Background

The Centralized Modeling & Analytics and Operations(CMAO) team within State Street’s Enterprise Risk Management (ERM) organization is looking for an experienced quantitative analyst to join our team.

The CMAO ​​organization provides analytics based services and solutions to business units across State Street. Our mission is to create value through data driven solutions enabling ​State Street and our business partners to make timely and informed decisions.

Responsibilities

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.

This role will:

• 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
• Support regular BAU risk management activities and proactively resolve issues

Requirements

• Masters’ or PhD in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, Computer Science, or a related field). Experience in machine learning is a plus
• Minimum 2 years of working experience in financial modeling field as a key contributor is preferred
• 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
• Familiarity with CCAR regulatory frameworks and the corresponding requirements is a plus
• 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
• Competence and confidence to gain credibility and collaborate for success across the organization

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:

$70.000 - $115.000 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.

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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