Who we are looking for

State Street’s Model Risk Management (MRM) function is seeking a Quantitative Analyst to join its Model Validation team based in Boston, MA. The Quantitative Analyst will participate in model validation to ensure model risks are correctly identified, assessed, and managed.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen, we need talented individuals like you. In this role, you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Quantitative Analyst, Assistant Vice President you will:

• Perform validations on models such as market risk, counterparty credit risk and trading algo models

• Interpret and apply regulatory requirements, such as Basel and CCAR, while staying current with developments in academic research, industry practices, and evolving regulatory expectations.

• Analyze large-scale datasets using statistical techniques and machine learning methods to support model validation and performance assessment

• Conduct quantitative analysis to evaluate and quantify model risks

• Communicate with model developers and business to relay the issues and feedback and capture the action plans

• Present results of model validation work to senior management and making recommendations for improvements

Job Qualifications:

• MS or PhD in a quantitative discipline (e.g. Finance, Statistics, Economics, Mathematics, Computer Science / Engineering, software engineering or equivalents); senior positions require 2-3 years of model validation experience in a financial services firm

• Strong written and verbal communication skills

• Excellent quantitative modeling, analytical, research, and programming skills (e.g., MATLAB, R, Python, SAS, Stata, SQL)

• Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Who we are looking for

In this role, you will lead Corporate Audit’s Data, Emerging Technology and AI Audit team, reporting directly to the Global Head of Technology and Cyber Audit. You will oversee a team of auditors focused on understanding and assessing risks and controls related to data governance, artificial intelligence, and emerging technologies across the State Street enterprise. This includes managing relationships with business stakeholders, ensuring audits are completed in compliance with Corporate Audit methodology and Institute of Internal Auditors’ standards, and developing audit team skillsets in advanced technology domains. The role can be based in Boston, MA-US; Quincy, MA-US; Clifton, NJ-US;
 

Key responsibilities of this role include:

• Lead and Oversee Audit Coverage: Develop, own, and execute a global assurance plan and audit methodology for data governance, AI risk management, and emerging technology activities, including continuous monitoring of regulatory developments and best practices.

• Manage and Develop Teams: Build, coach, and maintain a high-performing global team with advanced data, AI/ML, and technology assurance skillsets; oversee talent management, staff evaluation, and hiring processes.

• Engage Stakeholders and Influence Change: Proactively manage relationships with senior management, regulators, and other stakeholders; provide insights to drive sustainable improvements in processes and controls.

• Deliver Audit Outcomes: Draft, review, and communicate audit findings and reports to executive management; participate in steering committees and working groups to promote balanced discussions and continuous improvement.
   

Why this role is important to us

The team you will be joining plays a critical role in the overall success of the organization. Institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen, we need teams like yours to help navigate employees and the organization as a whole through the rapidly evolving landscape of data and technology. In your role, you will strive for cutting-edge solutions that are straightforward and scalable, helping us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
 

What you will be responsible for

As Head of Data, Emerging Technology and AI Audit, you will:

• Create and maintain audit approaches and coverage methodology for data governance, AI, and emerging technology areas.

• Define and execute a multi-year risk-based plan for coverage of in-scope areas.

• Build and maintain advanced data, AI/ML, and technology assurance skillsets on a global team.

• Proactively engage with State Street management across various departments, with responsibility for global relationships.

• Demonstrate strong proficiency in evaluating and testing data management, AI governance and controls, and emerging technology risks.

• Influence effective and sustainable improvements to processes and controls through insights gained based on risk and control expertise.

• Manage, coach, and develop staff, including participating in talent management, staff evaluation, and new hire processes.

• Champion continuous improvement and process efficiency in the department.

• Draft, review, finalize, and communicate audit deliverables, including audit findings, memos, and audit reports to senior and executive management.

• Participate as a non-voting member of various steering committees and management working groups, promoting balanced discussions and encouraging challenge and debate.

• Provide insight on the evolving data, AI, and technology regulatory environment and interact with global regulators.|
   

What we value

These skills will help you succeed in this role:

• Excellent analytical, written communication, interpersonal, organizational, and presentation skills.

• Strong client relationship and employee management skills.

• Ability to think strategically and multi-task in a fast-paced environment.

• Role model desired behaviors in cross-cultural awareness and establish and maintain a collaborative and inclusive work environment.

• Ability to cooperate with others and foster an environment that supports effective teamwork.

• Highly collaborative with strong leadership skills that gain trust and credibility with colleagues and stakeholders.

• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives.

