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Full-Time

Senior Deposit Modeler

Assistant Vice President

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

Boston, MA, USA + 2 more

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

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
Management
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 provides asset management and custody banking services to institutional investors, including mutual funds and pension funds. Its division, State Street Global Advisors, manages investment portfolios and offers advisory services tailored to clients' financial goals. The company distinguishes itself through its commitment to innovation and promoting diversity and inclusion within its workforce. State Street aims to deliver high-quality financial services while fostering a supportive and inclusive culture.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.