Quantitative Risk Management Professional

1 week ago


Toronto, Ontario, Canada myGwork Full time

Company Overview:

State Street is a leading global custodian bank, asset manager, and asset intelligence company. With over two centuries of experience, we help our clients safeguard and steward the investments of millions of people.

About the Role:

We are seeking a highly skilled Model Risk Audit Manager, Assistant Vice President to lead audit engagements focused on reviewing models, tools, and quantitative analytics used for credit risk, market risk, counterparty risk, stress testing, and liquidity risk. As part of our team, you will execute independent model reviews and manage audit engagements through all aspects of the audit, including planning, assessments, testing, and reporting.

Your Responsibilities:

  • Execute quantitative reviews of models or tools used for credit risk, market risk, counterparty risk, liquidity risk, stress testing, compliance/anti-fraud, artificial intelligence, and other areas.
  • Plan, oversee, and execute audits according to our Division's risk-based audit methodology, internal standards, industry practices, and regulatory guidance.
  • Review model input data, key assumptions, and model performance testing to assess key model development risks and evaluate the design and effectiveness of corresponding controls.
  • Communicate potential and identified findings and recommendations with audit management and engage in negotiating solutions with key stakeholders.
  • Draft audit reports that clearly communicate overall conclusions, including key risks, identified issues/gaps, and their root cause, and impact to the organization.

Requirements:

  • A Master's degree or above in quantitative finance, financial engineering, economics, statistics, mathematics, or a related quantitative field.
  • 4+ years of experience in a financial institution, research agency, or consulting firm, engaged in model development, quantitative research, validation, auditing, etc.
  • Fluency in English (written and spoken). Fluency in Mandarin is a plus.
  • Working knowledge of at least one development language: e.g., R, Python, and/or Matlab.
  • Certification (CFA, FRM) preferred.
  • Willingness to further develop skills in control assessment.

About Us:

We value diversity and inclusion and are an equal opportunity employer. We believe that a diverse workforce enhances our ability to understand and serve our clients. We also believe in creating an inclusive work environment that allows each employee to contribute their unique perspectives and talents. Our commitment to diversity and inclusion starts at the top and permeates every level of our organization.



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