• Experience developing and maintaining relationships with multiple stakeholders, including executives, senior management, regulators, and audit staff.

• Ability to manage complexity, effectively prioritize multiple tasks, and work independently in non-routine situations and in a changing environment.

• Strong communication, interpersonal, and leadership abilities across all levels, coupled with effective problem solving, conceptual thinking, quantitative, and analytical skills.

• A very high degree of professionalism, professional curiosity and skepticism, leadership, and proficient organizational, analytical, and project management skills.

• Experience in planning and leading strategic initiatives, including employee engagement.

• Desire and willingness to drive to the root cause of issues.
   

Education & Preferred Qualifications

• Relevant Bachelor’s degree in Data Science, Computer Science, Engineering, Technology, Accountancy, or other relevant field. Postgraduate qualifications are desired but not mandatory.

• One industry-recognized certification (e.g., CPA, CIA, CISA, CISSP, CISM, CDMP, AAIA, AAISM or equivalent) required.

• 15+ years of experience with assurance, ideally in financial services, data governance and risk management, and technology innovation.

• Proven ability to learn innovative products and technologies and execute related assurance.

• Deep experience with assurance in a number of the following: Data governance, data privacy, and data protection controls; AI/ML risk management, including AI model development, validation, deployment, and monitoring; Algorithmic bias, fairness, explainability, and ethical considerations in AI systems; Data quality, lineage, and integrity across complex technology environments; Regulatory compliance related to data and AI (e.g., GDPR, CCPA, EU AI Act)

• Experience auditing new financial technologies (e.g., digital assets, tokenization)

• Audit experience in public accounting or internal audit, focusing on regulated industries.

• Demonstrated experience in leading and developing diverse teams, and overseeing multiple large-scale projects.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Who we are looking for

In this role, you will lead Corporate Audit’s Data, Emerging Technology and AI Audit team, reporting directly to the Global Head of Technology and Cyber Audit. You will oversee a team of auditors focused on understanding and assessing risks and controls related to data governance, artificial intelligence, and emerging technologies across the State Street enterprise. This includes managing relationships with business stakeholders, ensuring audits are completed in compliance with Corporate Audit methodology and Institute of Internal Auditors’ standards, and developing audit team skillsets in advanced technology domains. The role can be based in Boston, MA-US; Quincy, MA-US; Clifton, NJ-US;
 

Key responsibilities of this role include:

• Lead and Oversee Audit Coverage: Develop, own, and execute a global assurance plan and audit methodology for data governance, AI risk management, and emerging technology activities, including continuous monitoring of regulatory developments and best practices.

• Manage and Develop Teams: Build, coach, and maintain a high-performing global team with advanced data, AI/ML, and technology assurance skillsets; oversee talent management, staff evaluation, and hiring processes.

• Engage Stakeholders and Influence Change: Proactively manage relationships with senior management, regulators, and other stakeholders; provide insights to drive sustainable improvements in processes and controls.

• Deliver Audit Outcomes: Draft, review, and communicate audit findings and reports to executive management; participate in steering committees and working groups to promote balanced discussions and continuous improvement.
   

Why this role is important to us

The team you will be joining plays a critical role in the overall success of the organization. Institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen, we need teams like yours to help navigate employees and the organization as a whole through the rapidly evolving landscape of data and technology. In your role, you will strive for cutting-edge solutions that are straightforward and scalable, helping us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
 

What you will be responsible for

As Head of Data, Emerging Technology and AI Audit, you will:

• Create and maintain audit approaches and coverage methodology for data governance, AI, and emerging technology areas.

• Define and execute a multi-year risk-based plan for coverage of in-scope areas.

• Build and maintain advanced data, AI/ML, and technology assurance skillsets on a global team.

• Proactively engage with State Street management across various departments, with responsibility for global relationships.

• Demonstrate strong proficiency in evaluating and testing data management, AI governance and controls, and emerging technology risks.

• Influence effective and sustainable improvements to processes and controls through insights gained based on risk and control expertise.

• Manage, coach, and develop staff, including participating in talent management, staff evaluation, and new hire processes.

• Champion continuous improvement and process efficiency in the department.

• Draft, review, finalize, and communicate audit deliverables, including audit findings, memos, and audit reports to senior and executive management.

• Participate as a non-voting member of various steering committees and management working groups, promoting balanced discussions and encouraging challenge and debate.

• Provide insight on the evolving data, AI, and technology regulatory environment and interact with global regulators.|
   

What we value

These skills will help you succeed in this role:

• Excellent analytical, written communication, interpersonal, organizational, and presentation skills.

