Position: Markets Quantitative Analyst

Title: Officer

Location: Hangzhou, China

State Street Markets (“SSM”)  is looking for an Officer to join the SSM Model Risk team in Hangzhou. SSM Model Risk team provides solutions to SSM business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, Global Link, State Street Associates, and SSM Markets Surveillance, allowing business units to address Model Risk requirements from internal oversight functions and external regulators.

Job Description

The Officer 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 SSM Model Risk lead. The Officer is responsible for multiple facets of the overall project management and execution process, including:

Development, review, and documentation of front office models within different SSM business unitsJustifying modeling assumptions and model results to internal model validation groupPreparation and delivery of engagement status updates to key stakeholdersWorkflow management to ensure deliverables are prepared according to their timelines

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

Key ResponsibilitiesSupport model owner, in the execution of engagement-specific statistical/financial modeling and analyses, and in preparation of final model deliverablesSupport SSM Risk and Capital Optimization team on quantitative analyses related to monitoring, forecasting and remediation of risk and regulatory resourcesCollaborate with model owner in designing and implementing suitable and effective model ongoing monitoring plan including performance metrics, thresholds, and escalation planSupport SSM Model Risk senior analyst to develop comprehensive first line of defense documentation including model development, implementation, and ongoing monitoring documentsWork with model owners and developers on updating models to meet requirements from internal model validation groupDesired Skills & ExperienceStrong understanding of quantitative analysis methods in relation to financial institutionsAdvanced 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 a plusKnowledge of financial markets (securities lending, equities and derivatives, FX or electronic trading, etc.) is a plusA demonstrated ability to multi-task and operate in a fast-paced, deadline-oriented environmentStrong 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 interestsGraduate degree in a quantitative discipline (Financial Mathematics, Financial Engineering, Mathematics, Statistics, or a related field)2 to 4 years of working experience in model risk field recommended