Quantitative Risk Analyst – Model Validation
An entry-level model validation role in the bank's model risk team, reporting to the China validation lead. It supports independent testing of models worldwide, from credit and market risk to pricing and AI.
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.
- Run assigned statistical tests on credit, market, climate, pricing and AI models
- Prepare data and apply statistical or machine learning checks of model performance
- Write up methodology, results and limitations for validation reports
- Relay questions and track actions between validators and model developers
- Automate repetitive validation analysis
What they ask for
Required
- Master's or higher in statistics, economics, maths, computer science or engineering
- Strong quantitative reasoning
- Python, R or Matlab
- Clear explanation of analysis to different audiences
Preferred
- Internship or research experience in quantitative modelling or risk
- Credit or market risk coursework
- Knowledge of Basel, stress testing and CCAR
- CFA or FRM
- Education
- Master's degree or higher in statistics, economics, maths, computer science or engineering
- Experience
- Prior work experience not required; entry level
- Languages and tools
How to prepare
- Build a simple PD model and run discrimination, calibration and back-testing checks on it
- Learn the lifecycle of model risk management and what 'effective challenge' means
- Practise writing a short validation memo with limitations clearly stated
- Read the basics of Basel capital rules and stress testing
What to study
- Quantitative Risk Management
- Probability, Statistics and Financial Data
- Python for Quantitative Finance
- Econometrics and Financial Time Series
The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.
Open the roadmapApply
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.