• Strong client relationship and employee management skills.

• Ability to think strategically and multi-task in a fast-paced environment.

• Role model desired behaviors in cross-cultural awareness and establish and maintain a collaborative and inclusive work environment.

• Ability to cooperate with others and foster an environment that supports effective teamwork.

• Highly collaborative with strong leadership skills that gain trust and credibility with colleagues and stakeholders.

• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives.

• Experience developing and maintaining relationships with multiple stakeholders, including executives, senior management, regulators, and audit staff.

• Ability to manage complexity, effectively prioritize multiple tasks, and work independently in non-routine situations and in a changing environment.

• Strong communication, interpersonal, and leadership abilities across all levels, coupled with effective problem solving, conceptual thinking, quantitative, and analytical skills.

• A very high degree of professionalism, professional curiosity and skepticism, leadership, and proficient organizational, analytical, and project management skills.

• Experience in planning and leading strategic initiatives, including employee engagement.

• Desire and willingness to drive to the root cause of issues.
   

Education & Preferred Qualifications

• Relevant Bachelor’s degree in Data Science, Computer Science, Engineering, Technology, Accountancy, or other relevant field. Postgraduate qualifications are desired but not mandatory.

• One industry-recognized certification (e.g., CPA, CIA, CISA, CISSP, CISM, CDMP, AAIA, AAISM or equivalent) required.

• 15+ years of experience with assurance, ideally in financial services, data governance and risk management, and technology innovation.

• Proven ability to learn innovative products and technologies and execute related assurance.

• Deep experience with assurance in a number of the following: Data governance, data privacy, and data protection controls; AI/ML risk management, including AI model development, validation, deployment, and monitoring; Algorithmic bias, fairness, explainability, and ethical considerations in AI systems; Data quality, lineage, and integrity across complex technology environments; Regulatory compliance related to data and AI (e.g., GDPR, CCPA, EU AI Act)

• Experience auditing new financial technologies (e.g., digital assets, tokenization)

• Audit experience in public accounting or internal audit, focusing on regulated industries.

• Demonstrated experience in leading and developing diverse teams, and overseeing multiple large-scale projects.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job Description

State Street’s Model Risk Management (MRM) function is seeking a Quantitative Analyst to join its Model Validation team based in Boston, MA. The Quantitative Analyst Intern will participate in model validation to ensure model risks are correctly identified, assessed, and managed. MRM’s validation work is focused on models used to make business and operating decisions in the general areas of credit risk, market risk, securities finance, asset management, stress testing, etc. The work of Quantitative Analyst Intern will be guided by Senior Quantitative Analysts who lead model reviews.

Specific tasks performed during model reviews include but are not limited to:

• Assessing model theory and assumptions as well as considering alternative modeling methods and approaches

• Testing and confirming model results by using documented procedures for running models

• Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results

• Review and assess model changes and conduct targeted validation on significant model changes

• Assessing the integrity of data inputs

• Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing

Qualifications

• Working towards Bachelor’s degree in Statistics, Data Science, Finance, Economics, Financial Engineering, Mathematics, or other quantitative disciplines.

• Strong analytical, quantitative modeling, and research skills.

• Programming experience preferred: Python, R, SQL, MATLAB, VBA, or similar.

• Excellent written and verbal communication skills.

• Knowledge of financial markets and products.

• Exposure to model development or model validation through coursework or prior internship experience is preferred.

What You’ll Gain

• Hands‑on experience with real‑world risk and valuation models used at a global financial institution.

• Exposure to advanced modeling techniques and regulatory frameworks such as Basel and CCAR.

• Development of strong technical, analytical, and communication skills.

• Opportunity to work with senior quantitative leaders and gain mentorship in a highly specialized risk discipline.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job Description

In this role, you will work closely with a small team focusing on modernizing model risk management functions within a large financial institution. You will own specific tasks and projects and will gain hands-on experience while contributing to the team’s success. While exercising your own judgment on how to perform tasks, you will receive close guidance and mentorship aimed at helping you grow. You will build strong working relationships with your peers and supervisor and will gain valuable experiences in a professional environment.

Candidates should be final-year undergraduate students pursuing degrees in Computer Science, Software Engineering, Data Science or related technical disciplines. Introductory level coursework in economics and/or finance is desirable.

Candidates should have the following skills and proficiencies:   

• Demonstrated experience in Python, JavaScript, and C++ with the ability to develop, test, and maintain applications using these languages.

