ICAAP Risk Analyst, Assistant Vice President, Hybrid

State Street Corporation is a leading global financial services provider headquartered in Boston, Massachusetts. It offers a broad range of services, including investment servicing, investment management, and data and analytics solutions, catering to institutional investors worldwide. State Street is renowned for its expertise in managing complex financial operations, supporting clients such as asset managers, insurance companies, and pension funds. The company is committed to innovation, leveraging advanced technology to deliver cutting-edge solutions in risk management, compliance and efficiency.

You will be part of the Centralized Modeling, Analytics & Operations group within Enterprise Risk Management’s Financial Risk organization, responsible for driving State Street’s international capital management efforts including : capital planning, capital adequacy analytics and reporting, Stress Testing and end-to-end program management for the global Legal Entities’ internal capital and liquidity adequacy and risk assessments. You will collaborate closely with key stakeholders across the organization, including Finance, Enterprise Risk Management, Global Treasury, Audit, Business Controls, Business and senior management.

Who we are looking for

This is a finance analytical / quantitative leadership position in State Street’s CMAO team within ERM. Candidates need to have a strong understanding of quantitative finance and statistics as well as robust finance, business strategy and project management skills. The successful candidate will be responsible for leading key capital-related modelling and quantitative initiatives including stress testing, capital adequacy and regulatory document / analytical submissions working in conjunction with Finance, Enterprise Risk Management, Compliance and Business.

What you will be responsible for

• Key contributor to State Street’s global capital management driving capital adequacy analytics, reporting, strategic planning and policies and procedures.
• Leadership of the process, analytics and governance of the global legal entities capital adequacy and liquidity assessment (including the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Capital Adequacy and Risk Assessment (ICARA)) including scenario stress testing, risk quantification, capital planning, capital dividend considerations, policies, controls and document / presentation update and approval. Key leadership of the quantitative models including controls and oversight.
• Proactively direct the project management planning for the team’s key deliverables working with Risk Management, Finance, Capital and Liquidity Management and business leads.
• Proactively drive value-add enhancements to the analytics, project management, reporting, regulatory requirements and quality assurance of the international capital risk assessments collaborating with Risk Management analytics team and management.
• Support requests from Audit, Model Validation Group, local regulators and other oversight teams to drive effective risk management
• As a model owner ensure models’ compliance with Model Risk Management policies; maintain technical documentation; effective version control of model implementation
• Design, implement and execute model controls & procedures from technical and / or quantitative standpoint
• Keep an up to date model inventory, ensuring timely submission of regular deliverables
• Prepare ad-hoc analyses as requested by senior management, with the ability to translate detailed information into concise, actionable items.

What we value

Education & Preferred Qualifications

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