Hybrid AVP — Markets Quantitative Risk & Modeling

Statestreet; Boston (MA); Híbrido; USD 90 000 - 158 000; Tempo integral

Resumo da oferta

State Street is seeking an Assistant Vice President to join the SSM Model Risk team in Boston. The role focuses on statistical and financial modeling, model testing, and documentation to meet internal validation and regulatory standards.

You will collaborate with model owners, risk teams, and developers to deliver independent analyses and monitoring plans in a hybrid work arrangement. Ideal candidates have graduate quantitative degrees, 3-5 years in model risk, and strong programming skills in

Qualificações

• 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.
• Java experience is a plus.

Responsabilidades

• Support model owners in engagement-specific statistical and financial modeling and analyses, and in the preparation of final model deliverables.
• Support the Markets Risk and Capital Optimization team on capital- and liquidity-related quantitative analyses.
• Develop customized solutions to perform independent model testing and document the development methodology and implementation process.
• Establish benchmarking and back-testing techniques based on the model class and horizon.
• Identify key model risks by stress-testing model inputs and parameters.
• Demonstrate model stability across alternative specifications and input ranges.
• Collaborate to design ongoing monitoring plans with performance metrics and escalation plans.
• Develop first-line-of-defense documentation covering model development and monitoring.
• Work with owners and developers to update models for validation requirements.
• Conduct post-implementation reviews of proprietary trading algorithms and independent testing.
• Communicate results to internal validators and regulators.
• Prepare engagement status updates and manage deliverables.

Conhecimentos

Quantitative analysis

Financial markets knowledge

Regulatory understanding

Multitasking

Communication skills

Formação académica

Graduate degree in Financial Mathematics/Engineering/Math/Stats

Ferramentas

Python

R

MATLAB

VBA

Descrição da oferta de emprego

State Street is seeking an Assistant Vice President to join the SSM Model Risk team in Boston. The role focuses on statistical and financial modeling, model testing, and documentation to meet internal validation and regulatory standards.

You will collaborate with model owners, risk teams, and developers to deliver independent analyses and monitoring plans in a hybrid work arrangement. Ideal candidates have graduate quantitative degrees, 3-5 years in model risk, and strong programming skills in