Talent.com
Quantitative Risk Director, Vice President
Quantitative Risk Director, Vice PresidentState Street Corporation • Boston, MA, United States
[error_messages.no_longer_accepting]
Quantitative Risk Director, Vice President

Quantitative Risk Director, Vice President

State Street Corporation • Boston, MA, United States
[job_card.variable_days_ago]
[job_preview.job_type]
  • [job_card.full_time]
[job_card.job_description]

Who we are looking for

An experienced professional with a strong technical and quantitative aptitude to act as Quantitative Risk Director, Vice President. This role will report to senior model validation lead, within Model Risk Management Department.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Quantitative Risk, VP you will

  • Lead a team under the supervision of senior model validation lead to conduct model validation activities :

Perform validations on models such as credit risk, market risk, climate risk, portfolio management, pricing, investment risk and AI models.

  • Understand regulatory requirement such as Basel, CECL, IFRS9, CCAR, ICAAP and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to credit risk, market risk, investment risk, climate risk and AI.
  • Streamline the existing validation and analytical process and improve execution efficiency to meet business needs
  • Perform deep analysis on large scale datasets through applying statistical analysis or machine learning approaches.
  • Conduct quantitative analysis to evaluate and quantify risks of various models.
  • Communicate with model developers and business to relay the issues and feedback and capture the action plans.
  • Prepare and present required reports / reviews to management and regulators.
  • What we value

    These skills will help you succeed in this role

  • Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
  • Energetic / motivator : an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
  • Organizational strengths : an ability to organize resources, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
  • Confidence : a self-assured, experienced and knowledgeable individual able to quickly garner support for his / her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
  • Communicator : clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness
  • Talent manager : an ability to quickly assess strengths and weaknesses of team members at all levels, and ability to identify developing talent and nurture accordingly.
  • Education & Preferred Qualifications

  • Master or PHD degree in a quantitative disciplines (e.g. Finance, Statistics, Economics, Mathematics, Computer Science / Engineering, software engineering or equivalents). PhD is preferred
  • 8+ years of experience in quantitative analytics including model development or independent model validation in a regulatory financial institution.
  • Demonstrated solid knowledge of fixed income market or wholesale credit market and proficient understanding of industrial best practices of quantitative analytics in Credit Risk, or Market risk.
  • Demonstrated modeling and analytical process engineering capabilities.
  • Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as Basel, CECL, IFRS9, stress testing and CCAR
  • Proven interpersonal and communication skills. Demonstrated ability to understand, visualize and communicate quantitative results to non-quant subject matter expert audiences; Proven experience leading a group of quantitative analysts with a moderate to large scope of responsibility
  • About State Street

    What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

    Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

    Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

    State Street is an equal opportunity and affirmative action employer.

    Discover more at StateStreet.com / careers

    Salary Range :

    $140,000 - $222,500 Annual

    The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, 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 or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

    State Street's Speak Up Line

    [job_alerts.create_a_job]

    Vice President Risk • Boston, MA, United States

    [internal_linking.similar_jobs]
    Senior Portfolio Compliance Director (CRD)

    Senior Portfolio Compliance Director (CRD)

    Loomis, Sayles & Company • Boston, MA, United States
    [job_card.full_time]
    A leading asset management firm in Boston is seeking a Director of Portfolio Compliance.This role is crucial for ensuring compliance with client guidelines using the Charles River Compliance System...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    Director, Liquidity Risk

    Director, Liquidity Risk

    KPMG US • Boston, MA, United States
    [job_card.full_time]
    The KPMG Advisory practice is currently our fastest growing practice.We are seeing tremendous client demand, and looking forward we do not anticipate that slowing down. In this ever-changing market ...[show_more]
    [last_updated.last_updated_30] • [promoted]
    Director - Enterprise Risk

    Director - Enterprise Risk

    MFS Investment Management • Boston, MA, United States
    [job_card.full_time]
    At MFS, you will find a culture that supports you in doing what you do best.Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual.We put pe...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    Assistant Director, Risk Analysis

    Assistant Director, Risk Analysis

    Public Company Accounting Oversight Board • Boston, MA, United States
    [job_card.full_time]
    Join us and make a difference in global investor protection.The Public Company Accounting Oversight Board (PCAOB), a nonprofit organization established by Congress, oversees the audits of public co...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    VP | Director

    VP | Director

    SLR Credit Solutions • Boston, MA, United States
    [job_card.full_time]
    Private Credit (Underwriting, Portfolio Management & Workouts).Reports To : Head of Underwriting & Portfolio.The VP | Director will play a key role across underwriting, portfolio management, and wor...[show_more]
    [last_updated.last_updated_30] • [promoted]
    Vice President, Financial Risk Management

    Vice President, Financial Risk Management

    Boston Medical Center (BMC) • Boston, MA, United States
    [job_card.full_time]
    Vice President, Financial Risk Management.Vice President, Financial Risk Management.Boston Medical Center Health System (BMCHS) is a ~$6 billion integrated academic health care system whose purpose...[show_more]
    [last_updated.last_updated_30] • [promoted]
    Vice President, Quantitative Product Manager

