Who we are looking for

We are looking for a Vice President, Market Risk to join the Global Treasury Risk Management (GTRM) team within Enterprise Risk Management (ERM). In this role, you will provide independent second-line oversight of trading market risk across Markets and Treasury, with a primary focus on APAC activities while contributing to global risk management initiatives and governance programs.

This role is ideal for a highly motivated senior risk professional with strong quantitative capabilities, deep knowledge of traded products and market risk management, and the ability to influence senior stakeholders across business, risk, technology, and control functions. Primary coverage includes APAC Foreign Exchange, Interest Rate and related derivatives trading activities.

Why this role is important to us

Global Treasury Risk Management (GTRM) provides independent second-line oversight of trading market risk across the Markets and Treasury divisions, as well as capital, liquidity, and investment risk oversight of Treasury banking book activities. As part of Enterprise Risk Management, the team plays a critical role in safeguarding the firm's financial resilience, strengthening risk governance, and ensuring adherence to regulatory expectations globally.

In this role, you will help ensure that market risks are appropriately identified, measured, monitored, challenged, and governed across a complex global organization.

What you will be responsible for

As a Market Risk Vice President, you will:

• Lead independent second-line oversight of market risk across APAC Markets and Treasury activities, identifying key risk drivers, portfolio vulnerabilities, emerging risks, and areas requiring independent review and challenge.

• Monitor market risk exposures, including VaR, sensitivities, stress testing results, and limit utilization, ensuring material issues and exceptions are appropriately escalated.

• Establish and maintain market risk limits, controls, escalation thresholds, and governance standards, while assessing the quality and integrity of risk data, methodologies, and reporting outputs.

• Provide independent risk assessment and challenge for new products, business initiatives, and changes in trading activity.

• Lead stress testing analysis and support the development, implementation, and governance of market risk frameworks, methodologies, and scenarios.

• Contribute to the enhancement of risk systems, analytics, models, tools, and reporting capabilities, partnering closely with model analytics, technology, and data teams.

• Support compliance with market risk regulations and regulatory initiatives, including FRTB and other applicable trading book requirements, while contributing to regional and global governance forums.

• Build strong relationships with business, treasury, technology, operations, and control functions, while providing leadership, guidance, and support to junior team members where appropriate.

What we value

These skills will help you succeed in this role:

• Strong market risk expertise across Foreign Exchange, Interest Rate products, and related derivatives.

• Excellent analytical, quantitative, problem-solving, and critical-thinking skills.

• Ability to effectively challenge, influence, and partner with senior stakeholders in a risk oversight capacity.

• Strong written and verbal communication skills with the ability to explain complex concepts to both technical and non-technical audiences.

• High standards of integrity, independence, and professional judgment.

Education & Preferred Qualifications

• Bahelor's degree or higher in Finance, Economics, or a related quantitative discipline.

• 7+ years of relevant experience in market risk management within a major bank, financial institution, or regulatory environment.

• Strong understanding of Foreign Exchange and Interest Rate derivatives, including forwards, swaps, NDFs, and options.

• Experience with risk measurement methodologies including VaR, sensitivities, stress testing, and back-testing.

• Experience developing analytical tools or prototypes using Python and SQL.

• Familiarity with Bloomberg, Reuters, or other market risk platforms preferred.

• Knowledge of FRTB, trading book capital requirements, and related market risk regulations preferred.

Additional requirements

• Experience with equity swaps, including index and basket swap structures, is advantageous.

• Ability to work effectively in a global environment, partnering with teams across regions and functions.

Work Requirement

• Hybrid work environment based in Hong Kong.

• Flexibility to collaborate with global stakeholders across multiple time zones

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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