Risk Analyst, AVP

STATE STREET CORPORATION; New York (NY); On-site; USD 80,000 - 140,000; Full time

Job summary

Join a leading financial services firm where you will play a crucial role in developing innovative market risk solutions. This position offers the opportunity to leverage your expertise in risk management and data analytics while collaborating with a dynamic team. You'll be responsible for the full life cycle of model development, from data analysis to prototyping and testing. With a strong commitment to diversity and professional growth, this organization fosters an inclusive environment and provides comprehensive benefits. If you're ready to make a significant impact in the investment industry, this role is for you.

Benefits

Generous medical care

Insurance and savings plans

Flexible work program

Development programs

Educational support

Paid volunteer days

Matching gift program

Qualifications

• 4-7 years of experience in risk measurement/management.
• Strong mathematical skills with an advanced degree in relevant fields.

Responsibilities

• Develop new market risk solutions and enhance existing capabilities.
• Collaborate with teams to design model specifications and prototypes.

Skills

Quantitative Analysis

Risk Management

Data Analytics

Communication Skills

Client-facing Skills

Agile Development

Education

Advanced Degree in Finance

Advanced Degree in Financial Engineering/Mathematics

Tools

R

Python

SQL

Job description

Who we are looking for

State Street offers a full-service Market, Liquidity and ESG Risk measurement solution for sophisticated institutions within the financial markets.

Reporting to the Vice President of Risk Solutions, you will use your interests/curiosity in risk management, regulations, and data analytics to build new market risk solutions. You will collaborate with other members of the client service, financial engineering, and technical support teams in helping to design the appropriate model specifications. You will leverage your experience within model development / market risk management at an asset management and/or a sell side institution to advance capabilities of the existing risk solutions. You will be directly involved in the full life cycle of model development from raw data analysis to model prototyping, documenting, testing and perform ongoing maintenance.

Why this role is important

The team you will be joining is a part of Investment Risk Solutions, a State Street business unit that provides data and analytics solutions to asset owners and asset managers, as well as banks and insurance companies. The Risk Solutions team helps our clients make more informed investment decisions. Our broad product line provides a consistent way of looking at risk and performance from front to middle office. Join us if making your mark in research for investment industry from day one is a challenge you are up for.

What you will be responsible for

With some oversight and supervision, the incumbent is responsible to:

1. Incorporate advanced risk and financial functionality into our current capabilities within liquidity risk management
2. Bridge the gap between theoretical research, best practices and constantly evolving industry thought around market risk management/measurement to build high quality scalable solutions
3. Provide financial specifications and developed prototypes for the design of new risk management analytics functionality
4. Perform research on developing risk models and analytics
5. Identify the data requirements for these solutions and work closely with our data team to determine sources / mappings for this data
6. Provide pre-sales and post-sales support in the form of product demonstrations, workshops, pilots and client implementation consulting

What we value

These skills will help you succeed in this role:

1. Be enthusiastic about explaining quantitative concepts to a varied audience
2. Experienced in working in an Agile development environment
3. Familiarity with analysing and interpreting regulatory risk requirements an asset
4. Experience in a client-facing role and good people skills an asset
5. Excellent verbal and written communication skills

Education & Preferred Qualifications

1. Strong mathematical and quantitative skills as evidenced by an advanced degree in Finance, Financial Engineering/Mathematics or equivalent
2. Proficient programming skills in either R, Python. Some experience in SQL desirable
3. 4 to 7 years’ experience with risk measurement/management
4. Professional accreditations (e.g. FRM, CFA) is an asset
5. Familiarity with financial products and data

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we are making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live, and Grow.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other benefits. You will have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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