Quantitative Risk, Vice President

State Street•Boston, MA

13h

About The Position

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:

Requirements

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.
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

Responsibilities

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.

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

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