Associate Vice President, Quantitative Analyst Greater Boston, MA Area

The Company is seeking an Associate Vice President to join its Model Risk team. The successful candidate will be responsible for collaborating with model owners to ensure compliance with model risk regulatory requirements for all quantitative models. This includes the development, review, and documentation of front office models, justifying modeling assumptions and results, and supporting the implementation of model governance infrastructure. The role also involves project management, workflow management, and engaging with various business lines and the internal model validation group. Applicants for the Associate Vice President position should have a graduate degree in a quantitative discipline and 3 to 5 years' of experience in the model risk field. The role requires a strong understanding of quantitative analysis methods in financial institutions, advanced programming skills in statistical programming environments, and knowledge of financial markets. The ideal candidate will have a high-level understanding of capital and liquidity-related regulations, the ability to multi-task in a fast-paced environment, and excellent communication skills. Responsibilities also include developing customized solutions for independent model testing, conducting post-implementation reviews of trading algorithms, and collaborating with model owners on model updates and ongoing monitoring plans.

Hiring Company

State Street