Model Risk Audit AVP: Quant Risk Leader

State Street; Boston (MA); On-site; USD 140,000 - 190,000; Full time

Job summary

State Street is seeking a Model Risk Audit, Assistant Vice President, to lead audits of models and quantitative tools across the firm. The role emphasizes risk assessment, governance, and effective communication with stakeholders.

You will monitor emerging model-risk themes and advance audit capabilities within Corporate Audit. Ideal candidates have hands-on experience in model development, validation, or risk management in financial services and demonstrate leadership potential for end-to-end

Qualifications

• Master's degree in a quantitative field and relevant risk experience.
• Experience with model development, validation, or risk management.

Responsibilities

• Lead or support model-risk audits across credit, market, liquidity, and other areas.
• Plan and execute audits using the corporate risk-based methodology.
• Assess design and effectiveness of controls across the model lifecycle.
• Review model documentation, validation results, and governance.
• Draft workpapers, findings, memoranda, and audit reports.
• Communicate progress, findings, and remediation expectations to stakeholders.
• Develop quantitative capabilities and cross-train audit teams.

Skills

Quantitative judgment

Audit-management

Stakeholder communication

Leadership potential

Model risk analysis

Education

Master's degree or higher in quantitative finance, statistics, mathematics, economics, financial engineering, computer science, or related quantitative discipline

Job description

State Street is seeking a Model Risk Audit, Assistant Vice President, to lead audits of models and quantitative tools across the firm. The role emphasizes risk assessment, governance, and effective communication with stakeholders.

You will monitor emerging model-risk themes and advance audit capabilities within Corporate Audit. Ideal candidates have hands-on experience in model development, validation, or risk management in financial services and demonstrate leadership potential for end-to-end