Quantitative Risk, Vice President

Who we are looking for

An experienced professional with a strong technical and quantitative aptitude to act as Quantitative Risk Vice President. This role will report to senior model validation lead, within Model Risk Management Department.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Quantitative Risk, Vice President you will:

• Lead a team under the supervision of senior model validation lead to conduct model validation activities:

• Perform validations on models such as market risk, counterparty credit risk, trading algo and compliance risk ( such as AML)  models.

• Understand regulatory requirement such as Basel, CCAR and AML and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to market risk, counterparty credit risk, trading algo and compliance risk models.

• Streamline the existing validation and analytical process and improve execution efficiency to meet business needs

• Perform deep analysis on large scale datasets through applying statistical analysis or machine learning approaches.

• Conduct quantitative analysis to evaluate and quantify risks of various models.

• Communicate with model developers and business to relay the issues and feedback and capture the action plans.

• Prepare and present required reports/reviews to management and regulators.

What we value

These skills will help you succeed in this role

• Strong analytical and quantitative mindset and Skills; ability to take ownership and improve on existing validation process

• Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives

• Organizational strengths: ability to organize resources, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction

• Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate,  when needed

• Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments

• Talent manager: ability to quickly assess strengths and weaknesses of team members at all levels, and to identify developing talent and nurture accordingly.

Education & Preferred Qualifications

• Master or PHD degree in a quantitative disciplines (e.g. Finance, Statistics, Economics, Mathematics, Computer Science / Engineering, software engineering or equivalents). PhD is preferred

• 8+ years of experience in quantitative analytics including model development or independent model validation in a financial institution.

• Demonstrated solid knowledge and proficient understanding of industrial best practices of quantitative analytics in market risk, counterparty credit risk, trading algo and compliance risk models.  Demonstrated modeling and analytical process engineering capabilities.

• Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as Basel and CCAR, AML

• Proven interpersonal and communication skills. Demonstrated ability to understand, visualize and communicate quantitative results to non-quant subject matter expert audiences; Proven experience leading a group of quantitative analysts with a moderate to large scope of responsibility

Salary Range:

$120,000 - $202,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

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.