Internship Model Risk Governance Jobs in Boston, MA

Model Risk Governance Platform Product Developer/Analyst; State Street Bank and Trust Company; Boston, MA: The Model Risk Governance Platform Product Developer/Analyst will be a member of the Model Risk Management ("MRM") team, which is part of Enterprise Risk Management reporting to Head of Model Risk Management Technology. The MRM team has responsibility for management of model risk across the entirety of State Street, including the maintenance of the model inventory and related processes, controls, technology and reporting. The person will be expected to bring their knowledge of data analysis and quantitative methods to enhance the current Model Risk Management platform and process. Specific duties of the position include: Designing, maintaining, and supporting the MRM Platform, updating existing/adding workflow designs and assisting in expanding the capabilities of the technological solution; Building and maintaining software lifecycle deliverables, including requirements definition, design, construction, and testing of new and enhanced functionality; Building and maintaining Model Risk Monitoring reports and contributing to reporting strategy, design and delivery; Designing, building, and maintaining user management and user access control systems for MRM Platform; Working with functional owners and IT team to maintain and enhance source information systems; Performing ad-hoc reporting as required; and Participating in user training and support to help drive adoption of reports and analytics tools among report consumers. Hybrid-remote telecommuting permitted pursuant to Company policy.
Minimum requirements are: Master's degree in Computer Science, Data Science or a related technical field or its equivalent and 4 years of experience in Financial Industry.
Must have 1 year of experience in each of the following (experience may be gained concurrently): Model Risk Management; Designing, maintaining, and supporting the SAS MRM Platform, updating existing/adding workflow designs and assisting in expanding the capabilities of the technological solution; Designing, building, and maintaining user management and user access control systems for SAS MRM Platform; Demonstrated experience in working with SAS Studio, SAS Workflow Manager; Demonstrated experience in working with SAS Management Console in implementing access control; Demonstrated experience with SQL, Groovy and SAS; and Demonstrated experience in integrating LLM Model APIs with SAS MRM Platform.
Must possess: demonstrated solid knowledge and ability with the following: Proven knowledge of Models, Model Validation Process and Model Risk Management (SR 11-7); Demonstrated experience with Python, or R; Demonstrated experience in SDLC process, GIT, GitHub and Knowledge of AI/ML Models and Risk Management Process; and Ability to work with Global Team consists of IT, QA, Model Validators and Model Owners. (Unless otherwise indicated, State Street is seeking the stated ability in the skills listed above with no specific number of years or amount of experience required. All experience can be gained concurrently.)
To apply to this position, you must click the "Apply" button on this page and complete the online application. An EOE.
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Salary Range:
$90,000 - $180,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
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.
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