AVP Credit Risk Modeler — Quantitative Risk & Modeling

State Street; Clifton (NJ); On-site; USD 90,000 - 157,500; Full time

Benefits offered by this job

401K with company match

Comprehensive insurance coverage

Paid-time off

Job summary

State Street is seeking an Assistant Vice President and Credit Risk Modeler to join their team in New Jersey, Connecticut, or Boston. This critical role contributes to the development of credit risk models to support institutional investors in managing risks and driving profitability.

The candidate should possess a PhD in statistics or econometrics and experience in credit risk modeling at financial institutions. Strong programming skills in Python, R, and SQL are essential, alongside a motivating presence and the ability to work collaboratively.

Qualifications

• PhD in statistics or econometrics preferring research in survival analysis/event history analyses.
• 3-5 years of experience in credit risk modeling for MS, 2+ years for PhD.

Responsibilities

• Develop credit risk models (PD/LGD/EL) for State Street’s wholesale portfolios.
• Streamline existing modeling processes to increase execution pace.

Skills

Strong analytical and quantitative mindset

Energetic/motivator

Organizational strengths

Confidence

Clear communicator

Education

PhD in statistics or econometrics

Undergraduate training in mathematics

Tools

Python

R

C++

SQL

Job description

State Street is seeking an Assistant Vice President and Credit Risk Modeler to join their team in New Jersey, Connecticut, or Boston. This critical role contributes to the development of credit risk models to support institutional investors in managing risks and driving profitability.

The candidate should possess a PhD in statistics or econometrics and experience in credit risk modeling at financial institutions. Strong programming skills in Python, R, and SQL are essential, alongside a motivating presence and the ability to work collaboratively.