Quantitative Analyst, Officer

The Model Validation Quantitative Analyst will join the Model Risk Management team in Poland and will be responsible for conducting model validation activities. The MRM Poland team will cover the models used at State Street to make business and operating decision as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including interest rate risk, Asset Liability Management, market risk, counterparty credit risk, operational risk; liquidity risk and asset management.

Requirements

• Conducting model validation activities and ensure model risks are correctly identified, assessed, and captured
• Assessing model theory and model assumptions as well as considering model methods and potential options
• Testing and confirming model results by using documented procedures for running the model(s)
• Reviewing code documentation for proper model implementation, including the possible simulation of results
• Working with data validation members and information technology professionals to determine model data integrity
• Performing model validation processes and performing independent model validation of significant models
• Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
• Identifying issues and requiring improvements related to the applicability of the different models assessed in meeting their objectives
• Ensuring compliance with the regulatory (SR11-7) and State Street quality requirements for model risk
• Delivering validation findings via management presentations and regular reports
• Communicating with onsite validators, model owners, model developers and business to relay the issues and feedback and capture the action plans
• Ensuring quality checks and controls including standardization of assessments and dissemination of feedback across team members

Benefits

• Employee savings plan
• Life insurance package
• Medical package
• International operating environment
• Language classes
• Soft skills trainings
• Technical workshops
• Development sessions with a mentor
• Diversity of opportunities across a range of challenging and highly complex activities
• Technical or leadership career pathway