At a Glance
- Tasks: Enhance risk models and perform detailed analytics in a dynamic team environment.
- Company: Join State Street, a global leader in institutional investing and risk management.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Collaborate with global teams and enjoy vibrant employee networks.
- Why this job: Make a real impact on market risk modelling while growing your analytical skills.
- Qualifications: Advanced degree in a quantitative field and 3-6 years of relevant experience.
The predicted salary is between 60000 - 80000 £ per year.
State Street is seeking an Assistant Vice President – Quantitative Analyst to join the Centralized Modelling, Analytics & Operations (CMAO) team within Enterprise Risk Management. CMAO develops and maintains risk‑measurement models across both the banking book and the trading book. The initial focus of this role is to support key enhancements to Interest Rate Risk in the Banking Book (IRRBB) and Credit Spread Risk in the Banking Book (CSRBB). This involves hands‑on modelling, analytics, documentation, and close partnership with senior team members responsible for the overall framework. As skills and capacity allow, the AVP may also gain exposure to broader Enterprise Market Risk modelling, including trading‑book interest‑rate and credit‑spread risk, making this an excellent development role for someone who wants to expand into cross‑book market‑risk modelling. The position is based in the United States with regular collaboration with colleagues in the UK and EMEA.
Key Responsibilities
- IRRBB & CSRBB Analytics and Model Enhancement (Primary Focus)
- Support enhancements to IRRBB/CSRBB methodologies in QRM, including EVE and NII modelling.
- Perform detailed analysis of sensitivities, behavioural assumptions, scenario impacts, and attribution of results.
- Assist with ensuring analytics are produced consistently and align with risk‑appetite and governance expectations.
- Help diagnose issues in model configuration, data inputs, and scenario behaviour.
- Documentation, Review Support, and Governance Preparation
- Contribute to technical documentation describing model assumptions, methodology, configuration, and limitations.
- Prepare analysis for senior‑management committees, model‑risk review, and internal challenge sessions.
- Support responses to Model Risk Management, Internal Audit, and oversight groups by assembling evidence, data extracts, and explanations.
- Broader Market‑Risk Modelling (Development Opportunity)
- Assist with cross‑book analytical work across banking‑book and trading‑book interest‑rate and credit‑spread risk.
- Contribute to enhancements in risk‑factor modelling, scenario design, sensitivities, and stress testing.
- Work with Global Markets Risk teams on market‑data analysis, curve construction, and spread analytics.
- Cross‑Functional Analytical Support
- Collaborate with CMAO, Treasury, Model Risk Management, and regional teams.
- Communicate technical results clearly to colleagues with varying quantitative backgrounds.
- Manage workloads across multiple workstreams and deliver high‑quality work within timelines.
Qualifications & Experience
- Essential
- Advanced degree in a quantitative discipline.
- 3–6 years of experience in IRRBB/CSRBB, ALM, market risk, model development, or related analytics.
- Working experience with QRM.
- Strong analytical and programming skills in Python, R, or similar.
- Understanding of IRRBB/CSRBB regulatory expectations.
- Ability to produce clear technical documentation.
- Desirable
- Exposure to trading‑book market‑risk analytics or derivative pricing.
- Experience supporting model validation or audit.
- Familiarity with risk‑factor modelling, sensitivity calculations, or scenarios.
- Experience handling large and complex market‑data sets.
Soft Skills
- Strong written and verbal communication skills.
- Curiosity and willingness to grow across banking‑book and trading‑book risk domains.
- High attention to detail and organisational skills.
- Ability to work in dynamic environments.
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.
Enterprise Market Risk Quantitative Analyst (IRRBB & CSRBB), AVP in London employer: State Street Corporation
State Street is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work environment where collaboration and innovation thrive. With a strong commitment to professional development, flexible work-life balance, and inclusive employee networks, you will find ample opportunities to enhance your skills in quantitative analysis while contributing to meaningful projects in risk management. Located in the United States, this role allows for regular interaction with colleagues across the UK and EMEA, enriching your professional experience and expanding your global perspective.
StudySmarter Expert Advice🤫
We think this is how you could land Enterprise Market Risk Quantitative Analyst (IRRBB & CSRBB), AVP in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like State Street Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Enterprise Market Risk Quantitative Analyst (IRRBB & CSRBB), AVP in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to State Street Corporation.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on State Street Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at State Street Corporation
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with State Street Corporation.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at State Street Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former State Street Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
