Model Risk Management Governance, Officer

Who we are looking for

As part of State Street’s Model Risk Management (MRM) function, the Model Risk Governance Team is charged with a number of responsibilities including owning the firm’s model risk management framework (including the Policy, Guidelines, and Procedures), performing/overseeing model validation review activities, providing guidance on appropriate model usage in the business context, managing the firm’s model inventory, evaluating ongoing model performance testing, performing quality assurance functions, and evaluating regulatory requirements.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

State Street is seeking an Officer to join the MRM Governance team based in Poland. The Officer will be primarily responsible for the MRM Quality Assurance (QA) function. The MRM QA function is responsible for doing quality assurance reviews for two primary activities, both of which are essential parts of the MRM Framework.:

Model validation activities performed by MRM’s Model Validation Group (MVG) Ensuring that the data contained in MRM’s model inventory remains accurate and up to date

Specific duties generally include the following:

• Reviewing the consistency and accuracy of model validations performed by MRM’s MVG to ensure MRM remains compliant with its own policies and guidelines
• Reviewing model / non-model determinations made by MVG personnel to ensure consistency of approach and method across various MVG teams
• Analyzing model inventory data to ensure completeness and accuracy
• Communicating quality assurance results and observations with relevant stakeholders
• Supporting general maintenance of the data in MRM’s model inventory, which contains hundreds of models with hundreds of attributes
• Supporting the Model Inventory Certification process, including working with business partners to address inquiries and provide guidance as needed

What we value

These skills will help you succeed in this role:

• Demonstrated ability to win trust and respect of colleagues and business partners
• High results orientation and can-do attitude
• Detail oriented with strong issue identification and gap assessment skills
• Strong analytical abilities and reasoning skills
• Team player in a fast-paced, high-energy environment
• Ability to handle multiple concurrent tasks and changing priorities
• Excellent organization skills, including strong attention to detail

Education & Preferred Qualifications

• A minimum of a Bachelor’s degree
• Proficiency in Excel / PowerPoint / MS Applications

Additional requirements

• Excellent written and oral communication skills (a writing sample may be required)
• Project management experience preferred
• Desire to learn and get involved with data related activities

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

State Street\’s Speak Up Line

#J-18808-Ljbffr