Head of Risk Analytical Library Development, VP

Company: STATE STREET CORPORATION
Location: Clifton
Posted on: March 18, 2023

Job Description:

Head of Risk Analytical Library Development, VP page is loaded Head of Risk Analytical Library Development, VP Apply locations Clifton, New Jersey time type Full time posted on Posted Today job requisition id R-730820 Head of Risk Analytical Library Development - VP - Hybrid, NY/NJWhy this role is important to usThe 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 forAs Head of Risk Analytical Library Development you will:

• Lead a team to develop and maintain analytical library for a range of risk models and processes including scenario expansion, credit models used for CCAR/CECL/ICAAP
• Build the team with strong coding and engineer skills for library development
• Implement controls and user interfaces as required for users of analytical library
• Work with production integration team to migrate the instances of models/processes, which produce the final production results into IT controlled production environmentWhat we valueThese skills will help you succeed in this role:
  • Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
  • Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
  • Organizational strengths: an ability to organize resources, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
  • Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
  • Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness
  • Talent manager: an ability to quickly assess strengths and weaknesses of team members at all levels, and ability to identify developing talent and nurture accordingly, and an ability to deliver clear, honestEducation & Preferred Qualifications
    • Master or PhD in a quantitative field. Such as Computer Science, Economics, Statistics, Mathematics, Finance or equivalent
    • 10+ years of modeling and analytics experience financial institution
    • Recent and hands-on experiences of developing risk analytical library
    • Demonstrated modeling and process knowledge of scenario expansion and credit risk for CCAR/CECL/ICAAP
    • Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as BASEL III, stress testing and CCARWhat we offerWide range of benefits, including:
      • Medical
      • Prescription Drug
      • Health Savings Account (HSA)
      • Flexible Spending Accounts (FSAs)
      • Dental
      • Vision
      • Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
      • Employee-Paid Long-Term Disability
      • Critical Illness Insurance
      • Accident Insurance & Hospital Indemnity Insurance
      • Business Travel Accident Insurance
      • Short-Term Disability
      • Identity Theft Protection
      • Legal Benefits
      • BeWell Programme
      • Paid Time Off
      • Employee Assistance Program (EAP)
      • Salary Savings Program (SSP)Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.About State StreetWhat 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 Salary Range:$120,000 - $195,000 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. Similar Jobs (2) Head of Portfolio Solutions & Currency Management IT locations 27 Locations time type Full time posted on Posted 5 Days Ago Scenario and Credit Risk Model Implementation Lead, VP locations Clifton, New Jersey time type Full time posted on Posted Today About Us 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. Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You'll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us. As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. For more information, for U.S. jobs only, please read our CEO Statement .

Keywords: STATE STREET CORPORATION, Clifton , Head of Risk Analytical Library Development, VP, Executive , Clifton, New Jersey