytical skills combined with critical thinking
• •High energy and strong motivation skills to add value to the organization
• •Ability to present sound conclusions based on well-reasoned rationale to both management and credit committee members

Education & Preferred Qualifications

• •Bachelor’s degree in finance, business, economics or related field.
• •Fluent in Korean and English
• •Minimum 5 years of experience as a Credit Analyst or Credit Officer

Additional requirements

• •Ability to work effectively with colleagues at all levels, from junior credit analysts to senior management
• •Experience managing competing priorities within tight time constraints
• •Willingness to work with others on the team on special projects
• •Preference will be given to eligible persons under the Act on the Honorable Treatment of Persons of Distinguished Service to the Nation, in accordance with applicable Korean law

Work Requirement

Based in Seoul.

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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