AVP, Quantitative Risk & Model Validation (Hybrid)

State Street Corporation; Boston (MA); Hybride; USD 90 000 - 158 000; Plein temps

Avantages offerts par ce poste

401K match

Health insurance

Paid time off

Employee assistance

Performance-based awards

Tax-advantaged savings plans

Résumé du poste

State Street Corporation, via its State Street Markets (SSM), seeks an Assistant Vice President to join the SSM Model Risk team in Boston. The role blends quantitative modeling, risk analysis and collaboration with business units to address model risk and regulatory requirements.

You will develop and review models, back-test methodologies, and support independent testing of trading algorithms while ensuring documentation and governance across the model lifecycle.

Qualifications

• Graduate degree in Financial Mathematics, Financial Engineering, Mathematics, Statistics or related quantitative discipline.
• 3-5 years of experience in the model risk field.
• Advanced programming skills in Python, R or MATLAB, with intermediate VBA and other languages.

Responsabilités

• Support model owners in engagement-specific statistical and financial modeling and analyses.
• Assist the Markets Risk and Capital Optimization team on capital- and liquidity-related analyses.
• Develop customized solutions for independent model testing and document methodologies.
• Establish benchmarking and back-testing techniques based on model class and horizon.
• Identify key model risks by stress-testing inputs and parameters.
• Collaborate to design and implement ongoing monitoring plans and performance metrics.
• Prepare first-line-of-defense documentation covering model development and monitoring.
• Update models to meet internal validation requirements.
• Conduct post-implementation reviews of trading algorithms and compliant testing.

Connaissances

Python

R

MATLAB

VBA

Java

Formation

Graduate degree in Financial Mathematics/Financial Engineering/Mathematics/Statistics

Description du poste

State Street Corporation, via its State Street Markets (SSM), seeks an Assistant Vice President to join the SSM Model Risk team in Boston. The role blends quantitative modeling, risk analysis and collaboration with business units to address model risk and regulatory requirements.

You will develop and review models, back-test methodologies, and support independent testing of trading algorithms while ensuring documentation and governance across the model lifecycle.