Who we are looking for

The Model Validation Quantitative Analyst will join the Model Risk Management team in Poland and will be responsible for conducting model validation activities. The MRM Poland team will cover the models used at State Street to make business and operating decision as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including interest rate risk, Asset Liability Management, market risk, counterparty credit risk, operational risk; liquidity risk and asset management.

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. In your 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 you will be responsible for

• Conducting model validation activities and ensure model risks are correctly identified, assessed, and captured,
• Assessing model theory and model assumptions as well as considering model methods and potential options,
• Testing and confirming model results by using documented procedures for running the model(s),
• Reviewing code documentation for proper model implementation, including the possible simulation of results,
• Working with data validation members and information technology professionals to determine model data integrity,
• Performing model validation processes and performing independent model validation of significant models,
• Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing,
• Identifying issues and requiring improvements related to the applicability of the different models assessed in meeting their objectives,
• Ensuring compliance with the regulatory (SR11-7) and State Street quality requirements for model risk,
• Delivering validation findings via management presentations and regular reports
• Communicating with onsite validators, model owners, model developers and business to relay the issues and feedback and capture the action plans,
• Ensuring quality checks and controls including standardization of assessments and dissemination of feedback across team members.

What we value

These skills will help you succeed in this role

• Strong verbal and written communication skills, with ability to effectively articulate ideas and analysis to model owners, model developers and senior management,
• Hands-on and results oriented, willingness to work in a position with uneven and high priority project work,
• Willingness and ability to master concepts quickly,
• Ability to gain trust and respect of business partners,
• Able to complete tasks independently and as part of a team to high quality standards.

Education & Preferred Qualifications

• Master’s or PhD degree in Finance, Financial Engineering, Data Science, Economics, Mathematics, Statistics or related field. CFA, FRM or PRM designation a plus,
• 1-2 years of experience in model validation or other relevant experience in quantitative finance
•  Strong knowledge of theoretical and empirical finance across a broad range of products and asset classes
• Excellent quantitative modeling, analytical, research, data analysis and programming skills (e.g. R, Python, SAS, Stata, SQL)

We offer

• Employee savings plan,
• Life insurance package,
• Medical package,
• International operating environment,
• Language classes,
• Soft skills trainings,
• Technical workshops,
• Development sessions with a mentor,
• Diversity of opportunities across a range of challenging and highly complex activities,
• Technical or leadership career pathway.

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.

Minimum Salary:​

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.​

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.​

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.​

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We Offer:​

• Permanent contract from day one​

• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)​

• Gold Medical Package for employees and their families (partner and children)​

• Premium life insurance package and private pension plan​

• Wide range of soft skills training, technical workshops, language classes and development programs​

• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice​

• Variety of well-being programs​

• Additional benefits available depending on the seniority of the role

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.

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