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Quantitative Risk Director – Vice President
| Company | State Street |
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| Location | Boston, MA, USA |
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| Salary | $140000 – $222500 |
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| Type | Full-Time |
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| Degrees | Master’s, PhD |
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| Experience Level | Senior, Expert or higher |
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Requirements
- 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 of fixed income market or wholesale credit market and proficient understanding of industrial best practices of quantitative analytics in market risk, counterparty credit risk and trading algo models
- Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as Basel and CCAR
- 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 and trading algo models
- Understand regulatory requirement such as Basel and CCAR and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to market risk, counterparty credit risk and trading algo 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.
Preferred Qualifications
- 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.
