Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

State Street Investment Management is seeking a Quantitative Risk Analyst to join its Model Validation team. The role will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business.

Requirements

• MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
• Excellent quantitative modeling, analytical, research, and programming skills (e.g., R, Python, MATLAB, SQL)
• Deep knowledge of economic theory and empirical finance across a broad range of products and asset classes
• Strong understanding of the asset management business and its modeling philosophy, including factor models
• Proven ability to leverage LLMs/GenAI or their applications in day-to-day work and model review activities
• Solid understanding of Model Risk Management Framework including SR 11-7 and other regulatory guidance related to the model risk management
• Strong written and verbal communication skills
• Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Benefits

• 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
• Eligibility for certain tax advantaged savings plans