Hybrid AVP – Markets Quantitative Analyst (Model Risk)

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

Job summary

State Street Markets in Boston is seeking an Assistant Vice President, Markets Senior Quantitative Analyst to support model owners with statistical and financial modeling and to collaborate on monitoring and validation of proprietary trading models. The role requires strong programming skills and a graduate quantitative degree.

The position offers a hybrid work arrangement balancing home and office, with a focus on delivering timely, well-documented analyses to internal and external regulators

Qualifications

• Graduate degree in Financial Mathematics, Financial Engineering, Mathematics, Statistics or a related quantitative discipline.

Responsibilities

• Support model owners in the execution of engagement-specific statistical and financial modeling and analyses.
• Prepare final model deliverables.
• Assist the Markets Risk and Capital Optimization team on capital- and liquidity-related quantitative analyses.
• Develop benchmarking and back-testing techniques.
• Identify key model risks by stress-testing inputs and parameters.
• Collaborate with model owners to implement ongoing monitoring plans.
• Prepare first-line-of-defense documentation covering model development and monitoring.
• Communicate results to internal model validation and regulators.

Skills

Quantitative analysis

Financial markets knowledge

Communication skills

Python

R

MATLAB

Education

Graduate degree in Financial Mathematics/Financial Engineering/Mathematics/Statistics or related quantitative field

Tools

Python

R

MATLAB

VBA

Job description

State Street Markets in Boston is seeking an Assistant Vice President, Markets Senior Quantitative Analyst to support model owners with statistical and financial modeling and to collaborate on monitoring and validation of proprietary trading models. The role requires strong programming skills and a graduate quantitative degree.

The position offers a hybrid work arrangement balancing home and office, with a focus on delivering timely, well-documented analyses to internal and external regulators