Credit Risk Modeler, Assistant Vice President

1 month ago

Boston, United States State Street Corporation Full time
Credit Risk Modeler A VP - NJ/CT/Boston

Who we are looking for
A strong quantitative modeler to join the team as Assistant Vice President and Credit Risk Modeler based in New Jersey, Connecticut, or Boston. This role is part of the Centralized Modeling, Analytics and Operations Group within Enterprise Risk Management's Financial Risk Organization.

Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As Credit Risk Modeler you will:
  • Develop credit risk models (PD/LGD/EL) to provide quantitative support to credit risk analytical processes for State Street's wholesale portfolio focusing on Commercial Real Estate (CRE) portfolio
  • Develop credit portfolio risk models for CCAR/CECL/IFRS9/BASEL/Ratings/ICAAP use cases, as well as for economic capital
  • Review and enhance credit risk analytical methodology including modeling choices in line with expanding business and regulatory requirements
  • Review and verify key model assumptions with model owners
  • Review model outputs with properly justified opinions and judgments by experts from credit risk managers to capture forward-looking financial market and macro-economic outlooks
  • Implement internally developed models on risk analytical library platform
  • Streamline the existing modeling and analytical process; increasing the pace of execution to meet the needs of the business
  • Work in close partnership with the three lines of defense functions, such as model governance, Corporate Audit and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure for credit risk analytics
  • Prepare and present required reports/reviews to model risk management, senior management and global regulators

What we value
These skills will help you succeed in this role:
  • Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
  • Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
  • Organizational strengths: an ability to organize projects, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
  • Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
  • Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness

Education & Preferred Qualifications
  • PhD in statistics or econometrics or equivalent, prefer research area in survival analysis/event history analyses or related areas; Prefer PhD research that involves heavy programming work with strong programming skills in Python/R/C/C++/SQL etc.
  • Undergraduate training in mathematics and probability theory (measure theory) with good knowledge of stochastic calculus is a big plus.
  • Prefer 5+ years of experiences for MS, 2+ years of experience for PhD (will consider fresh PhD with solid academic background and strong programming skills) of developing credit risk modeling for in a financial institution
  • Strong programming skills in Python/R/C/C++/SQL etc.
  • Demonstrated experiences working with model development teams, analytical library development team and technology
  • Motivated and fascinated in how to apply statistics and econometric methodologies to resolve credit risk modeling challenges in financial industry


Salary Range:
$90.000 - $142.500 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.

Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

State Street's Speak Up Line

  • Investment Risk | Vice President

    2 weeks ago

    Boston, United States State Street Full time

    An organization is seeking an Investment Risk | Vice President. This position requires the ability to grasp complex concepts coupled with a solid understanding of various fixed income assets and financial instruments, risk measurement and analytics, quantitative modeling, and risk management techniques. The role involves interactions with SSGA investment...

  • Vice President, Credit Officer

    4 weeks ago

    Boston, United States HSBC Private Bank Full time

    Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world –...

  • Data Modeling Lead for Credit Risk

    3 weeks ago

    Boston, Massachusetts, United States Citizens Full time

    {"Estimated Salary Range": "$120,000 - $180,000 per year", "Company Overview": "As a global leader in the financial services industry, Citizens is committed to helping our customers achieve their financial goals. We are a customer-centric organization that values innovation, collaboration, and community involvement.", "Job Description": "Data Modeling Lead...

  • Assistant Vice President of Equity and Access

    2 weeks ago

    Boston, United States University of Massachusetts Full time

    Job no: 525362 Position Type: Staff Full Time Campus: UMass President's Office Campus Location: Beacon Street-BostonDepartment: Academic AffairsDate opened: Oct 15 2024 Eastern Daylight TimeApplications close:Assistant Vice President of Equity and AccessThe University of Massachusetts System seeks an inspiring, collaborative, and solution-oriented...

  • Vice President Debt Capital Markets

    4 weeks ago

    Boston, United States Citizens Full time

    DescriptionIn this role at Citizens, you're made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself! Citizens Debt Capital Markets Group, part of Citizens Capital Markets & Advisory division, is seeking an experienced Vice President in Boston, MA or Charlotte, NC to support the team's senior professionals in...

  • Vice President, Quantitative Development

    3 months ago

    Boston, United States Analytic Recruiting Inc. Full time

    A prominent financial Institution is seeking a Vice President, Quantitative Development to lead their Fixed Income Embedded Quantitative Development team. This person will assist with building, optimizing cross-asset pricing models, and working with a variety of trading, valuation, and risk management tools.   Salary: Base up to 250k, total comp up to...

