Quantitative Risk, Vice President, Hybrid

Job title:

Quantitative Risk, Vice President, Hybrid

Company:

State Street

Job description

Who we are looking forState Street Poland is looking for a manager and leader responsible for Model Risk Management function within Enterprise Risk Management organization in Poland. In collaboration with the Global MRM, Head of MRM in Poland will be responsible for conducting model validation activities and leading a team of highly qualified individuals within the existing ERM department. The Poland team will cover the models used at State Street to make business and operating decisions—most notably regulatory and economic capital models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including wholesale credit risk, market risk, operational risk, liquidity risk and asset management.Why this role is important to usThe 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 teams like yours to help navigate employees and the organization as a whole. 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 forAs Quantitative Analyst and team manager, you will Lead a team to conduct model validation and model governance activities:

• Perform validations in accordance with the model risk policy and guidelines on various models in areas including wholesale credit risk, market risk, operational risk, liquidity risk and asset management..
• Understand regulatory requirement such as Basel, CECL, IFRS9, CCAR, ICAAP and keep abreast of recent developments in academic research, industry practice and regulatory expectations as related to credit risk, market risk, investment risk, climate risk and AI.
• Streamline the existing validation and analytical process and improve execution efficiency to meet business needs
• Perform deep analysis on large scale datasets through applying statistical analysis or machine learning approaches.
• Conduct quantitative analysis to evaluate and quantify risks of various models.
• Communicate with model developers and business to relay the issues and feedback and capture the action plans.
• Prepare and present required reports/reviews to management and regulators.
• Day-to-day management and coaching of all direct reports,
• Ensuring that Poland Team follows model validation policies and maintains model inventory across the various business units and functions,

What we valueThese skills will help you succeed in this role

• Management experience leading a team of risk or risk related professionals,
• Experience related to quantitative finance or quantitative research, ideally within a major bank.
• Strong verbal and written communication, negotiation and influencing skills, with ability to effectively articulate ideas and analysis to senior management,
• Ability to build consensus and relationships among senior managers, stakeholders, and the team.
• Strong programming skills in at least one programming language (R, Python, MATLAB, C++, SAS etc.)
• Hands-on and results oriented, willingness to work in a position with uneven and high priority project work,
• 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

• PhD or master’s degree in related disciplines (e.g., Finance, Economics, Statistics, Econometrics, Mathematics, Computer Science or Engineering) with extensive business knowledge and strong technical skills.
• At least 8 years of experience in roles related to quantitative finance or quantitative research (model validation, model development, etc.);
• Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as Basel, CECL, IFRS9, stress testing and CCAR Proven interpersonal and communication skills.

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 StreetWhat 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.

Expected salary

Location

Kraków, małopolskie

Job date

Thu, 12 Dec 2024 08:43:31 GMT

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