Quantitative Modeling Analyst Quantitative Modeling Analyst …

State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
Quantitative Modeling Analyst
Responsibilities & Tasks Include:
Analyst will support development and maintenance of advanced quantitative models and tools that enable management to make informed decisions with respect to changes in liquidity, interest rate risk, income, and capital. Key responsibilities include:
  • Support development of quantitative methodologies using advanced statistical tools and analysis
  • Bringing creative modeling insights and the most advanced quantitative and statistical techniques to bear on complex financial modeling challenges including:, mortgage and other asset prepayment risk, yield curve dynamics, deposit behavior etc
  • Leverage extensive theoretical and practical knowledge of advanced data management methods and algorithms, understanding their utility and in different problem domains, and evaluating pitfalls
  • Work with business units / business owners to understand modeling requirements
  • The candidate might be expected to write concise technical documentation, presenting & defending results to independent Model Validation team, senior management, and regulators
  • The role is not limited to model development but depending upon the requirement the candidate might be expected to do model performance monitoring and back-testing

Education and Experience:
  • Advanced degree in math, economics, statistics, or a related field
  • Candidates should have been involved in model development role in their prior roles or should have demonstrates skill sets pertaining to statistical modeling background
  • 5+ years quantitative modeling aptitude/experience (in financial institutions preferred but no restrictions), with modeling experience across rates and structured credit and/or regression and other econometric techniques

Skills/ Knowledge:
  • Advanced programming proficiency in R/Python/SAS
  • Strong analytical mindset, with proficiency in developing, evaluating and testing internal controls
  • Strong project management and time management skills and a demonstrated ability to work independently on complex projects
  • Strong verbal and written communication skills
  • Working knowledge of global financial systems and markets, including asset management, trading, and interest rate and liquidity risk, with knowledge of newer banking regulations is preferred
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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