SSGA Model Risk Officer

Posted on Mar 15, 2019 by State Street UK

Kraków, Kraków Poland
Banking
13 Mar 2019
Annual Salary
Full-Time
Our Team
All over the world, institutional investors rely on State Street Global Advisors 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 critical to our continued success. Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our values. It's also part of our dedication 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. State Street is an Equal Opportunity Employer.
Sitting within the 2nd line of defense, this Officer / Senior Associate will report jointly to the Operational Risk Lead of the Poland branch and the Head of SSGA Model Risk team. The SSGA Risk team is made up of over 70 risk professionals based in London, Dublin, Germany, and Poland, together with the US and Asia. As a combined group, we are responsible for identification, control, and reporting of operational, investment, credit and liquidity risk globally.

Your Duties and Responsibilities
As a member of the Model Risk team, you will:
  • Support Model Risk Management in achieving regulatory compliance while gaining efficiency and productivity
  • Review the model workflow and identifying gaps in model development, implementation, and usage process and documentation
  • Collaborate with portfolio managers, traders, researchers, IT, and Corporate Model Risk Management to conduct independent full scope validation as well as annual reviews of SSGA investment models
  • Review and assess model changes and conduct targeted validation on significant model changes
  • Evaluate remediation submissions and ongoing monitoring of SSGA investment models
  • Identify, assess, and report model risks on individual model and aggregate level to management through validation reports for all SSGA models
  • Assist in various ad-hoc requests

Your Qualifications
You will have the following strengths:
  • Master's degree in finance, mathematics, statistics, or a related quantitative field, or its equivalent
  • Strong verbal and written communication skills in English is essential
  • Ability to articulate ideas and analysis effectively
  • Programming fluency in Python/R/Matlab language is highly preferred
  • Ability and self-motivation to master concepts quickly and connect dots
  • Ability to adapt to a changing environment and handle multiple priorities to tight deadlines
  • CFA or CFA candidacy is preferred
  • Past experience in modelling or validation in financial industry is ideal
  • Ability to gain trust and respect of business partners while bringing objective and independent challenge to their activities
  • Team player
  • Seniority dependent on your qualifications

We offer:
Employee savings plan
Premium life insurance package
VIP medical package
International operating environment
Language classes
Soft skills trainings
Technical workshops
Development sessions with a mentor
Diversity of opportunities across a range of challenging and highly complex activities
Technical or leadership career pathway

Reference: 671251831

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