Quantitative Analyst, Officer

State Street Corporation; Boston (MA); Hybrid; USD 70,000 - 119,000; Full time

Benefits offered by this job

401K with company match

Healthcare coverage

Paid time off

Employee Assistance Program

Performance-based awards eligibility

Job summary

State Street Markets seeks a Markets Quantitative Analyst, Officer, in Boston, to support model risk, capital and liquidity analyses, and to develop testing and monitoring for trading models.

You will collaborate with model owners, regulators, and cross-functional teams to document development, validate strategies, and deliver timely insights that strengthen risk controls and advance quantitative capabilities.

Qualifications

• Graduate degree in a quantitative discipline such as Financial Mathematics, Financial Engineering, Mathematics or Statistics.
• 0-3 years of experience in model risk or related field.
• Advanced programming in Python, R or MATLAB; familiarity with VBA and other languages; Java a plus.

Responsibilities

• Support model owners in statistical and financial modeling and final deliverables.
• Assist资本 and liquidity related quantitative analyses with Markets Risk and Capital Optimization.
• Develop testing frameworks and document development methodologies.
• Establish benchmarking and back-testing techniques based on model class and horizon.
• Identify model risks by stress-testing inputs and parameters.
• Demonstrate model stability across specifications and input ranges.
• Collaborate to design ongoing monitoring plans and thresholds.
• Create first-line documentation on model development and monitoring.
• Update models to align with validation requirements.
• Communicate results to internal validators and regulators; prepare stakeholder updates.

Skills

Quantitative analysis

Financial markets knowledge

Communication skills

Multitasking under deadlines

Education

Graduate degree in quantitative discipline

Tools

Python

R

MATLAB

VBA

Java

Job description

Who we are looking for

State Street Markets (“SSM”) is looking for an Officer to join the SSM Model Risk team in Boston. The SSM Model Risk team provides solutions to SSM business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, GlobalLink, State Street Associates and Market Surveillance, allowing business units to address Model Risk requirements from internal oversight functions and external regulators.

Work arrangement

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As Markets Quantitative Analyst, Officer, you will:

• Support model owners in the execution of 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 appropriate benchmarking and back-testing techniques based on the model class, purpose, horizon, hedging implications, and other relevant factors.
• Identify key model risks by stress-testing model inputs and parameters.
• Demonstrate model stability across alternative specifications and input ranges, including extreme values and boundaries of model effectiveness.
• Collaborate with model owners to design and implement ongoing monitoring plans, including performance metrics, thresholds and escalation plans.
• Develop first-line-of-defense documentation covering model development, implementation and ongoing monitoring.
• Work with model owners and developers to update models in line with internal model validation requirements.
• Conduct post-implementation reviews of SSM proprietary trading algorithms, including code and strategy changes, compliance with the FX Global Code, and independent testing of selected components.
• Communicate with quantitative professionals and developers to understand strategy changes and justify modeling assumptions and results to internal model validation and external regulators.
• Prepare and deliver engagement status updates to key stakeholders and manage workflows to ensure timely deliverables.

What we value

These skills will help you succeed in this role:

• Strong understanding of quantitative analysis methods in relation to financial institutions.
• Knowledge of financial markets, including securities lending, equities and derivatives, FX or electronic trading, is a plus.
• High-level understanding of capital- and liquidity-related regulations.
• Ability to multitask and operate in a fast-paced, deadline-oriented environment.
• Strong verbal and written communication skills, with the ability to explain complex concepts, facilitate discussions and resolve conflicts among stakeholders with competing interests.

Education & Preferred Qualifications

Graduate degree in a quantitative discipline, such as Financial Mathematics, Financial Engineering, Mathematics, Statistics or a related field.

0-3 years of experience in the model risk field preferred.

Advanced programming skills in at least one supported statistical programming environment, including Python, R or MATLAB.

Intermediate programming skills in VBA and other languages; Java experience is a plus.

Salary Range

$70,000 - $118,750 Annual. The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes:

• our retirement savings plan (401K) with company match
• insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
• paid-time off including vacation, sick leave, short term disability, and family care responsibilities
• access to our Employee Assistance Program
• incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• eligibility for certain tax advantaged savings plans

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Equal Opportunity Employer

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

Job Application Disclosure

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Equal Opportunity Employer

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement