Quantitative Risk Analyst, Assistant Vice President

State Street

Boston, MA, United States
Base: $110,000 - $177,500 annual; bonus/equity: no...
Quantitative modeling and programming skills
Model risk management framework expertise
Experience with asset management products
The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business

Job Summary

  • The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business.
  • Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plans, insurance coverage, paid time off, and incentive compensation.
  • State Street is committed to fostering an inclusive environment where every employee feels valued and empowered to reach their full potential.

Matching Summary

The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business.

Salary

Base: $110,000 - $177,500 Annual; Bonus/Equity: Not specified; Benefits: Comprehensive benefits program including 401K with company match, insurance, paid time off, and incentive compensation

Skills & Requirements

Must-have

  • Quantitative modeling and programming skills
  • Model Risk Management Framework expertise
  • Experience with asset management products
  • Model validation and independent review
  • Strong project management skills

Nice-to-have

  • Collaboration with cross-functional teams
  • Knowledge of economic theory and empirical finance
  • Use of LLMs/GenAI in model review
  • Strong written and verbal communication
  • Understanding of regulatory guidance SR 11-7

Key Requirements

  • MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math or related field
  • Proven ability to leverage LLMs/GenAI applications
  • Strong understanding of Model Risk Management Framework including SR 11-7
  • Experience in credit, liquidity, market, operational risk and stress testing

Work Rights

Not specified

Tailored Resume

Cover Letter