Analyst (Quant. Risk)

State Street•Boston, MA

5d•$90,000 - $180,000•Hybrid

About The Position

Model Risk Governance Platform Product Developer/Analyst; State Street Bank and Trust Company; Boston, MA: The Model Risk Governance Platform Product Developer/Analyst will be a member of the Model Risk Management (“MRM”) team, which is part of Enterprise Risk Management reporting to Head of Model Risk Management Technology. The MRM team has responsibility for management of model risk across the entirety of State Street, including the maintenance of the model inventory and related processes, controls, technology and reporting. The person will be expected to bring their knowledge of data analysis and quantitative methods to enhance the current Model Risk Management platform and process. Specific duties of the position include: Designing, maintaining, and supporting the MRM Platform, updating existing/adding workflow designs and assisting in expanding the capabilities of the technological solution; Building and maintaining software lifecycle deliverables, including requirements definition, design, construction, and testing of new and enhanced functionality; Building and maintaining Model Risk Monitoring reports and contributing to reporting strategy, design and delivery; Designing, building, and maintaining user management and user access control systems for MRM Platform; Working with functional owners and IT team to maintain and enhance source information systems; Performing ad-hoc reporting as required; and Participating in user training and support to help drive adoption of reports and analytics tools among report consumers. Hybrid-remote telecommuting permitted pursuant to Company policy.

Requirements

Master’s degree in Computer Science, Data Science or a related technical field or its equivalent and 4 years of experience in Financial Industry.
Must have 1 year of experience in each of the following (experience may be gained concurrently): Model Risk Management; Designing, maintaining, and supporting the SAS MRM Platform, updating existing/adding workflow designs and assisting in expanding the capabilities of the technological solution; Designing, building, and maintaining user management and user access control systems for SAS MRM Platform
Demonstrated experience in working with SAS Studio, SAS Workflow Manager
Demonstrated experience in working with SAS Management Console in implementing access control
Demonstrated experience with SQL, Groovy and SAS
Demonstrated experience in integrating LLM Model APIs with SAS MRM Platform
Proven knowledge of Models, Model Validation Process and Model Risk Management (SR 11-7)
Demonstrated experience with Python, or R
Demonstrated experience in SDLC process, GIT, GitHub and Knowledge of AI/ML Models and Risk Management Process
Ability to work with Global Team consists of IT, QA, Model Validators and Model Owners

Responsibilities

Designing, maintaining, and supporting the MRM Platform, updating existing/adding workflow designs and assisting in expanding the capabilities of the technological solution
Building and maintaining software lifecycle deliverables, including requirements definition, design, construction, and testing of new and enhanced functionality
Building and maintaining Model Risk Monitoring reports and contributing to reporting strategy, design and delivery
Designing, building, and maintaining user management and user access control systems for MRM Platform
Working with functional owners and IT team to maintain and enhance source information systems
Performing ad-hoc reporting as required
Participating in user training and support to help drive adoption of reports and analytics tools among report consumers

Benefits

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.
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks

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