Quantitative Analyst – Model Risk Management – Assistant Vice President
| Company | State Street |
|---|---|
| Location | Boston, MA, USA, Stamford, CT, USA |
| Salary | $90000 – $142500 |
| Type | Full-Time |
| Degrees | Master’s, PhD |
| Experience Level | Senior |
Requirements
- MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field; senior positions require 2-3 years of model validation experience in a financial services firm
- Strong written and verbal communication skills
- Excellent quantitative modeling, analytical, research, and programming skills (e.g., MATLAB, R, Python, SAS, Stata, SQL)
- Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines
Responsibilities
- Assessing model theory and assumptions as well as considering modeling methods and alternate options
- Testing and confirming model results by using documented procedures for running models
- Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results
- Assessing the integrity of data inputs
- Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
- Presenting results of model validation work to senior management and making recommendations for improvements
Preferred Qualifications
-
No preferred qualifications provided.