State Street Corporation

Position Title/Short Description

Full Text of JOE Listing:

State Street Corporation’s Model Validation Group is recruiting for Quantitative Analysts (at the junior or senior level). Quantitative Analysts participate in model validation to ensure model risks are correctly identified, assessed, and managed. MVG's review work is focused on models in the following general areas: wholesale credit risk; market risk; securities finance; asset management; stress testing; and operational risk.

Specific tasks performed during model reviews include:
•Assessing model theory and assumptions
•Testing model results
•Assessing computational accuracy
•Assessing data integrity

Job Qualifications:
•MS or PhD in Finance, Economics, Statistics, Math, or related field ; Senior positions require 2-3 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., SAS,
Stata, MATLAB, R)
•Strong written and verbal communication skills

Application Procedure: Qualified candidates can apply by sending a cover letter and resume to Ken Jones, Model Validation Group [kdjones@statestreet.com] with “Job ID: MVG-AEA2016” in the subject line of the email (neither letters of reference nor published papers should be included with the application at this time).