    Vice President, Quantitative Product Manager

    Fynetra • Boston, MA, United States
    [job_card.full_time]
    Vice President, Quantitative Product Manager.Are you ready to shape the future of quantitative products in private markets? We’re looking for a. Vice President, Quantitative Product Manager.If you t...[show_more]
    [last_updated.last_updated_30] • [promoted]
    Director - Enterprise Risk

    Director - Enterprise Risk

    MFS International Australia Pty Ltd • Boston, MA, United States
    [job_card.full_time]
    Director - Enterprise Risk page is loaded## Director - Enterprise Risklocations : Bostontime type : Full timeposted on : Posted Todayjob requisition id : MFS-231544At MFS, you will find a cultu...[show_more]
    [last_updated.last_updated_variable_days] • [promoted]
    VP of Quant Optimization Technology & Portfolio Innovation

    VP of Quant Optimization Technology & Portfolio Innovation

    Soteria Reinsurance Ltd. • Boston, MA, United States
    [job_card.full_time]
    A leading financial services company in Boston seeks a VP, Quant Optimization Technology to lead a tech team in developing a comprehensive portfolio optimization ecosystem.Candidates should have a ...[show_more]
    [last_updated.last_updated_30] • [promoted]
    Vice President and Director, Global and Emerging Risks Research Division

    Vice President and Director, Global and Emerging Risks Research Division

    RAND Corporation • Boston, MA, United States
    [job_card.full_time]
    RAND Global and Emerging Risks brings together the world's leading experts, scholars, strategists, and practitioners to understand, prepare, and address rapid advance of artificial intelligence, gr...[show_more]
    [last_updated.last_updated_variable_days] • [promoted]
    VP, Global & Emerging Risks Research Leader

    VP, Global & Emerging Risks Research Leader

    RAND • Boston, MA, United States
    [job_card.full_time]
    A leading non-profit research organization is seeking a Vice President to lead the Global and Emerging Risks division.The role involves setting the strategic vision, overseeing research and partner...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    Senior Credit Risk Director - Strategy & Growth

    Senior Credit Risk Director - Strategy & Growth

    PwC Experience Center Stockholm • Boston, MA, United States
    [job_card.full_time]
    A global consulting firm in Boston seeks a Director for its Risk & Regulatory Advisory team.This role entails advising clients on financial risk management, optimizing credit processes, and mentori...[show_more]
    [last_updated.last_updated_30] • [promoted]
    VP, Tech Risk and Controls

    VP, Tech Risk and Controls

    Boston Staffing • Boston, MA, US
    [job_card.full_time]
    Vp Of Technology Risk And Controls.Ready to be pushed beyond what you think you're capable of? At Coinbase, our mission is to increase economic freedom in the world. It's a massive, ambitious opport...[show_more]
    [last_updated.last_updated_variable_days] • [promoted]
    SVP, Global Head of Risk

    SVP, Global Head of Risk

    Flywire • Boston, Massachusetts, United States
    [job_card.full_time]
    Job Description The Opportunity We’re looking for an SVP, Head of Global Risk to lead the next evolution of Flywire’s end‑to‑end risk sophistication, as we expand into new markets and products.Our ...[show_more]
    [last_updated.last_updated_1_day] • [promoted]
    Vice President, Financial Risk Management

    Vice President, Financial Risk Management

    BMC Software • Boston, MA, US
    [job_card.full_time]
    Vice President Of Financial Risk Management.Boston Medical Center Health System (BMCHS) is a ~$6 billion integrated academic health care system whose purpose is to transform the outcomes of lower i...[show_more]
    [last_updated.last_updated_variable_days] • [promoted]
    Director, Risk Evaluation & Mitigation Strategy (REMS)

    Director, Risk Evaluation & Mitigation Strategy (REMS)

    Agios Pharmaceuticals • Cambridge, MA, United States
    [job_card.full_time]
    Director, Risk Evaluation & Mitigation Strategy (REMS).At Agios, we are fueled by connections to transform rare diseases. We foster an inclusive, collaborative culture - one that sparks bold thinkin...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    Fund Accounting Controls VP — Risk & Compliance Leader

    Fund Accounting Controls VP — Risk & Compliance Leader

    JPMorganChase • Boston, MA, United States
    [job_card.full_time]
    A leading financial institution is seeking a Control Manager in Boston, MA.The role involves assessing and mitigating operational risks while driving efficiency through effective communication and ...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]
    VP, Asset and Ratings Surveillance

    VP, Asset and Ratings Surveillance

    Global Atlantic • Boston, MA, United States
    [job_card.full_time]
    VP, Asset and Ratings Surveillance.Be among the first 25 applicants.VP, Asset and Ratings Surveillance.Get AI-powered advice on this job and more exclusive features. Global Atlantic is a leading pro...[show_more]
    [last_updated.last_updated_variable_hours] • [promoted] • [new]