Quantitative Director/Vice President

2 days left

State Street Bank
Boston, USA
Sep 17, 2019
Oct 17, 2019
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Quantitative Anlys Dir,VP Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Quantitative-Anlys-Dir-VP_R-625442/apply
State Street Corporation, VP, Model Risk Governance


As part of State Streets Model Risk Management (MRM) function, the Model Risk Governance Team is charged with a number of responsibilities including owning the firms model risk management framework, performing model validation review activities, providing guidance on appropriate model usage in the business context, managing the firms model inventory, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations.

State Street is seeking a VP to join its Model Risk Governance Team based in Boston, MA. The VP of Model Risk Governance will be responsible for coordination, planning, and execution of regulatory, control, audit, and risk initiatives and deliverables across a wide range of model risk activities. Possible examples of work product include enhanced Board of Directors reporting, further refinement of the evaluation and assessment of aspects of model risk, Model Risk Committee forward agenda planning and management, regulatory compliance assessments of SR 11-7 and additional global regulations, and ensuring model guideline compliance with emerging machine learning-based models.

Job Qualifications:
  • Bachelors degree. Finance, engineering, or quantitative discipline preferred; CFA or an advanced degree a plus as well
  • 5+ years of program management, risk management, or consulting experience preferred
  • 3+ years of experience in the development and management of models strongly preferred
  • Proficiency in Excel / PowerPoint / MS Applications
  • Experience with project management software and approaches required
  • Strong communication, presentation, and influencing skills demonstrated across boundaries and multiple layers within an organization from model owner teams to senior executives
  • Demonstrated ability to win trust and respect of colleagues and business partners
  • High results orientation and can-do attitude
  • Demonstrated strong analytical abilities and reasoning skills
  • Team player in a fast-paced, high-energy environment
  • Ability to handle multiple concurrent tasks and changing priorities
  • Excellent organization skills , including attention to detail
Posted 3 Days AgoFull timeR-625442
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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. Its also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Youll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, 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. For more information, for U.S. jobs only, please read our .

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