JOE Listings (Job Openings for Economists)
August 1, 2016 - January 31, 2017
State Street Corporation
Position Title/Short Description
Section: Full-Time Nonacademic
Location: Boston, Massachusetts, UNITED STATES
JEL Classifications:
G -- Financial Economics
C1 -- Econometric and Statistical Methods and Methodology: General
C -- Mathematical and Quantitative Methods
Keywords:
Econometrics
Statistics
Quantitative Modeling
Financial Institutions
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:
1. Assessing model theory and assumptions
2. Testing model results, incl. sensitivity and robustness
3. Assessing computational accuracy
4. Assessing data integrity
5. Presenting results (verbally and in writing) of model validation work
Job Qualifications:
1. An advanced degree (MS or PhD) in Finance, Statistics, Economics, Math, or related degree, e.g. financial engineering
2. Excellent quantitative modeling, analytical, research, and programming skills (e.g., SAS, Stata, Matlab, R, SQL)
3. Deep knowledge of theoretical and empirical finance across a broad range of products and asset classes
4. Experience in model validation or quantitative modeling
5. Strong written and verbal communication skills
6. Good project management skills; ability to work independently and meet deadlines
Application Requirements:
- Application Instructions Below
- Letters of Reference Instructions Below