State Street

Asset Management

QuantitativeRiskAnalyst,ModelRiskManagement,AssistantVicePresident

$90–158k Boston, Massachusetts, United States FULL TIME Remote Friendly
The Brief

“Quantitative Risk Analyst, Model Risk Management, Assistant Vice President at State Street. Skills: Model Validation, Quantitative Risk, Risk Management. Conduct model validation. Identify model risks”

Industry & Context.

Asset Management
Problems you'll solve

Analytical skills

What They're Looking For.

Must Have

MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field, Excellent quantitative modeling, analytical, research, and programming skills, Deep knowledge of economic theory and empirical finance, understanding of the asset management business and its modeling philosophy, Proven ability to leverage LLMs/GenAI or their applications, Solid understanding of Model Risk Management Framework including SR 11-7, written and verbal communication skills, project management skills

What You'll Do.

Conduct model validation

Review model workflow

Challenge model methodology

Evaluate model performance

Collaborate with stakeholders

Evaluate remediation submissions

How You'll Work.

Team & Collaboration

Collaborate with portfolio managers; Collaborate with traders; Collaborate with researchers; Collaborate with model developers; Collaborate with IT; Collaborate with Corporate Model Risk Management

Communication Scope

Written communication skills; Verbal communication skills

Process & Methodology

Work independently on multiple projects, Meet deadlines

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