Quantitative Analyst, Assistant Vice President

State Street • Boston, MA

4d • $90,000 - $157,500

About The Position

Centralized Modeling, Analytics and Operations (CMAO), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced and highly motivated professional with strong quantitative, problem-solving, and communication skills. The primary focus for the position will be to develop quantitative models and tools to assess and analyze risks associated with State Street’s investment portfolio which consists of various fixed income securities. The individual must have hands-on experience in quantitative modeling with strong programming skills in Python and R, and possess excellent verbal and written communication skills for interactions within CMAO.

Requirements

• Master’s degree or PhD degree in quantitative discipline
• At least 3 years of quantitative modeling experience in a financial institution
• In-depth understanding of statistics, econometrics, multivariate regressions, machine learning and other quantitative finance topics
• Advanced proficiency in using Python and R to perform large dataset analysis and build quantitative models
• Solid knowledge in financial markets and fixed income products
• Demonstrated experience in credit risk management, interest rate risk and/or asset liability management.
• Ability to communicate complex concepts to broad audiences, with strong verbal and written communication skills
• Competence and confidence to gain credibility and collaborate for success across the organization
• Results oriented. Willingness to work in a position with uneven and high priority project work
• Ownership mindset is a must

Nice To Haves

• Working knowledge in QRM is a plus

Responsibilities

• Utilize advanced quantitative skills to develop interest rate risk, credit risk and liquidity risk models by directly linking macroeconomic factors to key credit risk drivers for various asset classes held in the investment portfolio
• Documenting, defending, and conducting ongoing monitoring of model performance through advanced statistical testing and sensitivity analysis
• Writing clear technical documentation as well as presenting and defending results to independent Model Validation team, senior management, and regulators
• Collaborating with business partners in the model development process
• Implementing model in Python/R in a controlled environment
• Providing support on special projects, including review, oversight and analysis to support key strategic risk-related initiatives

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees