Senior Market Risk: Stress Testing & Scenario Design

State Street; Stamford (CT); On-site; USD 120,000 - 203,000; Full time

Benefits offered by this job

401K with company match

Health, dental, vision, LTD

Paid time off

Job summary

State Street is seeking a Senior Specialist for Market Risk Stress Testing and Scenario Design to help shape the firm’s regulatory stress testing framework. You will design, govern, and evolve GMS and CCST scenarios, collaborating with Portfolio Risk, Trading, Finance, and Model Risk teams to ensure robust risk assessments.

You will lead quantitative analysis, develop innovative tools, and present methodologies to regulators and senior leadership, strengthening stress-testing governance across

Qualifications

• Master's degree or PhD in a quantitative field such as Finance, Economics, Financial Engineering, Mathematics, Statistics, Physics, or related discipline.
• 5+ years of experience in market risk, stress testing, quantitative analytics, or related areas within large financial institutions or regulators.

Responsibilities

• Develop and calibrate Global Market Shock (GMS) and Counterparty Credit Stress Testing (CCST) scenarios.
• Influence stress testing approaches by identifying emerging risks and translating market developments into scenarios and loss estimates.
• Drive methodology development across thousands of risk factors ensuring robustness and regulatory alignment.
• Apply quantitative analysis, historical market research, and expert judgment to evaluate scenario severity and benchmark assumptions.
• Partner with risk managers and senior stakeholders to challenge assumptions and strengthen governance.

Skills

Python programming

Quantitative analytics

Stress testing

Regulatory risk

Stakeholder influence

Regulatory frameworks

Cross-asset risk

Education

Master's degree in Finance or related field

PhD in related quantitative discipline

Job description

State Street is seeking a Senior Specialist for Market Risk Stress Testing and Scenario Design to help shape the firm’s regulatory stress testing framework. You will design, govern, and evolve GMS and CCST scenarios, collaborating with Portfolio Risk, Trading, Finance, and Model Risk teams to ensure robust risk assessments.

You will lead quantitative analysis, develop innovative tools, and present methodologies to regulators and senior leadership, strengthening stress-testing governance across