  • Vice President, Quantitative Development

    2 weeks ago

    Boston, United States Analytic Recruiting Inc. Full time

    A prominent financial Institution is seeking a Vice President, Quantitative Development to lead their Fixed Income Embedded Quantitative Development team. This person will assist with building, optimizing cross-asset pricing models, and working with a variety of trading, valuation, and risk management tools.   Salary: Base up to 250k, total comp up to...

  • Quantitative Analyst/Model Risk Management, Assistant Vice President

    1 week ago

    Boston, United States State Street Corporation Full time

    State Street's Model Risk Management (MRM) function is seeking a Quantitative Analyst to join its Model Validation team based in Boston, MA. The Quantitative Analyst will participate in model validation to ensure model risks are correctly identified, assessed, and managed. MRM's validation work is focused on models in the following general areas: compliance,...

  • Vice President, Liquidity Risk Oversight

    2 months ago

    Boston, United States BNY Mellon Full time

    OverviewVice President, Liquidity Risk Oversight - Treasury RiskAt BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to...

  • Assistant Vice President of Equity and Access

    2 weeks ago

    Boston, United States University of Massachusetts Full time

    The University of Massachusetts System seeks an inspiring, collaborative, and solution-oriented leader to serve as its inaugural Assistant Vice President of Equity and Access (AVP). Reporting to the Senior Vice President & Deputy Vice President for Academic Affairs, Student Affairs, and Equity, the AVP will serve as the System’s primary advisor on all...

  • Associate Vice President

    3 weeks ago

    Boston, United States Manulife Insurance Malaysia Full time

    Associate Vice President (AVP), Global Information Risk The Associate Vice President (AVP), Global Information Risk offers a unique opportunity to lead and shape our global Information Risk Management (IRM) practices. By heading the IRM methodology and reporting teams, this role is pivotal in advancing our mission to fortify our risk management framework....

  • Lead, Credit Risk Analytics

    2 weeks ago

    Boston, United States MassMutual Full time

    The Opportunity As the credit risk analytics lead within the Credit Risk Management team you will be involved with quantitative model implementation, development, and analysis and their business applications. The ideal candidate will join a quantitative team and lead to enhance ERM’s analytical and reporting capabilities, by expanding the use of...

  • Credit Risk Manager

    5 days ago

    boston, United States Selby Jennings Full time

    Description: A rapidly growing regional bank is looking for an experienced credit risk management officer to supervise the Current Expected Credit Loss (CECL) accounting standard in alignment with ACL Policy. The ideal candidate will manage multiple staff members and technology solutions related to CECL models while ensuring compliance with accounting...

  • Vice-President of Finance and Administration

    3 weeks ago

    Boston, United States Fisher College Full time

    Job DetailsLevel Senior Job Location Boston - Boston, MA Position Type Full Time Education Level Graduate Degree Travel Percentage Negligible Job Category Finance Vice-President of Finance and AdministrationPRIMARY PURPOSE OF JOB The Vice President of Finance and Administration is a senior executive responsible for overseeing the financial and...

  • Vice-President of Finance and Administration

    2 weeks ago

    Boston, United States Fisher College Full time

    Job DetailsLevel Senior Job Location Boston - Boston, MA Position Type Full Time Education Level Graduate Degree Travel Percentage Negligible Job Category Finance Vice-President of Finance and AdministrationPRIMARY PURPOSE OF JOB The Vice President of Finance and Administration is a senior executive responsible for overseeing the financial and...

  • Vice-President of Finance and Administration

    5 days ago

    Boston, United States Fisher College Full time

    PRIMARY PURPOSE OF JOB The Vice President of Finance and Administration is a senior executive responsible for overseeing the financial and administrative functions of the college, ensuring fiscal stability, operational efficiency, and compliance with policies and regulations. The Vice-President of Finance and Administration will collaborate with the...

  • Associate Vice President for Fiscal Affairs

    4 weeks ago

    Boston, Massachusetts, United States Mass Inc Full time

    Job Description:Massachusetts College of Art and Design seeks a highly skilled and experienced Associate Vice President for Fiscal Affairs to join its team. Reporting to the Vice President of Administration & Finance, this key role will oversee the planning, operation, direction, and supervision of all financial and administrative operations, including...

  • Vice President/Senior Manager, Tax Structuring

    2 months ago

    Boston, United States HarbourVest Partners Full time

    Job Description Summary For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and innovative...

  • Vice President/Senior Manager, Tax Structuring

    3 weeks ago

    Boston, United States HarbourVest Partners Full time

    Job Description Summary For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and...

  • Vice President, Corporate Communications

    5 days ago

    Boston, United States BlueCross & BlueShield of Massachusetts Full time

    The Role Reporting directly to the Chief Communications & Citizenship Officer, a member of the Companys executive leadership team, our Vice President of Corporate Communications will be responsible for setting the quality standards and leading the o Vice President, Corporate, Communication, President, Communications, Officer, Business Services