AVP, Markets: Senior Quantitative & Model Risk Analyst

State Street; Boston (MA); Hybrid; USD 90,000 - 158,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

State Street Markets (SSM) is seeking an Assistant Vice President to join the SSM Model Risk team in Boston as Markets Senior Quantitative Analyst. You will collaborate with model owners to execute statistical and financial modeling, support capital and liquidity analyses, and help ensure rigorous validation of trading algorithms.

This hybrid role offers a balance of home and office work in Boston, with responsibilities extending to back-testing, monitoring plans, and clear communication with

Qualifications

• Graduate degree in quantitative discipline (Math/Financial Engineering/Statistics).
• 3-5 years in the model risk field.
• Advanced programming in Python, R or MATLAB, with VBA experience.
• Knowledge of financial markets and derivatives.
• Understanding of capital- and liquidity-related regulations.

Responsibilities

• Support model owners in statistical and financial modeling and final deliverables.
• Support capital- and liquidity-related quantitative analyses.
• Develop customized solutions for independent model testing and document methodology.
• Establish benchmarking and back-testing techniques based on model class and horizon.
• Identify key model risks by stress-testing inputs and parameters.
• Demonstrate model stability across specifications and input ranges.
• Collaborate to design monitoring plans with metrics and escalation plans.
• Develop first-line documentation covering development and monitoring.
• Work with owners/developers to update models for validation requirements.
• Conduct post-implementation reviews of trading algorithms and ensure FX Global Code compliance.
• Communicate with quantitative professionals and regulators about modeling assumptions.
• Prepare engagement updates and manage workflows for timely deliverables.

Skills

Quantitative analysis methods

Financial markets knowledge

Regulatory knowledge

Multitasking in fast-paced environment

Verbal and written communication

Education

Graduate degree in Financial Mathematics/Engineering/Statistics

3-5 years of experience in model risk

Tools

Python

R

MATLAB

VBA

Java

Job description

State Street Markets (SSM) is seeking an Assistant Vice President to join the SSM Model Risk team in Boston as Markets Senior Quantitative Analyst. You will collaborate with model owners to execute statistical and financial modeling, support capital and liquidity analyses, and help ensure rigorous validation of trading algorithms.

This hybrid role offers a balance of home and office work in Boston, with responsibilities extending to back-testing, monitoring plans, and clear communication with