• Proficiency in developing Generative AI and agentic AI applications, including designing, implementing, and deploying advanced AI models and autonomous agents that solve real-world problems, is required. Candidates should be able to demonstrate hands-on experience with relevant frameworks and tools and possess a strong understanding of the underlying architectures and ethical considerations in AI development.

• Hands-on experience with Microsoft Azure, including deploying, managing, and monitoring cloud-based solutions within the Azure platform is required.

• Experience in application development with a strong emphasis on designing and implementing intuitive, user-friendly interfaces is highly desirable.

• Strong data analytics skills, including the ability to interpret complex datasets, utilize data visualization tools, and apply statistical methods to derive business insights and inform decision-making. Experience with platforms such as Power BI, Tableau, or similar analytics software is highly desirable.

• Experience in database management, including designing, implementing, and maintaining relational and non-relational databases to ensure data integrity and security is highly desirable.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Who we are looking for

We are looking for a Model Risk Senior Audit Manager, Vice President to join our model risk audit team, to oversee audit engagements focusing on the review of models, tools or quantitative analytics used for financial risks, operational risks, financial crimes, as well as AI applications. In this role, under the direction of senior audit management for Enterprise Risk Management, you will perform model universe risk assessment, draft multi-year audit plan, oversee or lead audit project execution (i.e., planning, assessments, testing and reporting) and continuous monitoring. You will also play a critical role in the ongoing development of audit staff, resource scheduling and support various departmental initiatives.

This role is based out of Bangalore in India.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Model Risk Senior Audit Manager, Vice President you will:

• Oversee execution and delivery of quantitative model review for measuring credit risk, market risk, counterparty credit risk, pricing, liquidity, stress testing, throughout audit planning, assessment and reporting phases.

• Plan and oversee audits according to the Corporate Audit’s risk-based audit methodology and internal standards, industry practices and regulatory guidance (e.g. SR 11-7 on Model Risk Management, ECB guide / BaFin requirement on internal models)

• Execute model risk audit strategy including assessing model inventory and model classes across the firm, developing risk-based audit plans, and performing continuous monitoring of latest internal model risk management practices and industry trends.

• Review audit workpapers and issues to ensure audit procedures and conclusion on model technical details are sufficient and in line with internal standards and/or regulatory expectations.

• Manage and update model team staff schedules to meet audit plan demand including proper skillsets and experience level.

• Proactive development of team members, enabling the achievement of goals and objectives.

• Collaborate with audit teams in Enterprise Risk Management, Compliance, Global Treasury, etc., to provide model risk expertise support for various business domain and risk stripes, including model governance, validation, and/or specific technical topics.

• Communicate audit progress, findings, management awareness and recommendations effectively to audit senior management and provide feedback on expected remediation evidence with key stakeholders in the organization

• Develop and maintain a thorough understanding of the operating environment of the responsible areas, including key business products / services, data and model infrastructure and lineage, key stakeholders roles, and regulatory environment.

• Establish and maintain healthy relationships with key stakeholders across the three lines of defense and assist management in understanding and implementing / maintaining internal control principles.

What we value

These skills will help you succeed in this role

• Experience leading and supervising audit projects, within the global financial services industry.

• A high degree of professionalism with proven history of providing effective leadership to diverse teams across the globe.

• The ability to manage complexity, effectively prioritize multiple tasks and work independently in a fast-paced environment.

• Demonstrated ability to synthesize understanding of business processes into value added feedback on model risk and control environment.

• Proven ability to research, interpret and apply regulatory requirements.

• Excellent analytical, problem resolving, interpersonal, and organizational skills.

• Strong written and verbal communication, presentation, and technical writing skills.

• Advanced project management skills.

• Fluency in English - written and spoken.

Education & Preferred Qualifications

• Master’s degree or above in quantitative finance, financial engineering, economics, statistics, mathematics or a related quantitative field.

• 10+ years of experience in a financial institution, research agency or consulting firm, engaged in model development, model validation, auditing, quantitative research.

• Demonstrated experience in review of model input data, key assumptions, code, and model performance testing to assess the key model development risks and evaluate the design and effectiveness of corresponding controls.

• Demonstrated work exposure to financial services and products that State Street offers (e.g. custody, securities finance, derivatives, FX, etc.).

• Demonstrated work experience to quantify or determine credit risks, market risk, counterparty risk, liquidity, pricing and/or financial crimes risks.

• Working knowledge of at least one development language: e.g. R, Python and/or Matlab.

• CFA and/or FRM preferred.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients

safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement