About Model Validation Group

The Model Validation Group in Hangzhou, China will cover the models used at State Street to make business and operating decisions—most notably regulatory, economic capital and AI/ML models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including wholesale credit risk (e.g., probability of default, loss given default, exposure measurement, and loan loss reserving); market risk (e.g., daily value at risk pricing models, counterparty credit risk, Asset Liability Management risk, and terms structure models); operational risk; and AI/ML models related to bank’s business areas.

Who we are looking for

An experienced professional with a strong technical and quantitative aptitude to act as Quantitative Model Risk Analyst, Assistant Vice President based in Hangzhou, China.

Why this role is important to us

The 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 for

As Quantitative Model Risk Analyst, AVP you will

• Perform validations on quantitative models utilized by State Street for regulatory reporting and business decision-making.
• Execute validation framework for AI/ML models, including generative AI, nature language processing and deep learning models.
• Perform deep analysis on large scale datasets through applying mathematical derivation, statistical analysis or machine learning approaches.
• Conduct quantitative analysis to evaluate and quantify risks of various models.
• Streamline the existing analytical process; increase the pace of execution through automation.
• 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.

What we value

These skills will help you succeed in this role

• Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies.
• Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed.
• Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness.

Education & Preferred Qualifications

• Master or PHD degree in a quantitative disciplines (e.g. Artificial Intelligence, Data Science, Computer Science, Statistics, Mathematics, Financial Engineering or equivalents).
• 4+ years of working experience in quantitative analytics, including model development or independent model validation, in a financial service institution, fintech or consulting firm.
• Deep understanding of traditional machine learning, generative AI, deep learning and large language models and have experience in assessing model performance.
• Some understanding of various regulations such as Basel, stress testing and CCAR is a plus
• Proven communication skills in English.
• Advanced programming skills in at least one supported statistical programming environment (Python preferred).

Additional requirements

• Ability to take initiative and meet deadlines. 
• Finance and/or risk management certificates like CFA and FRM are preferred but not required.

LOCATION:  HangZhou, China

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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