Full-Time

Quantitative Risk

Avp

Posted on 9/11/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Compensation Overview

$100k - $160k/yr

Junior, Mid

Company Historically Provides H1B Sponsorship

Boston, MA, USA + 1 more

More locations: Montclair, NJ, USA

Category
Quantitative Analysis
Quantitative Research
Quantitative Finance
Required Skills
Python
Connection
Connection
Connection
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Requirements
  • Master’s degree or PhD degree in quantitative discipline
  • At least 2 years of quantitative modeling experience in a financial institution
  • Demonstrated experience with advanced proficient programming skill in Python and databases.
  • Demonstrated the pricing and modeling knowledge of broad capital market products such as mortgage, bonds, equities, FX derivatives etc
  • Proven solid ability working with large and complex data sets including relational databases and complex queries
  • Proven ability to communicate complex concepts to broad audiences, with strong verbal and written communication skills
  • 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
  • Working knowledge of RiskMetrics and CCAR process is a plus
  • Ownership mindset is a must
Responsibilities
  • Own key models to measure counterparty exposures, which require continuous monitor and improvement.
  • Own part of annual CCAR process and quarterly stress test process
  • Monitor model performance daily and quickly find a solution to fix model failure.
  • Develop and evaluate financial models based on finance fundamentals and market data.
  • Analyze business processes to identify data needs for modeling.
  • Apply statistical programming skills to analyze market data.
  • Prepare precise technical documentation describing processes, pricing and risk methodologies, defend and conduct ongoing monitoring of model performance.
  • Work closely with risk managers, MVG, auditors and IT teams for the model development and regulatory report
  • Complete ad hoc assignments as needed

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, by leveraging its global expertise to deliver customized financial solutions. State Street generates revenue through management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Unlike many competitors, State Street emphasizes innovation and leadership, actively promoting gender diversity and inclusion within its workforce. The company's goal is to create a supportive environment that fosters leadership and emotional authenticity, enabling all employees to succeed.

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased ESG investing aligns with State Street's focus on sustainable solutions.
  • Digital assets and cryptocurrencies present new growth opportunities for custody services.
  • AI integration enhances operational efficiency in investment management and trading.

What critics are saying

  • Competition from fintechs may erode market share in asset management.
  • Mizuho acquisition could pose integration challenges and operational risks.
  • Investments in AI firms may expose State Street to technology adoption risks.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to innovation and leadership in diversity and inclusion.
  • State Street Global Advisors offers tailored investment solutions to meet unique client needs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus

Company News

ETF Daily News
Apr 26th, 2025
Cerity Partners LLC Invests $164,000 in Palladyne AI Corp. (NASDAQ:PDYN)

State Street Corp acquired a new stake in Palladyne AI during the third quarter worth approximately $91,000.

ETF Daily News
Apr 11th, 2025
Arrowstreet Capital Limited Partnership Purchases 34,508 Shares of Life360, Inc. (NASDAQ:LIF)

State Street Corp acquired a new stake in Life360 in the 3rd quarter valued at $2,393,000.

ETF Daily News
Mar 19th, 2025
Monogram Orthopaedics (NASDAQ:MGRM) Given New $5.40 Price Target at Roth Mkm

Finally, State Street Corp purchased a new stake in Monogram Orthopaedics in the third quarter worth $62,000.

Finance Director Europe
Mar 18th, 2025
Nammu21 announces strategic investments from Nasdaq Ventures, State Street, and UBS

With fully automated technology, Nammu21 streamlines loan operations, improves productivity by eliminating the inefficiencies of manual inputs across legacy operating systems

MarketBeat
Mar 15th, 2025
Raymond James Financial Inc. Invests $44.07 Million in State Street Co. (NYSE:STT)

Raymond James Financial Inc. invests $44.07 million in State Street Co. (NYSE:STT).

INACTIVE