State Street · 4 hours ago
Quantitative Risk, Vice President
Boston, Massachusetts
Full-time
Onsite
Senior Level, Lead/Staff
$120K/yr - $202K/yr
8+ years expState Street is a global leader in financial services, helping institutional investors manage risk and drive performance. The Quantitative Risk Vice President will lead a team in conducting model validation activities and ensure compliance with regulatory requirements while improving validation processes.
BankingFinanceFinancial Services
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, trading algo and compliance risk ( such as AML) models
Understand regulatory requirement such as Basel, CCAR and AML and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to market risk, counterparty credit risk, trading algo and compliance risk 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
Qualification
Required
Master or PHD degree in a quantitative disciplines (e.g. Finance, Statistics, Economics, Mathematics, Computer Science / Engineering, software engineering or equivalents)
8+ years of experience in quantitative analytics including model development or independent model validation in a financial institution
Demonstrated solid knowledge and proficient understanding of industrial best practices of quantitative analytics in market risk, counterparty credit risk, trading algo and compliance risk models
Demonstrated modeling and analytical process engineering capabilities
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
Preferred
PhD is preferred
Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as Basel and CCAR, AML
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
Benefits
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)
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
legacy.thefly.com
2026-01-22
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