State Street · 2 hours ago
Quantitative Risk Analyst, Model Risk Management, Assistant Vice President
Stamford
Full-time
Onsite
Mid Level
$90K/yr - $158K/yr
2+ years expState Street is a global organization that helps institutional investors manage risk and drive performance. They are seeking a Quantitative Analyst to join their Model Validation Group, where the main responsibilities include conducting model validation and ensuring model risks are correctly identified and managed.
BankingFinanceFinancial Services
Responsibilities
Assessing model theory and assumptions as well as considering alternative modeling methods and approaches
Testing and confirming model results by using documented procedures for running models
Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results
Review and assess model changes and conduct targeted validation on significant model changes
Assessing the integrity of data inputs
Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
Presenting results of model validation work to senior management and making recommendations for improvements
Qualification
Required
MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
2-3 years of experience in model validation or other relevant experience in quantitative finance
Excellent quantitative modeling, analytical, research, data analysis and programming skills (e.g. R, Python, SAS, Stata, SQL)
Strong knowledge of theoretical and empirical finance across a broad range of products and asset classes
Good 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
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks that keep you connected to what matters most
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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