Quantitative Risk, AVP

Found in: beBee S CN - 3 weeks ago

Hangzhou, China State Street Full time

Position: GM Senior Quantitative Analyst

Title: Assistant Vice President

Location: Hangzhou, China

State Street Global Markets (âSSGMâ)  is looking for an Assistant Vice President (âAVPâ) to join the SSGM Model Risk team in Hangzhou. SSGM Model Risk team provides solutions to SSGM business units, including Securities Finance, FX Sales & Trading, Portfolio Solutions, Global Link, State Street Associates, and Funding and Collateral Transformation ("FaCT"),Global Treasury and State Street Digital, allowing business units to address Model Risk requirements from internal oversight functions and external regulators.

Job Description

The AVP will collaborate with model owner(s) in execution of Model Risk regulatory requirements for all active and in development quantitative models and will support Model Governance Infrastructure implementation under supervision of SSGM Model Risk Global Head. The AVP is responsible for multiple facets of the overall project management and execution process, including:

  • Development, review, and documentation of front office models within different SSGM business units
  • Justifying modeling assumptions and model results to internal model validation group
  • Preparation and delivery of engagement status updates to key stakeholders
  • Workflow management to ensure deliverables are prepared according to their timelines

The AVP will collaborate with different business lines, and engage with internal model validation group.

Key Responsibilities
  • Support model owner, in the execution of engagement-specific statistical/financial modeling and analyses, and in preparation of final model deliverables
  • Support GM Risk and Capital Optimization team on capital and liquidity related quantitative analyses
  • Set up database and server for GM Risk and Capital Optimization team for executing of quantitative analysis and model ongoing monitoring
  • Assume a key role in developing customized solutions to perform independent model testing, document the development methodology and implementation process, specifically:
    • Establish, based on class of model considered, appropriate benchmarking and back-testing techniques that would be reflective of the main modelâs purpose, horizon required, hedging implications and other important factors that might be relevant for holistic assessment of model performance
    • Identify key model risks, by stress testing model inputs and parameters
    • Demonstrate the stability of model over a variety of alternate specifications and range of input values which model is expected to operate. Evaluate extreme values for inputs to identify any boundaries of model effectiveness
  • Collaborate with model owner in designing and implementing suitable and effective model ongoing monitoring plan including performance metrics, thresholds, and escalation plan
  • Develop comprehensive first line of defense documentation including model development, implementation, and ongoing monitoring documents
  • Work with model owners and developers on updating models to meet requirements from internal model validation group
  • Conduct post-implementation review of SSGM proprietary trading algos. including:
    • Review code and strategy changes to make sure they are in line with expectation and in compliance of FX Global Code
    • Independent testing of selected key components of trading algos
    • Communication with quants and developers to understand strategy changes
    • Justifying modeling assumptions and model results to internal model validation group and external regulators
    • Preparation and delivery of engagement status updates to key stakeholders
Desired Skills & Experience
  • Strong understanding of quantitative analysis methods in relation to financial institutions
  • Advanced programming skills in at least one supported statistical programming environment (Python, R, or MATLAB), with intermediate programming skills in VBA and other languages
  • Java experience is preferred
  • Knowledge of financial markets (security lending, equities and derivatives, FX or electronic trading, etc.) is a plus
  • High level understanding of capital and liquidity related regulations
  • A demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environment
  • Strong verbal and written communication skills, with ability to articulate ideas, analysis and complex concepts effectively to individuals from various backgrounds and ability to facilitate discussions and resolve conflicts between various stakeholders with competing interests
  • Graduate degree in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, or a related field)
  • 2 to 5 years of working experience in model risk field recommended

  • Quantitative Risk, Officer

    Found in: Talent CN S2 - 2 weeks ago

    Hangzhou, China State Street Full time

    Who we are looking for An experienced professional with a strong technical and quantitative aptitude to act as a Quantitative Risk Manager, Officer based in Hangzhou, China. This role will report to model validation lead in China, within Model Risk Management Department. Why this role is important to us The team you will be joining plays an important...

  • Quantitative Risk, Officer

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    Who we are looking forAn experienced professional with a strong technical and quantitative aptitude to act as a Quantitative Risk Manager, Officer based in Hangzhou, China. This role will report to model validation lead in China, within Model Risk Management Department.Why this role is important to usThe team you will be joining plays an important role in...

  • Quantitative Risk, Officer

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    Who we are looking forAn experienced professional with a strong technical and quantitative aptitude to act as a Quantitative Risk Manager, Officer based in Hangzhou, China. This role will report to model validation lead in China, within Model Risk Management Department.Why this role is important to usThe team you will be joining plays an important role in...

  • Quantitative Risk, Officer

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    About Model Validation GroupThe Model Validation Group in Hangzhou, China will cover the models used at State Street to make business and operating decisions—most notably regulatory and economic capital models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including...

  • Operational Risk

    Found in: Talent CN S2 - 1 week ago

    Hangzhou, China State Street Full time

    Team The Enterprise Risk Management (‘ERM’) team supports the local businesses in the identification, analysis, and management of risk by promoting a framework of appropriate oversight, policies, guidelines and limits, together with a collaborative and consultative engagement model. Scope of Role Reporting into the Head of Operational Risk...

  • Operational Risk

    Found in: beBee S CN - 3 days ago

    Hangzhou, China State Street Full time

    TeamThe Enterprise Risk Management (‘ERM’) team supports the local businesses in the identification, analysis, and management of risk by promoting a framework of appropriate oversight, policies, guidelines and limits, together with a collaborative and consultative engagement model.Scope of RoleReporting into the Head of Operational Risk...

