Senior Quantitative Analyst, Model Risk Management, VP

State Street; München; Vor Ort; EUR 120.000 - 180.000; Vollzeit

Zusammenfassung

State Street in Munich seeks a VP-level Senior Quantitative Analyst to lead independent model validation in the Model Risk Management (MRM) team. You will oversee valuations for ALM, IRRBB, stress testing, and liquidity risks, while mentoring junior analysts and strengthening governance.

You will translate complex quantitative concepts for technical and non-technical stakeholders, drive validation standards, and collaborate with Treasury and risk partners across the organization.

Qualifikationen

• Master's degree or PhD in Finance, Financial Engineering, Economics, Statistics, Mathematics, Physics, or a related quantitative discipline.
• 5+ years’ experience in Model Validation, Model Risk Management, Treasury Risk, Asset Liability Management, or related quantitative risk functions.
• Strong understanding of quantitative modeling techniques, governance frameworks, and risk management practices.
• Experience validating, reviewing, developing, or overseeing models in ALM, IRRBB, liquidity risk, and stress testing.

Aufgaben

• Lead end-to-end model validation engagements for Treasury and Risk Management models.
• Evaluate methodologies, assumptions, limitations, and design choices.
• Provide independent challenge to model developers and business stakeholders.
• Present findings to senior management and governance committees.
• Coach and develop a small team of junior analysts.

Kenntnisse

Python

R

SQL

SAS

Stata

Ausbildung

Master's degree or PhD in Finance/Financial Engineering/Economics/Statistics

Tools

QRM (ALM platform)

Jobbeschreibung

VP, Senior Quantitative Analyst, Model Risk Management

State Street's Model Risk Management (MRM) team plays a critical role in ensuring the integrity, reliability, and regulatory compliance of the quantitative models that support key business and risk management decisions across the firm. We are seeking an experienced Senior Quantitative Analyst, Vice President to join our Model Validation team in Munich. This role offers a unique opportunity to provide independent challenge and oversight of high-impact models used for Asset Liability Management (ALM), Interest Rate Risk in the Banking Book (IRRBB), stress testing, and liquidity risk. You will be responsible for translating complex quantitative concepts into clear business insights, helping stakeholders and senior management understand model limitations, risks, and recommendations. In addition to conducting hands-on model validation work, you will lead and mentor a small team of junior quantitative analysts while helping strengthen the firm’s model governance framework and risk management practices. This is an opportunity to combine deep quantitative expertise, Treasury and balance sheet risk knowledge, stakeholder engagement, and people leadership within a highly visible control function that supports the firm’s global risk management framework.

What You Will Do

Lead Independent Model Reviews

• Conduct and lead end-to-end model validation engagements for quantitative models used in Treasury and Risk Management.
• Evaluate model methodologies, assumptions, limitations, and design choices.
• Provide independent challenge to model developers and business stakeholders regarding model performance, limitations, and appropriateness.
• Serve as a subject matter expert on Treasury and balance sheet risk models, including ALM, interest rate risk, liquidity risk, and stress testing frameworks.
• Lead, coach, and develop a small team of junior quantitative analysts while fostering a collaborative and high-performing validation environment.

Assess Model Performance and Robustness

• Evaluate model implementation, data integrity, and computational accuracy.
• Review model documentation, development evidence, and model implementation.
• Perform independent testing, benchmarking, back-testing, sensitivity analysis, and stress testing to assess model reliability.
• Identify model limitations, emerging risks, and opportunities for enhancement.
• Assess model governance, controls, and ongoing performance monitoring practices.

Influence Risk Governance

• Present validation findings, recommendations, and model risk assessments to senior management, governance committees, and business stakeholders.
• Communicate complex quantitative concepts and technical findings clearly to both technical and non-technical audiences.
• Collaborate with model owners, Treasury teams, and risk partners to resolve validation findings and strengthen model controls.
• Contribute to the continuous enhancement of State Street's model risk management framework and validation standards.

Qualifications

What We Are Looking For

• Master's degree or PhD in Finance, Financial Engineering, Economics, Statistics, Mathematics, Physics, or a related quantitative discipline.
• 5+ years’ experience in Model Validation, Model Risk Management, Treasury Risk, Asset Liability Management, balance sheet risk management, or related quantitative risk functions within banking or financial services.
• Strong understanding of quantitative modeling techniques, model governance frameworks, and model risk management practices.
• Demonstrated experience validating, reviewing, developing, or overseeing models used in areas such as: Asset Liability Management, Interest Rate Risk in the Banking Book, Liquidity Risk Management, Stress Testing, Treasury Risk, Balance Sheet Risk Management, Capital Planning.

Technical Expertise

• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in Python, R, SQL, SAS, Stata, or similar analytical tools.
• Experience conducting independent model testing, benchmarking, sensitivity analysis, and model performance assessments.
• Ability to assess model implementation, data quality, assumptions, and controls.
• Experience with ALM platforms such as QRM is plus but not required.

Leadership & Communication

• Strong communication skills with the ability to translate sophisticated quantitative concepts, methodologies, and validation findings into clear, actionable insights for business stakeholders and senior management.
• Strong project management skills with the ability to lead multiple validation reviews simultaneously.
• Proactive, intellectually curious mindset and willingness to challenge assumptions constructively.

Why Join State Street

At State Street, you'll work alongside talented professionals helping shape the risk management framework of one of the world's leading financial institutions.

This Role Offers

• Exposure to critical Treasury and balance sheet risk models.
• High visibility with senior stakeholders and governance committees.
• Opportunities to influence risk management decisions across the organization.
• Leadership responsibility for a small team of quantitative professionals.
• A collaborative and intellectually stimulating environment.
• Career growth within a global Model Risk Management function.
• The opportunity to apply technical expertise while influencing strategic business decisions.

Are You the Right Candidate

This role is ideal for professionals with backgrounds in Model Validation, Model Development or quantitative risk management who are seeking a highly visible role that combines technical depth, stakeholder engagement, and people leadership. We value diverse experiences, perspectives, and backgrounds. If you are passionate about quantitative analysis, model governance, and risk management, we encourage you to apply even if your experience does not perfectly match every qualification listed. We believe great candidates bring more than technical expertise. Curiosity, collaboration, sound judgment, strong communication skills, and the ability to make complex concepts understandable to a broad audience are equally important to success in this role.

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 ID: R-797777