About this opportunity
STATE STREET CORPORATION lists this Quantitative Risk, AVP opportunity in boston, Massachusetts. Review the employer’s description below for duties, qualifications and application requirements.
Job description
BACKGROUND
The Centralized Modeling & Analytics and Operations(CMAO) team within State Street’s Enterprise Risk Management (ERM) organization is looking for an experienced quantitative analyst to join our team. The CMAO organization provides analytics based services and solutions to business units across State Street. Our mission is to create value through data driven solutions enabling State Street and our business partners to make timely and informed decisions.
POSITION PRIMARY DUTIES AND RESPONSIBILITIES
Assume a key role in model methodology research, prototyping and determination
Develop and build out financial models and analytics for the trading business leveraging a wide variety of mathematical and computer science methods and tools
Advance existing codebase and propose new solutions and improvements
Document development methodology, quantitative analysis, and implementation process
Design and implement suitable and effective model ongoing monitoring plan including performance metrics, thresholds, and escalation plan
Work in close partnership with control functions such as Model Risk Management, Audit, and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure
Collaborate with business users and IT partners to establish appropriate production processes within the IT infrastructure
Timely execute CCAR deliverables
Support regular BAU risk management activities and proactively resolve issues
REQUIREMENTS
Masters’ or PhD in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, Computer Science, or a related field).
Experience in machine learning is a plus
Minimum 2-4 years of working experience in financial modeling field as a key contributor
Demonstrated knowledge and experience developing or validating VaR, PFE and CVA models
Demonstrated knowledge on derivatives, RMBS and equities pricing/modeling, yield curve building methodology, interest rate modelling
Advanced programming skills in statistical programming environment Python and SQL are required
Familiarity with CCAR regulatory frameworks and the corresponding requirements is a plus
Self‑motivated and attention to detail
Demonstrated ability to work independently on complex projects as well as the ability to be a team player in a fast‑paced, high‑energy level environment
Strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to broad audiences
Competence and confidence to gain credibility and collaborate for success across the organization
SALARY RANGE
Salary Range: $90,000 - $157,500 Annual The 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.
BENEFITS
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
JOB APPLICATION DISCLOSURE
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
ACROSS THE GLOBE
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.
EOE STATEMENT (REPEATED)
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.