Quantitative Analyst-Quantitative Risk

Quantitative Analyst - Quantitative Risk (State Street Bank and Trust Company; Boston, MA): 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-Quantitative Risk position 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 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 offshore offices. Hybrid remote telecommuting with in-office work required for part of each week pursuant to Company policy.

Minimum Requirements: Master's degree or equivalent degree in Quantitative Finance, Mathematics, Statistics, or 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.