Quant jobs / State Street

Markets Senior Quantitative Analyst – Model Risk, AVP

A model risk role inside the markets division, helping business units meet internal and regulatory model governance requirements. It also covers testing of proprietary trading algorithms and capital and liquidity analyses.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Design benchmarking and backtesting for model classes used by the markets business
Stress model inputs and parameters to find weak points
Review changes to proprietary trading algorithms, including code and strategy
Write first-line model documentation and monitoring plans
Support capital and liquidity quantitative analyses

What they ask for

Required

Graduate degree in financial maths, financial engineering, maths, statistics or similar
3-5 years in model risk recommended
Python, R or MATLAB at an advanced level
Intermediate VBA
Quantitative methods used in financial institutions
Clear written and verbal communication

Preferred

Java
Securities lending, equities, derivatives or electronic FX knowledge
Understanding of capital and liquidity regulation

Education: Graduate degree in financial maths, financial engineering, maths, statistics or related
Experience: 3-5 years in model risk recommended
Languages and tools: Python
R
MATLAB
VBA
Java
Markets: equities, fx

How to prepare

Backtest a simple model and report on stability across different parameter ranges
Learn the standard model risk lifecycle, tiering and ongoing monitoring
Read about testing algorithmic trading code and the FX Global Code
Practise explaining model assumptions to a non-technical reviewer

What to study

The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on State Street’s site before applying: requirements, location and pay can change after we check them.

View the posting on State Street’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with State Street and doesn’t handle applications.