State Street · 12 hours ago
Quantitative Risk, Model Risk Management, Vice President
Boston, MA
Full-time
Onsite
Mid, Senior Level
$120K/yr - $202K/yr
5+ years expState Street is a global leader in investment servicing and management, and they are seeking a Vice President to join their Model Risk Governance Team. The VP will coordinate, plan, and execute regulatory, control, audit, and risk initiatives across various model risk activities, ensuring compliance and effective model governance.
BankingFinanceFinancial Services
Responsibilities
Owning the firm’s model risk management framework
Performing model validation review activities
Providing guidance on appropriate model usage in the business context
Managing the firm’s model inventory
Evaluating ongoing model performance testing
Ensuring that model users are aware of the model strengths and limitations
Coordination, planning, and execution of regulatory, control, audit, and risk initiatives and deliverables across a wide range of model risk activities
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
Ensuring model guideline compliance with emerging machine learning-based models
Qualification
Required
Bachelor's 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 required
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
Preferred
3+ years of experience in the development and management of models strongly preferred
Proficiency in Excel / PowerPoint / MS Applications
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
2026-02-04
2026-02-04
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