Senior Model Risk Management Leader

3 weeks ago


Boston, Massachusetts, United States State Street Corporation Full time

State Street Corporation is seeking a Senior Model Risk Management Leader to lead the Treasury Model Validation Team.

The ideal candidate will promote a risk excellence culture and understand how the execution of Model Risk Management contributes critically to the company's key initiatives.

The Senior Model Risk Management Leader must be capable of establishing the requisite stature, expertise, and overall credibility to successfully manage a team of high intellects.


Key Responsibilities:
  • Manage a team of 10 quantitative analysts located in various locations.
  • Form a strong rapport with corporate and business leaders to raise model-specific issues.
  • Provide support for regulatory expectations by providing an effective and robust challenge for models serving a regulatory purpose.

Requirements:
  • Deep understanding of regulatory requirements on Comprehensive Capital and Analysis Review (CCAR) framework.
  • Deep understanding of regulatory requirements on the Internal Capital Adequacy Assessment Process (ICAAP) and ECB/EBA Stress Testing Framework.
  • Model development/validation experience in market/credit risk, asset valuation, term structure modeling, structured securities, value-at-risk, balance sheet modeling, deposit modeling, stress testing, etc.
  • Validation experience in vendor models and balance-sheet management software.
  • Working knowledge of financial markets and products.
  • Strong written/verbal communication skills and leadership/management skills.
  • Good project management skills exemplified by the ability to work independently on multiple projects and meet deadlines.

Education:
  • MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field.

Technical Skills:
  • Proficiency in MATLAB, R, Python, SAS, Stata, SQL.
  • Working knowledge of Quantitative Risk Management (QRM) balancesheet management software with its term-structure and credit modules.


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