Model Risk Audit, Avp

State Street

Boston, Massachusetts, United States
Base: $80,000 - $140,000 annual; bonus/equity: eli...
Hybrid
Model risk audit experience
Sr 11-7 regulatory guidance knowledge
Audit planning and testing execution
The role involves leading model risk audits across credit, market, liquidity, and financial crimes domains while ensuring compliance with regulatory standards like SR 11-7

Job Summary

  • The role involves leading model risk audits across credit, market, liquidity, and financial crimes domains while ensuring compliance with regulatory standards like SR 11-7.
  • Candidates must possess a Master's degree in a quantitative field and have at least five years of experience in model development, validation, or auditing within financial institutions.
  • State Street offers a competitive salary range of $80,000 to $140,000 along with comprehensive benefits including retirement matching, insurance coverage, and flexible work programs.

Matching Summary

The role involves leading model risk audits across credit, market, liquidity, and financial crimes domains while ensuring compliance with regulatory standards like SR 11-7.

Salary

Base: $80,000 - $140,000 Annual; Bonus/Equity: Eligible for annual performance-based awards; Benefits: 401K match, medical/dental/vision, paid-time off, volunteer days

Skills & Requirements

Must-have

  • Model risk audit experience
  • SR 11-7 regulatory guidance knowledge
  • Audit planning and testing execution
  • Financial services industry background
  • Quantitative finance or statistics degree

Nice-to-have

  • CFA or FRM certification preferred
  • Python or R programming skills
  • AI application risk assessment
  • Cross-training staff capabilities
  • Global stakeholder relationship building

Key Requirements

  • Master's degree in quantitative finance, statistics, or mathematics
  • 5+ years experience in financial institution model auditing or validation
  • Working knowledge of statistical programming languages like R or Python
  • Experience with financial products such as derivatives, FX, or custody
  • CFA or FRM certification (preferred)

Work Rights

Not specified

Tailored Resume

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