State Street
Overview
Join to apply for the
Credit Risk Analytics AVP
role at
State Street . Assistant Vice President position based in New York/Jersey/Connecticut, US, within the Credit Risk Management Group of Enterprise Risk Management’s Financial Risk Organization. What You Will Be Responsible For
Work with credit risk modelers from Centralized Modeling, Analytics, and Operations Group (CMAO) to develop or enhance credit risk models (e.g., PD/LGD/EAD) used in processes such as CECL, BASEL, CCAR, and Quarterly Stress Testing. Review and verify model assumptions and limitations with credit risk modelers. Perform model executions for risk management processes and conduct output analysis with credit risk modelers, credit risk experts, and economists to ensure results align with economic scenarios and portfolio characteristics. Collaborate with CMAO for production cycle credit loss results of CECL/CCAR/Quarterly Stress Testing processes and model overlays. Conduct sensitivity analysis to evaluate the impact of input variations on credit risk metrics or model outputs and assess robustness of tools for intended usage scenarios. Conduct attribution analysis to identify and quantify the impact of factors on observed or forecasted outcomes. Document and present credit risk analysis to ensure traceability and transparency. Enhance automation within sub-processes to improve efficiency and reduce manual effort. Explore the use of advanced analytics or machine learning in credit risk management processes. What We Value
Strong passion and curiosity in risk management, especially in credit risk. Strong analytical and quantitative mindset; ownership and improvement of risk models and methodologies. Leadership and motivation skills with ability to lead a diverse, multi-level workforce and maintain urgency on evolving goals. Organizational skills to manage projects and priorities to meet business needs with minimal direction. Confident and clear communication with the ability to present analyses to various audiences. Education & Preferred Qualifications
PhD/Master in economics/mathematics/statistics/engineering or equivalent. Undergraduate training in mathematics and probability theory; knowledge of stochastic calculus is a plus. For Master’s Degree, 5+ years of credit risk modeling/analytics experience in a financial institution. Strong programming skills in Python/R/SQL/Power BI, etc. Strong English communication skills (written and oral). Experience collaborating with model development and analytical library teams and technology partners. Interest in applying statistics and econometric methodologies to credit risk modeling challenges in the financial industry. About State Street
State Street is a leading custodian bank, asset manager, and asset intelligence company. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. Inclusion and Benefits
We strive to create an inclusive work environment with competitive benefits, flexible work programs, development opportunities, and support for work-life balance. We value diverse backgrounds, experiences, and perspectives and promote community engagement. Equal Opportunity
State Street is an equal opportunity and affirmative action employer. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Salary Range
$110,000 - $170,000 Annual. The range may differ if the candidate works outside the primary location. Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. Violations may be subject to penalties. Job ID: R-770926
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Join to apply for the
Credit Risk Analytics AVP
role at
State Street . Assistant Vice President position based in New York/Jersey/Connecticut, US, within the Credit Risk Management Group of Enterprise Risk Management’s Financial Risk Organization. What You Will Be Responsible For
Work with credit risk modelers from Centralized Modeling, Analytics, and Operations Group (CMAO) to develop or enhance credit risk models (e.g., PD/LGD/EAD) used in processes such as CECL, BASEL, CCAR, and Quarterly Stress Testing. Review and verify model assumptions and limitations with credit risk modelers. Perform model executions for risk management processes and conduct output analysis with credit risk modelers, credit risk experts, and economists to ensure results align with economic scenarios and portfolio characteristics. Collaborate with CMAO for production cycle credit loss results of CECL/CCAR/Quarterly Stress Testing processes and model overlays. Conduct sensitivity analysis to evaluate the impact of input variations on credit risk metrics or model outputs and assess robustness of tools for intended usage scenarios. Conduct attribution analysis to identify and quantify the impact of factors on observed or forecasted outcomes. Document and present credit risk analysis to ensure traceability and transparency. Enhance automation within sub-processes to improve efficiency and reduce manual effort. Explore the use of advanced analytics or machine learning in credit risk management processes. What We Value
Strong passion and curiosity in risk management, especially in credit risk. Strong analytical and quantitative mindset; ownership and improvement of risk models and methodologies. Leadership and motivation skills with ability to lead a diverse, multi-level workforce and maintain urgency on evolving goals. Organizational skills to manage projects and priorities to meet business needs with minimal direction. Confident and clear communication with the ability to present analyses to various audiences. Education & Preferred Qualifications
PhD/Master in economics/mathematics/statistics/engineering or equivalent. Undergraduate training in mathematics and probability theory; knowledge of stochastic calculus is a plus. For Master’s Degree, 5+ years of credit risk modeling/analytics experience in a financial institution. Strong programming skills in Python/R/SQL/Power BI, etc. Strong English communication skills (written and oral). Experience collaborating with model development and analytical library teams and technology partners. Interest in applying statistics and econometric methodologies to credit risk modeling challenges in the financial industry. About State Street
State Street is a leading custodian bank, asset manager, and asset intelligence company. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. Inclusion and Benefits
We strive to create an inclusive work environment with competitive benefits, flexible work programs, development opportunities, and support for work-life balance. We value diverse backgrounds, experiences, and perspectives and promote community engagement. Equal Opportunity
State Street is an equal opportunity and affirmative action employer. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Salary Range
$110,000 - $170,000 Annual. The range may differ if the candidate works outside the primary location. Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. Violations may be subject to penalties. Job ID: R-770926
#J-18808-Ljbffr