Senior Quantitative Analyst, Officer

Location: Krakow, Poland

Organizational Overview

State Street Corporation is a leading global financial services provider headquartered in Boston, Massachusetts. It offers a broad range of services, including investment servicing, investment management, and data and analytics solutions, catering to institutional investors worldwide. State Stress is renowned for its expertise in managing complex financial operations, supporting clients such as asset managers, insurance companies, and pension funds. The company is committed to innovation, leveraging advanced technology to deliver cutting-edge solutions in risk management, compliance and efficiency.

State Street’s Centralized Modeling, Analytics and Operations (CMAO) provides quantitative modeling and analytical development expertise to service Financial Risk and Global Treasury. We operate our Analytic Library, a modern model development platform, to develop and execute models. We also support and operate several third party platforms for business processes. We provide macroeconomic scenarios to various forecasting initiatives including CECL, CCAR and Quarterly Stress Testing. We provide reporting, data governance and system change management for Financial Risk as well as 2nd line data risk management for Enterprise Risk Management (ERM).

Who we are looking for

This is a Senior Quantitative Analyst position in State Street’s CMAO team within ERM. Candidates need to have a strong understanding of quantitative finance, technology, risk reporting and/or statistics, ideally complemented by strong coding skills in R, Python and/or other programming languages. Alternatively, proficiency in Business Intelligence tools such as Spotfire or Power BI would also be considered.

The successful candidate will be responsible for contributing to the development and refinement of financial and non-financial risk models, production environment and/or reporting tools; including coding models & tools, preparing documentation, and liaising with business and model validation.

What you will be responsible for

• As Senior Quantitative Analyst, working for CMAO you will be responsible for various development activities such as:
• Streamline modeling and analytical processes to improve execution efficiency and responsiveness to business needs
• Suggest and investigate available approaches for given model uses, e.g., financial risk, stress testing, capital adequacy assessments
• Proactively direct the project management planning for the team’s key deliverables
• Support the implementation of internally developed models & tools on various platforms (e.g. Risk Analytics Library, Databricks, GMAS)
• Prepare ad-hoc analyses as requested by senior management, with the ability to translate detailed information into concise, actionable items.
• Design and oversee comprehensive testing and reporting frameworks that support robust model development and implementation
• Prepare and present clear, concise reports for Model Risk Management and senior management
• Liaise with the three lines of defense—including Model Risk Management and Audit

What we value

These skills will help you succeed in this role

Knowledge and analytical mindset: strong analytical and quantitative mindset; ability to take initiatives and improve on existing methodologies; Keeping up with global macroeconomy and financial markets developments or technology developments

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

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

Exceptional attention to detail: willing to constantly investigate root causes and complex relationships

Education & Preferred Qualifications

• Master's degree in STEM or in other disciplines with proven track record
• 3+ years of experience in modeling, analytics, software development or risk reporting
• Good understanding of various regulations such as CCAR, CECL/IFRS9, ICAAP/ICARA or BCBS 239
• Good grasp of data analysis and data management
• At least 9 months of experience with Enterprise Risk Management in last 12 months
• Proficiency in programming languages such as R and/or Python or in Business Intelligence tools such as Spotfire or Power BI would be a plus
• Experience in developing, maintaining and executing models would be a plus
• Excellent communication skills, capable of explaining complex concepts to non-technical stakeholders

Minimum Salary

zł132,000 Annual

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.

We Offer

• Permanent contract from day one
• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
• Gold Medical Package for employees and their families (partner and children)
• Premium life insurance package and private pension plan
• Wide range of soft skills training, technical workshops, language classes and development programs
• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
• Variety of well-being programs
• Additional benefits available depending on the seniority of the role

About State Street

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.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, 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.

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Additional Locations: Gdansk, Poland