# Market Risk Manager - Capital Markets & Product Risk Oversight, VP at State Street

State Street is hiring a Market Risk Manager - Capital Markets & Product Risk Oversight, VP in Boston, United States. It pays $120k-$203k a year and Level rates it Little AI ●○○○; you can [apply on State Street](https://jobsbylevel.com/go/495305cb-d8b4-484b-801b-fbbc919ace29?utm_medium=ai-agent).

AI Level 1, AI centrality 10 out of 100. Boston, Massachusetts.

## Details

- Company: [State Street](https://jobsbylevel.com/companies/state-street)
- AI level: AI Level 1 (score 10 out of 100)
- Location: Boston, Massachusetts
- Salary: $120k-$203k
- Posted: October 1, 2026
- Apply: https://jobsbylevel.com/go/495305cb-d8b4-484b-801b-fbbc919ace29?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=market-risk-manager-capital-markets-product-risk-oversight-vp-at-state-street-54051a

## Prepare for this job

The job page lists 4 likely interview questions for this offer, with a CV checklist: https://jobsbylevel.com/jobs/market-risk-manager-capital-markets-product-risk-oversight-vp-at-state-street-54051a

## Description

Senior Market Risk Manager, Capital Markets & Product Risk Oversight About the Role State Street's Global Treasury Risk Management (GTRM) team is seeking a senior risk professional to help shape how the firm identifies, measures, governs, and manages market risk across new and existing products, business lines, and strategic initiatives. GTRM provides independent second-line oversight of market risk, interest rate risk, liquidity risk, and capital risk across the firm's Markets and Treasury activities. As part of Enterprise Risk Management (ERM), the team plays a critical role in ensuring that risk-taking activities remain aligned with the firm's risk appetite, regulatory expectations, and strategic objectives. This role is uniquely positioned at the intersection of Markets, Treasury, Product Development, and Enterprise Risk. The successful candidate will lead product-level market risk assessments across both the banking book and trading book, helping the firm evaluate new business opportunities, oversee evolving business activities, and strengthen the framework used to govern market risk exposures. This is an opportunity to influence risk management across a balance sheet exceeding $355 billion in assets, work closely with senior leaders and governance committees, and play a key role in evolving the firm's market risk framework. Why This Role Matters State Street continues to expand and evolve its products, services, and market activities. This role is critical to ensuring that both new and existing business activities are supported by robust market risk assessments, appropriate governance processes, effective controls, and sound regulatory compliance. You will help build and enhance the framework used to evaluate new products, business lines, and meaningful changes to existing activities, while ensuring market risk exposures are appropriately identified, measured, monitored, and managed. Your work will directly influence senior management decisions and be presented through risk governance forums, working groups, subcommittees, and management committees across the organization. Additionally, you will be responsible for maintaining and overseeing the inventory of products used across both the banking and trading books, ensuring that market risk treatment remains appropriate and proportionate to State Street’s market risk exposures and materiality. Key Priorities During Your First Year Enhance and formalize the framework used to assess and approve new products and business activities. Create an inventory of products applied in both the trading and the banking books Develop processes to identify and evaluate material changes to existing products, regions, currencies, and business lines. Strengthen product-level market risk assessments across both trading and banking book activities. Improve governance, controls, and risk measurement methodologies supporting evolving business initiatives. Partner with stakeholders across Treasury, Markets, Finance, Compliance, Legal, and Enterprise Risk Management to drive greater consistency and transparency in market risk oversight. What You Will Be Responsible For As a Senior Market Risk Manager, you will serve as a key independent risk partner supporting the firm's evolving product landscape and market activities. You will: Lead independent market risk reviews of new products, business lines, strategic initiatives, and material changes to existing activities, ensuring market risk exposures are appropriately identified, measured, controlled, and governed. Serve as a primary second-line risk representative throughout the product and business lifecycle, partnering with stakeholders across Treasury, Markets, Finance, Compliance, Legal, Model Risk Management, and Enterprise Risk. Evaluate proposed products, transactions, and business initiatives, providing independent challenge and ensuring alignment with the firm's risk appetite, governance standards, and regulatory expectations. Assess market

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/market-risk-manager-capital-markets-product-risk-oversight-vp-at-state-street-54051a

Source: https://jobsbylevel.com/jobs/market-risk-manager-capital-markets-product-risk-oversight-vp-at-state-street-54051a

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Level. https://jobsbylevel.com/jobs/market-risk-manager-capital-markets-product-risk-oversight-vp-at-state-street-54051a.

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