Who we are looking for
As a Risk Analyst within State Street Global Advisors’ (SSGA) Enterprise Risk Management (ERM) team, you will provide an independent validation of business models developed by SSGA. You will need the ability to organize both qualitative and quantitative information in a meaningful way to develop and implement plans to mitigate risks to SSGA.
In this role you can anticipate substantive interaction with several global business functions, and will need to communicate effectively with a wide range of people. You will also work closely with other Model Risk Management team members on conducting validations of new models and advising on changes to existing models. You will drive a risk-aware culture throughout the organization by challenging the status quo and providing objective thought leadership to our organization and the financial industry.
The role is location agnostic and could be based out of our office in Cracow or out of other remote locations in Poland.
Why this role is important to us
The team you will be joining is a part of State Street Global Advisors, one of the biggest asset managers in the world, that provides services to the world’s governments, institutions and financial advisors across the globe. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. Join us if making your mark in the asset management industry from day one is a challenge you are up for.
What you will be responsible for
As a Risk Analyst you will
Support Model Risk Management in achieving regulatory compliance while gaining efficiency and productivity
Review the model workflow and identifying gaps in model development, implementation and usage process and documentation
Collaborate with portfolio managers, traders, researchers, IT, and Corporate Model Risk Management to conduct independent full scope validation as well as annual reviews of SSGA investment models
Review and assess model changes and conduct targeted validation on significant model changes
Evaluate remediation submissions and ongoing monitoring of SSGA investment models
Identify, assess, and report model risks on individual model and aggregate level to management through validation reports for all SSGA models
Assist in various ad-hoc requests
What we value
These skills will help you succeed in this role
Effective articulation of ideas and analysis
Adaptation to a changing environment and handling multiple priorities to tight deadlines
Ability to gain trust and respect of business partners while bringing objective and independent challenge to their activities
Education & Preferred Qualifications
Master’s degree in finance, mathematics, statistics, or a related quantitative field
Experience in modeling or validation in financial industry would be an asset
Programming fluency in Python/R/Matlab language is highly preferred
Strong verbal and written in English skills are essential
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