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Head of Model Risk Management Technology Team, Vice President

 State Street

State Street

Boston, MA, USA
Posted on Tuesday, August 8, 2023

The VP Lead of Model Risk Governance Platform (“MRG Platform”) is a member of the Model Risk Management team that oversees model risk across the State Street. The incumbent will be responsible for designing, maintaining and supporting of the MRG Platform, the system or record for all model risk governance and control activities including inventory, validation, ongoing monitoring, implementation, quality assurance, risk reporting, etc.

Primary Responsibilities:

  • Leading the activities related to the design, maintain, and support of the MRM Platform, enhancing existing workflow designs and assisting in expanding the capabilities of the technological solution
  • Collaborating with IT business partners in building and maintaining software lifecycle deliverables including requirements definition, design, construction, and testing of new and enhanced functionality
  • Working with Model Risk Governance Team in designing and automating Model Risk Monitoring reports and attestation process, and contributing to reporting strategy & design
  • Managing a team of 4-5 employees globally in designing, building, and maintaining user management & user access control systems for MRM platform
  • Working with functional owners to maintain and enhance source information systems
  • Performing ad hoc reporting as required
  • Participating in user training/support to help drive adoption of reports and analytics tools among report consumers


Minimum Qualification and Experiences

  • 3+ years of working experience in analytics and/or computing with a Master’s degree in computer science, engineering, math, statistics, or related fields
  • 3+ years of management experience, exhibiting a proven track record in project management and people management
  • 3+ years of experience with scripting languages such as XML and in programing using SAS and/or SQL preferred

Additional Qualifications

  • Experience with SAS Model Risk Management Platform a big plus.
  • Self-driven taking initiative and thinking creatively
  • Team player in a fast-paced, high-energy environment
  • Strong communication skills, both written and oral, with the ability to work with all levels of personnel across the organization
  • Excellent organization skills, including attention to detail
  • High results orientation and can-do attitude
  • Strong analytical skill, with the ability and self-motivation to master key concepts and themes (e.g., data governance) in an evolving regulatory environment

Salary Range:

$110,000 - $185,000 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.