Quantitative Risk, VP

We are seeking an experienced quantitative analyst to join the Centralized Modeling & Analytics and Operations (CMAO) team within State Street’s Enterprise Risk Management (ERM) organization. CMAO provides analytics-based services and solutions to business units across State Street, creating value through data-driven solutions that enable timely and informed decisions.

Responsibilities

• Assume a key role in model methodology research, prototyping, and determination
• Develop and build financial models and analytics for the trading business using mathematical and computer science methods and tools
• Advance the existing codebase and propose new solutions and improvements
• Document development methodology, quantitative analysis, and implementation processes
• Design and implement an effective model ongoing monitoring plan, including performance metrics, thresholds, and escalation plans
• Work closely with control functions such as Model Risk Management, Audit, and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure
• Collaborate with business users and IT partners to establish production processes within the IT infrastructure
• Timely execute CCAR deliverables
• Support regular BAU risk management activities and proactively resolve issues

Requirements

• Master’s or PhD in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, Computer Science, or a related field)
• Minimum 8+ years of working experience in financial modeling as a key contributor
• Demonstrated knowledge and experience developing or validating VaR, PFE, and CVA models
• Demonstrated knowledge of derivatives, RMBS and equities pricing/modeling, yield curve building methodology, and interest rate modeling
• Advanced programming skills in Python and SQL
• Familiarity with CCAR regulatory frameworks is a plus
• Self-motivated with strong attention to detail
• Ability to work independently on complex projects and collaborate in a fast-paced, high-energy environment
• Strong verbal and written communication skills, with the ability to articulate ideas, analysis, and complex concepts to broad audiences
• Competence and confidence to gain credibility and collaborate across the organization

Benefits

• Retirement savings plan (401K) with company match
• Insurance coverage including medical, dental, vision, basic life, long-term disability, and other optional coverages
• Paid-time off including vacation, sick leave, short-term disability, and family care responsibilities
• Employee Assistance Program
• Incentive compensation including eligibility for annual performance-based awards
• Eligibility for certain tax-advantaged savings plans

Pay

$120,000 - $202,500 annual. The range applies to the primary location specified; if the candidate works outside this location, the applicable range may differ.