Junior Model Validator,A1, Krakow
Entry (0-2 years), Middle (2-5 years), Senior (5-10 years), Executive (>10 years)
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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. **JOB DESCRIPTION:** The validator will report to the Poland lead of model validation, and will be responsible of supporting the US team to conduct model validation activities. The Poland team will cover the models used at State Street to make business and operating decisions-most notably regulatory and economic capital models, as well as insuring the implementation of Model Risk Governance Program guidelines and requirements. These models are in areas including wholesale credit risk (., probability of default, loss given default, exposure measurement, and loan loss reserving); market risk (., daily value at risk pricing models, counterparty credit risk, Asset Liability Management risk, and terms structure models); and operational risk. **JOB QUALIFICATIONS:** * Help the Poland lead to support the US team to conduct model validation activities and ensure model risks are correctly identified, assessed, and captured: * Assessing model theory and model assumptions as well as considering model methods and potential options. * Testing and confirming model results by using documented procedures for running the model(s). * Reviewing code documentation for proper model implementation, including the possible simulation of results. * Performing model validation processes and performing independent model validation of significant models. * Making recommendations and suggesting improvements related to the applicability of the different models assessed in meeting their objectives. * Ensure compliance with the regulatory (SR11-7) and State Street quality requirements for model risk. **JOB REQUIREMENTS:** **Qualifications:** * Bachelor/Master in related disciplines business knowledgeand strong technical skills (. Statistics, Econometrics, Mathematics, Computer Science or Engineering). * Good communication skills (verbal and written in English). * Ability to execute on competing priorities in a timely manner. * Quick learner * Desired: some experiences in model risk management in banking industry. * 1+ years of programming experience with SAS, R, Matlab, C++ State Street Job ID:Location: Kraków To apply to this position, follow the "apply now" link. To locate this position in our application page, please use the KEYWORD search functionality and insert either the State Street Job ID or the Location. *Job Title:* Junior Model Validator,A1 *Job ID:**Full/Part Time:* Full FTE *Regular/Temporary:* Regular *Location:* Poland - Krakow
Please note that if you are NOT a passport holder of the country for the vacancy you might need a work permit.