Market Risk at State Street in Boston, Massachusetts

Job Description:

Market Risk (State Street Bank and Trust Company; Boston, Massachusetts): Develop, implement, and validate methodologies covering a broad range of asset classes (fixed income and equities) to oversee counterparty and collateral exposures inherent to the agency lending and principal businesses. Types of monitoring and reporting include qualitative risk analysis and commentary, trend analysis, key risk metrics, and overall risk assessments relevant to the Securities Finance business. Specific responsibilities of the position include: Contributing to the establishment and maintenance of best practices and governance policies pertaining to report compilation, data integrity, and distribution, and to comply with audit, compliance, and regulatory requirements; Applying strong analytical aptitude and attention to detail; Investigating and resolving complex data issues; Demonstrating experience in the financial analysis and quantitative or risk analytics dealing with security modelling, market data, pricing, and risk methodology; Working with a broad spectrum of fixed income products, market curve bootstrapping, stochastic financial modelling, and CVA or mortgage analytics; Understanding credit risk related regulatory capital calculation requirements; Collaborating with team members to design, develop, and implement reporting in a sustainable and strategic manner; Ensuring the accuracy and timely preparation of reports; Identifying problems and limitations, propose solutions, and proactively address them directly; Developing risk management systems (specifying requirements, supporting implementation and testing), prototyping, and development of enhanced risk management tools; Contributing to risk and regulatory projects as required; and Demonstrating strong programming skill like Python, SQL, Matlab, R, C++, or VBA and familiarity with statistics software. Hybrid telecommuting permitted pursuant to Company policy.

Minimum requirements are: Master's degree, or its equivalent, in Quantitative Finance, Mathematics, or a related field; and 2 years of experience as a Quantitative Analyst or any other occupation/title providing relevant financial services experience.

Must have: 2 years of experience with building risk analytics such as Value-at-Risk, stress testing, or liquidity measure; 2 years of experience with regulatory requirements including data analysis, improving efficiency and accuracy of regulatory reporting for complex portfolios, supporting risk modeling and validation requirement; Knowledge of pricing model for a broad spectrum of fixed income products, market curve bootstrapping and stochastic financial modelling; Understanding of regulations related to counterparty credit risk including regulatory capital calculation and experience of implementing risk framework to comply with those regulations; Strong programming skills like Python, SQL, Matlab, R, C++, or VBA; and Strong verbal, written communication and interpersonal skills that promote effective working relationships in a team-oriented environment.

To apply to this position, you must click the "Apply" button on this page and complete the online application. An EOE.

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Salary Range:
$96,658 - $160,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.