State Street · 7 hours ago
Quantitative Risk Analyst, Assistant Vice President
Boston, MA
Full-time
Onsite
Senior Level
$110K/yr - $178K/yrState Street is a global investment management firm that focuses on helping institutional investors manage risk and drive performance. The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified and managed across the asset management business, collaborating with various stakeholders to evaluate and improve model performance.
BankingFinanceFinancial Services
Responsibilities
Review the model workflow and identify gaps in model methodology, development, implementation, and usage process and documentation
Challenge the model methodology by testing its assumptions and parameters; independently evaluate model performance and perform benchmarking; suggest areas for improvement
Collaborate with portfolio managers, traders, researchers, model developers, IT, and Corporate Model Risk Management to conduct independent validation as well as annual reviews of models supporting State Street IM business and company-wide strategic initiatives
Review and assess model changes and conduct targeted validation on significant model changes
Evaluate remediation submissions and ongoing monitoring of models
Identify, assess, and report model risks on individual model and aggregate level to management through validation reports and other MRM reporting
Qualification
Required
MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
Excellent quantitative modeling, analytical, research, and programming skills (e.g., R, Python, MATLAB, SQL)
Deep knowledge of economic theory and empirical finance across a broad range of products and asset classes
Strong understanding of the asset management business and its modeling philosophy, including factor models
Proven ability to leverage LLMs/GenAI or their applications in day-to-day work and model review activities
Solid understanding of Model Risk Management Framework including SR 11-7 and other regulatory guidance related to the model risk management
Strong written and verbal communication skills
Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines
Benefits
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)
Eligibility for certain tax advantaged savings plans
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.
Founded in 1792
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
2026-02-04
2026-02-04
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