Quantitative Analyst, AVP
Posted on: 2 Dec 2021
Boston, MA
Job Description
POSITION PRIMARY DUTIES AND RESPONSIBILITIES
This role will be part of the CMA team responsible for both financial and non-financial risk projection.
We provide support in the development, deployment, and documentation of tools and methods for assessing various aspects of credit, market, operational, liquidity and compliance risk to State Street.
This role will:
Build and enhance a variety of models or advanced analytical tools (e.g., liquidity, deposit, credit risk, interest rate risk) around different BAU purposes and regulations such as Basel III, CCAR and ICAAP
Creatively build analytical tool /models to assist non-financial risk analytics (e.g., operational risk, marketing analytics, AML and compliance analytics, etc.) using conventional and non-conventional techniques (e.g., AI, Machine Learning, Natural Language Processing)
Create actionable, automated reporting tools/packages to assist visualization of results, model implementation and quantitative analytics
Perform sensitivity analyses to respond to ad hoc inquiries
Perform any other tasks as assigned to support the CMA
REQUIREMENTS
Masters’ or PhD in Economics, Statistics, Mathematics, Risk Management or related field
3+ years of working experience in quantitative modeling as a key contributor
Ability to understand, visualize and communicate quantitative results to expert and non-expert audiences
3+ years of experience with any of programming language using one or two of following: Python, R, Tableau, Excel and SQL with structured and non-structured data mart
Demonstratable experience with Natural Language Processing and Machine Learning techniques
Working understanding of various regulations such as Basel III (Credit/Market/Operational Risk), CCAR, Stress Testing and ICAAP
Working knowledge of fixed income market or wholesale credit market, from both quantitative credit or market risk experience
Demonstrated ability to work independently on complex projects as well as the ability to be a team player in a fast-paced, high-energy level environment
Strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to broad audiences
Competence and confidence to gain credibility and collaborate for success across the organization
Professional designations (CFA, FRM) preferred but not required
State Street
Boston, MA
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.
The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
-
IndustryBanking/Financial Services
-
No. of Employees39,969
-
Jobs Posted443
