Opis pracy

  • Model Development Quantitative Analyst, Assistant Vice President

  • Krakow, Poland
  • Who we are looking for

    Model Development Quantitative Analyst, AVP will report to the Head of Model Development in Poland and will be responsible of supporting the US team to conduct model development activities within existing ERM department. The Poland team will cover the models used at State Street to make business and operating decisions—most notably regulatory and macroeconomic models. Currently, we are searching for the senior macroeconomic models developer.

    Why this role is important to us

    The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

    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 Model Development Quantitative Analyst you will

    Support the US team to conduct model development activities and ensure model risks are correctly identified, assessed, and captured

    Assess model theory and model assumptions as well as consider model methods and potential options.

    Test and confirm model results by using documented procedures for running the model(s).

    Write the code documentation for proper model implementation.

    Work with model validation team members and information technology professionals to determine model risk and integrity.

    Assess the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing.

    Ensure compliance with the State Street quality requirements for model risk.

    Deliver the model results on regular meetings with business experts.

    What we value

    These skills will help you succeed in this role

    Excellent coding skills with experience in either R, Python, Matlab, C++, SAS and/or SQL.

    High proficiency in the use of standard MS Office software: Excel, Word, Power Point.

    Advanced knowledge of data analysis and management, calculus, statistics, probability and simulation modeling

    Strong verbal and written communication skills, with ability to articulate effectively ideas and analysis to 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

    Education & Preferred Qualifications

    At least 4 years of experience in roles related to quantitative finance or quantitative research (model validation, model development, model audit, ALM etc.), including model documentation and implementation;

    PhD in related disciplines or Master’s degree with extensive business knowledge and strong technical skills (e.g. Statistics, Econometrics, Mathematics, Computer Science or Engineering); CFA, FRM or PRM designation a plus

    We offer

    Employee savings plan;

    Premium life insurance package;

    VIP 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.