JOE Listings (Job Openings for Economists)
August 1, 2014 - January 31, 2015
State Street Corporation
Position Title/Short Description
Section: Full-Time Nonacademic
Location: Boston, Massachusetts, UNITED STATES
JEL Classifications:
C1 -- Econometric and Statistical Methods and Methodology: General
G1 -- General Financial Markets
Keywords:
Quantitative Methods
Financial Institutions
Risk Management
Full Text of JOE Listing:
State Street Corporation’s Model Validation Group (MVG) is recruiting for Jr/Sr. Quantitative Analysts.
Job Description: Quantitative Analysts participate in model validation to ensure model risks are correctly identified, assessed, and managed. Senior Quantitative Analysts lead model reviews and offer guidance to Quantitative Analysts. MVG's review work is focused on models in the following general areas: wholesale credit risk; market risk; securities finance; and operational risk.
Specific tasks performed during model reviews include:
• Assessing model theory and assumptions
• Testing and confirming model results
• Reviewing code documentation
• Assessing the stability and robustness of model results
• Presenting results of model validation work to senior management
Job Qualifications:
• PhD in Finance, Economics, Statistics, Math, or related field ; Senior positions require 3-4 years of work experience in a financial services firm on a model validation team
• Familiarity with quantitative risk management methodologies including VaR and stress testing
• Excellent quantitative modeling, analytical, research, and programming skills (e.g., C++, SAS, MATLAB)
• Strong written and verbal communication skills
• Good project management skills exemplified by the ability to work independently on multiple projects and meet deadlines
Application Requirements:
- Application Instructions Below