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Quantitative Analyst - Quantitative Risk, AVP (State Street Bank and Trust Company; Boston, Massachusetts ): The Quantitative Analyst-Quantitative Risk position will be responsible for the identification, measurement, monitoring, and mitigation of model risk across the global asset management business. The Quantitative Analyst will focus on models that will be used to make business and operating decisions. These models are within the following asset management models: smart beta models, portfolio construction models, and alpha models. Specific duties include: assessing the investment objectives of the model that are presented to the Technical Committee (TC) and ensure if the underlying asset management theories and assumption behind the model are in line with stated investment objectives; testing and confirming model results by using documented procedures for running the models; reviewing code documentation for proper model implementation, including the possible simulation of results; working with data validation members and information technology professionals to assess model data integrity; performing model validation processes and performing independent model validation of significant models; assessing the stability and robustness of models by conducting back-testing, sensitivity testing, and stress testing; and proposing challenger models if needed; making recommendations and suggesting improvements related to the applicability of the different models assessed in meeting their objectives; ensuring compliance with SR 11-7 regulation; and providing ongoing training and guidance to the analyst team in our Poland office.
Minimum requirements are: Master's or equivalent degree in Finance, Economics, Mathematics, Statistics, or a related Quantitative field.
Must have: excellent quantitative modeling, analytical, research, and programming skills such as Python, Matlab, or R; strong communication skills both verbal and written; proven solid project management skills, with the ability to work independently on multiple tasks and/or projects; and solid knowledge of financial markets and products particularly including asset allocation, equity market & products, fixed income market and products, ETF markets, and liquidity.
A pply online at statestreet.com/careers . State Street Job ID: R-658918 . An EOE.