Quant jobs / State Street

Quantitative Risk Analyst – Counterparty Credit Risk, AVP

A quant modelling role in the enterprise risk centralised analytics team, covering counterparty credit risk for the markets business. It supports both day-to-day risk management and regulatory CCAR deliverables.

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.

Research and prototype methodologies for exposure models such as VaR, PFE and CVA
Build analytics for financing, prime services and rates, FX and equity derivatives
Set up monitoring plans with metrics, thresholds and escalation steps
Improve the existing codebase and document methodology
Deliver CCAR outputs on schedule

What they ask for

Required

Master's or PhD in financial maths, engineering, statistics or computer science
2-4 years in financial modelling
Developing or validating VaR, PFE and CVA models
Derivative, RMBS and equity pricing
Yield curve building and interest rate modelling
Python and SQL

Preferred

Machine learning
CCAR regulatory knowledge

Education: Master's or PhD in financial mathematics, financial engineering, maths, statistics or computer science
Experience: 2-4 years of financial modelling as a key contributor
Languages and tools: Python
SQL
Markets: fixed-income, fx, equities

How to prepare

Simulate exposure profiles for swaps and compute PFE and expected exposure
Implement a basic CVA calculation with a hazard-rate credit curve
Build a yield curve bootstrapper and price a few rates products against it
Learn how stress testing under CCAR flows into capital planning

What to study

The Risk 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.