  • Quantitative Analyst, Assistant Vice President

    Found in: beBee jobs CN - 2 weeks ago

    Hangzhou, Zhejiang, China State Street Full time

    OverviewCentralized Modeling, Analytics and Operations (CMAO), a team within State Street's Enterprise Risk Management (ERM) department, is looking for an experienced and highly motivated professional with strong quantitative, problem-solving, and communication skills. The primary focus for the position will be to work with State Street's Scenario and...

  • Quantitative Analyst, Assistant Vice President

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    OverviewCentralized Modeling, Analytics and Operations (CMAO), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced and highly motivated professional with strong quantitative, problem-solving, and communication skills. The primary focus for the position will be to work with State Street’s Scenario...

  • Quantitative Analyst, Assistant Vice President

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    OverviewCentralized Modeling, Analytics and Operations (CMAO), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced and highly motivated professional with strong quantitative, problem-solving, and communication skills. The primary focus for the position will be to work with State Street’s Scenario...

  • Risk Analytic Library Senior Python Engineer

    Found in: beBee jobs CN - 3 days ago

    Hangzhou, Zhejiang, China State Street Full time

    Risk Analytic Library Senior Python Software EngineerPosition Overview:At State Street, we are dedicated to developing state-of-the-art financial technologies. Our team is seeking a visionary tech leader to innovate the design and implementation of a cutting-edge quantitative library that will revolutionize the way we analyze and process financial data. This...

  • Risk Analytic Library Senior Python Engineer

    Found in: beBee S CN - 3 days ago

    Hangzhou, China State Street Full time

    Risk Analytic Library Senior Python Software EngineerPosition Overview:At State Street, we are dedicated to developing state-of-the-art financial technologies. Our team is seeking a visionary tech leader to innovate the design and implementation of a cutting-edge quantitative library that will revolutionize the way we analyze and process financial data. This...

  • Risk Analytic Library Senior Python Engineer

    Found in: Talent CN S2 - 1 week ago

    Hangzhou, China State Street Full time

    Risk Analytic Library Senior Python Software Engineer Position Overview: At State Street, we are dedicated to developing state-of-the-art financial technologies. Our team is seeking a visionary tech leader to innovate the design and implementation of a cutting-edge quantitative library that will revolutionize the way we analyze and process financial...

  • Quantitative Analyst, Assistant Vice President

    Found in: Talent CN S2 - 2 weeks ago

    Hangzhou, China State Street Full time

    Job Description The Quantitative Analyst, Assistant Vice President position is in Hangzhou, China. As a member of the CMAO team, this individual must have hands-on experience in modeling with strong programming skills, and possess excellent verbal and written communication skills for interactions within CMAO as well as with internal and external...

  • Risk Analytic Library Python Lead Architect, VP

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    Position Overview:We are seeking a seasoned Python Lead Architect to spearhead the design and implementation of a cutting-edge quantitative library from the ground up. The ideal candidate will have an in-depth understanding of quantitative methodologies, Python development, and architectural best practices. This role is pivotal in setting the foundation for...

  • Fund Accounting, AVP

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    Who we are looking for:This role will serve business operations from risk governance, service governance and project management perspective. Such as leading and driving multiple governance committees, aiming to better support business from different angles (risk, training, Talent, etc.) as well as support our head of operation to drive corporate strategy and...

  • Fund Accounting, AVP

    Found in: beBee S CN - 3 weeks ago

    Hangzhou, China State Street Full time

    Who we are looking for:This role will serve business operations from risk governance, service governance and project management perspective. Such as leading and driving multiple governance committees, aiming to better support business from different angles (risk, training, Talent, etc.) as well as support our head of operation to drive corporate strategy and...

  • Application Developer

    Found in: beBee S CN - 2 weeks ago

    Hangzhou, China State Street Full time

    Why this role is important to us:The role will be responsible to develop the functionality for state street risk platform. This role is based in the China Hub and will report to the developer lead of truView development team.What you will be responsible for:Responsible for position data processing, quantitative model development, market data and reference...

  • Application Developer

    Found in: beBee jobs CN - 6 days ago

    Hangzhou, Zhejiang, China State Street Full time

    Why this role is important to us:The role will be responsible to develop the functionality for state street risk platform. This role is based in the China Hub and will report to the developer lead of truView development team.What you will be responsible for:Responsible for position data processing, quantitative model development, market data and reference...

  • Fund Accounting Senior Associate

    Found in: beBee jobs CN - 2 weeks ago

    Hangzhou, Zhejiang, China State Street Full time

    Who we are looking for:We are seeking to recruit an enthusiastic Hedge Fund Accounting professional to join our team. The role is responsible for assisting the Officer/AVP in preparing /reviewing all funds within their group, managing a group of A1/A2s, responsible for on the job training and development of their staff members, and acting as the main point...

  • Fund Accounting Senior Associate

    Found in: beBee jobs CN - 2 weeks ago

    Hangzhou, Zhejiang, China State Street Full time

    Who we are looking for: We are seeking to recruit an enthusiastic Hedge Fund Accounting professional to join our team. The role is responsible for assisting the Officer/AVP in preparing /reviewing all funds within their group, managing a group of A1/A2s, responsible for on the job training and development of their staff members, and acting as the main point...