Full-Time

Senior Deposit Modeler

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$100k - $160kAnnually

Senior

Company Historically Provides H1B Sponsorship

Boston, MA, USA + 2 more

More locations: Stamford, CT, USA | Montclair, NJ, USA

Category
Risk Management
Finance & Banking
Required Skills
Python
Data Science
R
Data Analysis
Requirements
  • Master's degree or PhD in Physics, Engineering, Mathematics, Statistics, Economics, Finance or equivalent
  • 3+ years industry (or research) experience in data analytics working with financial markets time series data, big data and/or data quality assurance
  • 5+ years experience in deposit modeling and analytics in financial institutions (banks preferred)
  • Broad knowledge in financial instruments/markets and relevant experiences in liquidity stress testing, balance sheet forecasting, and interest rate risk (IRR) management with a major bank
  • Recent experiences in developing, enhancing, maintaining and implementing deposit models for regulatory purposes (e.g., ILST)
  • Proficiency in programming languages such as Python and R
Responsibilities
  • Develop, enhance and maintain liquidity risk focused deposit models (deposit runoff model, operational/excess deposit model, overdraft, fund finance, etc.) and provide analytical support to various use cases including but not limited to internal liquidity stress test (ILST)
  • Familiar with regulatory requirements and industry practice in liquidity stress testing such as regulated vs unregulated deposits, liquidity coverage ratio (LCR), net stable funding ratio (NSFR), highly liquid assets (HLA), and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to deposit modeling, asset liability management and liquidity risk management
  • Review and enhance methodologies including assumptions, segmentation and modeling choices in line with firm’s model risk management (MRM) guidelines
  • Work with model owners and stakeholders to test and verify key model assumptions
  • Review model outputs with properly justified opinions and judgments to capture forward-looking outlook
  • Participate in internal working groups and committee meetings for model development, implementation and reporting
  • Draft business requirements and implement internally developed models on risk analytical library platform
  • Streamline the existing modeling and analytical processes and improve execution efficiency to meet business needs
  • Partner with the three lines of defense functions, such as model risk management, global treasury risk management (GTRM), and Corporate Audit to ensure appropriate governance and control infrastructure for liquidity modeling
  • Prepare and present reports to model risk management, senior management and regulators such as Federal Reserve, OCC, FDIC, ECB, etc.

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 network and 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. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased ESG investing aligns with State Street's diversity and inclusion commitment.
  • Digital asset custody solutions present growth opportunities for State Street.
  • Expansion into emerging markets like India offers significant growth potential.

What critics are saying

  • Fintech competition could erode State Street's market share.
  • Integration challenges with Charles River Development may affect efficiency.
  • Geopolitical risks in India could impact State Street's expansion efforts.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in financial services.
  • State Street's global presence allows tailored solutions for diverse client needs.

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