Senior Market Risk Stress Testing & Scenario Design

State Street Corporation; Boston (MA); On-site; USD 120,000 - 203,000; Full time

Benefits offered by this job

401K match

Insurance coverages

Paid time off

Employee Assistance Program

Performance incentives

Tax-advantaged savings

Job summary

State Street Corporation is seeking a Senior Specialist in Market Risk Stress Testing and Scenario Design to shape the firm's regulatory stress testing framework. You will develop GMS and CCST scenarios, calibrate methodologies, and partner with global teams to challenge assumptions and strengthen governance.

The role requires deep market expertise, strong quantitative capabilities, and the ability to present complex concepts to regulators and senior leadership.

Qualifications

• Master's degree or PhD in Finance, Economics, Financial Engineering, Mathematics, Statistics, Physics, or a related quantitative discipline.
• 5+ years of experience in market risk, stress testing, quantitative analytics, or related disciplines within large financial institutions, regulatory agencies, consulting firms, or asset managers.
• Demonstrated expertise in design, calibration, execution, or independent review of GMS, CCST, CCAR, or related regulatory stress-testing frameworks.
• Deep understanding of global financial markets, cross-asset risk dynamics, and Basel market risk requirements.

Responsibilities

• Develop and enhance Global Market Shock (GMS) and CCST scenarios for severe yet plausible market events across rates, credit spreads, equities, FX, commodities, and volatility.
• Influence stress testing by identifying emerging risks and translating market developments into meaningful scenarios and loss assessments.
• Calibrate market shock methodologies across thousands of risk factors, ensuring robustness and regulatory alignment.
• Apply quantitative analysis and historical research to evaluate scenario severity and methodology effectiveness.
• Collaborate with risk managers, model owners, and senior stakeholders to challenge assumptions and strengthen governance.

Skills

Quantitative analytics

Regulatory risk

Stakeholder influence

Education

Master's degree or PhD in Finance, Economics, Financial Engineering, Mathematics, Statistics, Physics, or a related quantitative discipline

Tools

Python

Job description

State Street Corporation is seeking a Senior Specialist in Market Risk Stress Testing and Scenario Design to shape the firm's regulatory stress testing framework. You will develop GMS and CCST scenarios, calibrate methodologies, and partner with global teams to challenge assumptions and strengthen governance.

The role requires deep market expertise, strong quantitative capabilities, and the ability to present complex concepts to regulators and senior leadership.