State Street Corporation
Markets Senior Quantitative Analyst, Vice President
State Street Corporation, Boston, Massachusetts, us, 02298
Overview
If you think you are the right match for the following opportunity, apply after reading the complete description. Markets Senior Quantitative Analyst, Vice President – Boston. State Street Markets (SSM) is looking for a Markets Senior Quantitative Analyst, Vice President to join the SSM Model Risk team in Boston. The SSM Model Risk team provides solutions to SSM business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, Global Link, State Street Associates, and SSM Market Surveillance, addressing Model Risk requirements from internal oversight functions and external regulators.
Responsibilities
Development, review, and documentation of front office models within different SSM business units
Justifying modeling assumptions and model results to internal model validation group
Preparation and delivery of engagement status updates to key stakeholders
Workflow management to ensure deliverables are prepared according to their timelines
Lead the execution of engagement-specific statistical / financial modeling and analyses, and in preparation of final model deliverables
Lead on supporting SSM Risk and Capital Optimization team on quantitative analyses related to monitoring, forecasting and remediation of risk and regulatory resources
Assume a key role in developing customized solutions to perform independent model testing, document the development methodology and implementation process
Establish, based on class of model considered, appropriate benchmarking and back-testing techniques that reflect the main model’s purpose, horizon, hedging implications and other factors relevant for holistic assessment of model performance
Identify key model risks by stress testing model inputs and parameters
Demonstrate the stability of the model over a variety of alternate specifications and input values; evaluate extreme values for inputs to identify boundaries of model effectiveness
Collaborate with the model owner in designing and implementing an effective model ongoing monitoring plan including performance metrics, thresholds, and escalation plan
Develop comprehensive first line of defense documentation including model development, implementation, and ongoing monitoring documents
Work with model owners and developers on updating models to meet requirements from internal model validation group
Work on AI and GenAI related projects
Conduct post-implementation review of SSM proprietary trading algos, including: review code and strategy changes for compliance with expectations and FX Global Code
Independent testing of selected key components of trading algos
Communication with quants and developers to understand strategy changes
Justifying modeling assumptions and model results to internal model validation group and external regulators
Preparation and delivery of engagement status updates to key stakeholders
Qualifications
Strong understanding of quantitative analysis methods in relation to financial institutions
Advanced programming skills in at least one supported statistical programming environment (Python, R, or MATLAB), with intermediate programming skills in VBA and other languages. Java experience is a plus
Knowledge of financial markets (securities lending, equities and derivatives, FX or electronic trading, etc.) is a plus
High level understanding of capital and liquidity related regulations
A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment
Strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to individuals from various backgrounds
Ability to facilitate discussions and resolve conflicts between stakeholders with competing interests
Graduate degree in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, or a related field)
5 to 8 years of working experience in model risk field preferred
Are you the right candidate? Yes!
About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect medical care, insurance and savings plans, flexible Work Programs, and development programs to help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We believe our employees’ diverse backgrounds and perspectives contribute to an inclusive environment. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We offer tools to balance professional and personal life, paid volunteer days, and employee networks.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
120,000 - $187,500 Annual
The range quoted above applies to the role in the location specified. If the candidate would work outside of that location, the applicable range could differ.
Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
About Us. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
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If you think you are the right match for the following opportunity, apply after reading the complete description. Markets Senior Quantitative Analyst, Vice President – Boston. State Street Markets (SSM) is looking for a Markets Senior Quantitative Analyst, Vice President to join the SSM Model Risk team in Boston. The SSM Model Risk team provides solutions to SSM business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, Global Link, State Street Associates, and SSM Market Surveillance, addressing Model Risk requirements from internal oversight functions and external regulators.
Responsibilities
Development, review, and documentation of front office models within different SSM business units
Justifying modeling assumptions and model results to internal model validation group
Preparation and delivery of engagement status updates to key stakeholders
Workflow management to ensure deliverables are prepared according to their timelines
Lead the execution of engagement-specific statistical / financial modeling and analyses, and in preparation of final model deliverables
Lead on supporting SSM Risk and Capital Optimization team on quantitative analyses related to monitoring, forecasting and remediation of risk and regulatory resources
Assume a key role in developing customized solutions to perform independent model testing, document the development methodology and implementation process
Establish, based on class of model considered, appropriate benchmarking and back-testing techniques that reflect the main model’s purpose, horizon, hedging implications and other factors relevant for holistic assessment of model performance
Identify key model risks by stress testing model inputs and parameters
Demonstrate the stability of the model over a variety of alternate specifications and input values; evaluate extreme values for inputs to identify boundaries of model effectiveness
Collaborate with the model owner in designing and implementing an effective model ongoing monitoring plan including performance metrics, thresholds, and escalation plan
Develop comprehensive first line of defense documentation including model development, implementation, and ongoing monitoring documents
Work with model owners and developers on updating models to meet requirements from internal model validation group
Work on AI and GenAI related projects
Conduct post-implementation review of SSM proprietary trading algos, including: review code and strategy changes for compliance with expectations and FX Global Code
Independent testing of selected key components of trading algos
Communication with quants and developers to understand strategy changes
Justifying modeling assumptions and model results to internal model validation group and external regulators
Preparation and delivery of engagement status updates to key stakeholders
Qualifications
Strong understanding of quantitative analysis methods in relation to financial institutions
Advanced programming skills in at least one supported statistical programming environment (Python, R, or MATLAB), with intermediate programming skills in VBA and other languages. Java experience is a plus
Knowledge of financial markets (securities lending, equities and derivatives, FX or electronic trading, etc.) is a plus
High level understanding of capital and liquidity related regulations
A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment
Strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to individuals from various backgrounds
Ability to facilitate discussions and resolve conflicts between stakeholders with competing interests
Graduate degree in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, or a related field)
5 to 8 years of working experience in model risk field preferred
Are you the right candidate? Yes!
About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect medical care, insurance and savings plans, flexible Work Programs, and development programs to help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We believe our employees’ diverse backgrounds and perspectives contribute to an inclusive environment. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We offer tools to balance professional and personal life, paid volunteer days, and employee networks.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
120,000 - $187,500 Annual
The range quoted above applies to the role in the location specified. If the candidate would work outside of that location, the applicable range could differ.
Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
About Us. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
J-18808-Ljbffr
#J-18808-Ljbffr