Quantitative Risk Analyst

This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Quantitative Risk Analyst (State Street Bank and Trust Company; Boston, MA) : This role will be part of the CMAO team focused on delivering modeling and analytics solutions to assess counterparty credit risk and market risk managed by State Street Global Markets ("SSGM"). The portfolio supported includes SSGM Financing Solutions including Agency Lending, Prime Services, Alternative Financing Solutions ("AFS") and Funding and Collateral Transformation ("FaCT"), FX and interest rate derivatives, Eligible Margin Loan in Global Credit Financing ("GCF") business. The role has significant impact on the BAU risk management as well as the regulatory CCAR requirement through complex deliverables. Specific duties include : assume a key role in model methodology research, prototyping and determination; develop and build out financial models and analytics for the trading business leveraging a wide variety of mathematical and computer science methods and tools; advance existing codebase and propose new solutions and improvements; document development methodology, quantitative analysis, and implementation process; design and implement suitable and effective model ongoing monitoring plan including performance metrics, thresholds, and escalation plan; work in close partnership with control functions such as Model Risk Management, Audit, and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure; collaborate with business users and IT partners to establish appropriate production processes within the IT infrastructure; timely execute CCAR deliverables; and support regular BAU risk management activities and proactively resolve issues. Hybrid telecommuting permitted pursuant to company policy.

Minimum requirements : Masters in Financial Mathematics, Financial Engineering, Mathematics, Statistics, Computer Science, or a related field and 5 years of working experience in financial modeling field as a key contributor.

Total experience above must include : 4 years of experience with stress testing model development and 3 years of Python programming experience.

Must also have : demonstrated ability to collaborate with third-party vendors to integrate, validate and enhance financial risk tools and ensure alignment with internal risk management framework; demonstrated knowledge and experience developing or validating VaR, PFE and CVA models; demonstrated knowledge on derivatives, RMBS and equities pricing / modeling, yield curve building methodology, interest rate modelling; advanced programming skills in statistical programming environment Python and SQL are required; self-motivated and attention to detail; demonstrated ability to work independently on complex projects as well as the ability to be a team player in a fast-paced, high-energy level environment; strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to broad audiences; and competence and confidence to gain credibility and collaborate for success across the organization.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes : our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans. For a full overview, visit https : / / hrportal.ehr.com / statestreet / Home

To apply to this position, you must click the "Apply" button on this page and complete the online application.

An EOE.

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Salary Range :

$107,500 - $160,000 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.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes : our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https : / / hrportal.ehr.com / statestreet / Home.

About State Street

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.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.

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