Senior Market Risk Stress Testing & Scenario Design

State Street; Clifton (NJ); On-site; USD 120,000 - 203,000; Full time

Benefits offered by this job

401K with company match

Comprehensive benefits package

Paid time off

Job summary

State Street is seeking a Senior Specialist for Market Risk Stress Testing and Scenario Design to shape the firm's regulatory framework and vulnerability assessments during severe market events. You will develop and calibrate GMS and CCST scenarios, collaborating with Market Risk, Trading, Treasury, and Risk governance to deliver robust stress-testing results.

You will present methodologies and findings to regulators, governance committees, and senior leadership, ensuring sound judgment,

Qualifications

• Master's degree or PhD in Finance, Economics, Financial Engineering, Mathematics, Statistics, Physics, or related quantitative discipline.
• 5+ years of market risk, stress testing, quantitative analytics, financial market modeling, scenario design, or related disciplines.
• Demonstrated expertise in design/calibration/execution of stress-testing frameworks (GMS/CCST/CCAR).
• Strong cross-function communication with regulators, risk committees, and senior leadership.

Responsibilities

• Develop and enhance GMS and CCST scenarios covering rates, spreads, equities, FX, commodities, and vol across risk factors.
• Influence stress testing approaches by identifying emerging risks and translating market developments into actionable scenarios and loss assessments.
• Calibrate market shock methodologies for thousands of risk factors, ensuring robustness and regulatory alignment.
• Apply quantitative analysis and historical market research to assess scenario severity and improve risk models.
• Partner with risk managers and governance bodies to challenge assumptions and strengthen stress-testing governance.

Skills

Market risk

Regulatory stress testing

Quantitative analytics

Scenario design

Python

Stakeholder influence

Regulatory communication

Education

Master's degree or PhD in Finance/ Economics/ Financial Engineering/ Mathematics

Tools

Python

Job description

State Street is seeking a Senior Specialist for Market Risk Stress Testing and Scenario Design to shape the firm's regulatory framework and vulnerability assessments during severe market events. You will develop and calibrate GMS and CCST scenarios, collaborating with Market Risk, Trading, Treasury, and Risk governance to deliver robust stress-testing results.

You will present methodologies and findings to regulators, governance committees, and senior leadership, ensuring sound judgment,