Pricing and XVA Analyst, Vice President (oniste)

State Street • Boston, MA

116d • $120,000 - $187,500

About The Position

State Street Markets (“SSM”) is looking for an Vice President to join the SSM Risk and FRM team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, and Global Link. Additionally, the team performs Financial Resource Management, covering allocation, monitoring, and optimization of capital, funding, and liquidity. The Global Markets Pricing and Analytics team sits within SSM Risk and FRM. As SSM expands its product offerings and adapts to evolving regulatory requirements, the team has taken on a strategic function in centralizing pricing model development, supporting regulatory compliance initiatives such as FRTB, and overseeing the measurement and management of XVA exposures. This work is carried out in close collaboration with trading desks, SSM senior management, Enterprise Risk Management (ERM), Global Treasury, and external regulators, ensuring that pricing and analytics practices are aligned with industry standards and internal governance expectations. In this role you will contribute to the development and refinement of pricing and exposure models, supporting the team’s efforts to deliver scalable, high-performance pricing analytics across Markets products.

Requirements

• Strong coding skills in Python, C++, or Java, with experience in building and maintaining pricing libraries
• 5–8 years of experience in capital markets or quantitative development
• Solid understanding of financial modeling for FX, Fixed Income, and Derivatives
• Familiarity with platforms like Murex, Algorithmics, and cloud-native analytics tools
• Experience in building quant solutions using open source frameworks such as QuantLib or OpenGamma
• Ability to translate quantitative models into production-ready code
• Strong communication and collaboration skills across technical and business teams
• Comfort working in agile, fast-paced environments
• Master’s or PhD in Computer Science, Financial Engineering, Mathematics, or Physics

Nice To Haves

• Professional certifications such as CFA or FRM are a plus

Responsibilities

• Assist in pricing and exposure modeling for Delta One FX products and XVA components including CVA, KVA, and FVA
• Help prototype and validate pre-trade pricing logic for trading platforms, contributing to XVA integration across Markets businesses
• Collaborate on pricing model enhancements for Interest Rate Swaps, FX Options, and Equity TRS by translating business needs into clean, testable code
• Support ERM quants in aligning simulation frameworks with pricing model inputs
• Partner with Market Risk to help ensure sensitivities like FX Delta, DV01, and Greeks are accurately reflected in the risk limit framework
• Help generate model outputs that support P&L attribution and explain risk factor behavior
• Partner with the SSM technology teams in implementing pricing and valuation models and support their validation during user acceptance testing

Benefits

• Generous medical care
• Insurance and savings plans
• Flexible Work Programs
• Development programs and educational support
• Paid volunteer days
• Matching gift programs
• Access to employee networks

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Master's degree
• Number of Employees: 5,001-10,000 employees