Overview

Centralized Modeling, Analytics and Operations (CMAO), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced and highly motivated professional with strong quantitative, problem-solving, and communication skills. The primary focus for the position will be to develop quantitative models and tools to assess and analyze risks associated with State Street’s investment portfolio which consists of various fixed income securities.

Position Duties and Responsibilities

The individual must have hands-on experience in quantitative modeling with strong programming skills in Python and R, and possess excellent verbal and written communication skills for interactions within CMAO.

Primary Responsibilities

• The quantitative analyst is expected to utilize advanced quantitative skills to develop interest rate risk, credit risk and liquidity risk models by directly linking macroeconomic factors to key credit risk drivers for various asset classes held in the investment portfolio

• Documenting, defending, and conducting ongoing monitoring of model performance through advanced statistical testing and sensitivity analysis

• Writing clear technical documentation as well as presenting and defending results to independent Model Validation team, senior management, and regulators

• Collaborating with business partners in the model development process

• Implementing model in Python/R in a controlled environment

• Providing support on special projects, including review, oversight and analysis to support key strategic risk-related initiatives

Qualifications

• Master’s degree or PhD degree in quantitative discipline

• At least 3 years of quantitative modeling experience in a financial institution

• In-depth understanding of statistics, econometrics, multivariate regressions, machine learning and other quantitative finance topics

• Advanced proficiency in using Python and R to perform large dataset analysis and build quantitative models

• Solid knowledge in financial markets and fixed income products

• Demonstrated experience in credit risk management, interest rate risk and/or asset liability management.

• Working knowledge in QRM is a plus

• Ability to communicate complex concepts to broad audiences, with strong verbal and written communication skills

• Competence and confidence to gain credibility and collaborate for success across the organization

• Results oriented. Willingness to work in a position with uneven and high priority project work

• Ownership mindset is a must

Salary Range:

$90,000 - $157,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.