Quantitative Risk Analyst
| Company | State Street |
|---|---|
| Location | Boston, MA, USA |
| Salary | $90000 – $160000 |
| Type | Full-Time |
| Degrees | Master’s |
| Experience Level | Entry Level/New Grad, Junior |
Requirements
- Master’s degree in Financial Engineering, Engineering, Mathematics, Statistics, or a related quantitative field, or its equivalent
- One year of experience in financial modeling or any occupation/title in which financial modeling experience is gained
- Proven knowledge of time series analysis, machine learning, and stochastic calculus
- Demonstrated experience with statistical programming environment like Python or MATLAB
- Demonstrated experience with SQL, Python, or R
- Proven ability to build complex object-oriented programs that handle big data
Responsibilities
- Build and use models to understand the risk profile of State Street’s assets and liabilities
- Assist with model methodology research, prototyping and determination
- Utilize hands-on experience in building models for various structured and non-structured securities
- Utilize and enhance quantitative and analytical approaches to achieve risk excellence
- Evaluate the models and approaches of third-party vendors for these risks
- Collaborate with colleagues, business partners, control functions and other relevant areas of the bank
- Design and implement suitable and effective model monitoring plan including performance metrics, thresholds, and implementation process
- Support risk management activities and proactively resolve issues
- Provide support on special projects, including review, oversight and analysis to support key strategic risk-related initiatives
- Assist in development and establishment of risk limits, guidelines and policies
- Ensure appropriate reporting and governance exists to communicate relevant risk information to senior management
Preferred Qualifications
-
No preferred qualifications provided.