State Street
Quantitative Risk, AVP
This job is now closed
Job Description
- Req#: R-745183
- Assessing model theory and assumptions as well as considering modeling methods and alternate options
- Testing and confirming model results by using documented procedures for running models
- Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results
- Assessing the integrity of data inputs
- Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
- Presenting results of model validation work to senior management and making recommendations for improvements
- MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field; senior positions require 2-3 years of model validation experience in a financial services firm
- Strong written and verbal communication skills
- Excellent quantitative modeling, analytical, research, and programming skills (e.g., MATLAB, R, Python, SAS, Stata, SQL)
- Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines
JOB DESCRIPTION
State Street’s Model Risk Management (MRM) function is seeking a Quantitative Analyst to join its Model Validation team based in Boston, MA. The Quantitative Analyst will participate in model validation to ensure model risks are correctly identified, assessed, and managed. MRM’s validation work is focused on models in the following general areas: wholesale credit risk, market risk, securities finance, asset management, and stress testing.
Specific tasks performed during model reviews include:
Job Qualifications:
Salary Range:
$90,000 - $142,500 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
About the company
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide.
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