# Global Credit Finance, Model Risk Officer, VP at State Street

State Street is hiring a Global Credit Finance, Model Risk Officer, VP in Boston, United States. It pays $110k-$189k a year and Level rates it Little AI ●○○○; you can [apply on Level](https://jobsbylevel.com/go/fcd55ce9-c6aa-4b4a-9c39-44ac0b3bde60).

AI Level 1, AI centrality 28 out of 100. Boston, Massachusetts.

## Details

- Company: [State Street](https://jobsbylevel.com/companies/state-street)
- AI level: AI Level 1 (score 28 out of 100)
- Location: Boston, Massachusetts
- Salary: $110k-$189k
- Posted: October 9, 2026
- Apply: https://jobsbylevel.com/go/fcd55ce9-c6aa-4b4a-9c39-44ac0b3bde60

## Description

Who we are looking for State Street’s lending division, Global Credit Finance (GCF) is looking to hire for the role of Model Risk Officer, a key position responsible for the creation and implementation of the GCF model risk governance function. The role will act as a liaison between GCF and MRM and other business partners and ensure the adherence of GCF’s model risk function to the model risk guidelines as outlined by the Regulator and interpreted and implemented by the State Street Model Risk Management function. The Model Risk Officer will work with the Front Office to identify models and tools, help with model tiering, understand nuanced differences between models and tools, be the GCF advocate in interactions with both MRM and CMA, help with model documentation and ongoing monitoring. The role will also offer an opportunity to develop and apply technical model development and implementation skills. The role will report to the GCF Head of Business Intelligence and Strategy. What you will be responsible for Training Supports the division senior leadership (EVP and SVPs) in ensuring that they and their teams are properly trained on the Model Risk Management (MRM) Framework and apply the principles as required. This aspect of the role includes creating/maintaining operating procedures to ensure all business team members are adequately trained in the Model Risk Management principles and requirements as appropriate for their role. Model and Tool Inventory Establish and own the model and tool identification process within the business unit and sign off on business team’s model decisions for all tools: Serve as a Business Team Owner and provide oversight of GCF’s EUDT inventory Works with the business team’s Tool/Application Inventory to ensure it: includes all tools (EUDT, Third Party, IT applications) Includes the populated model decision tree, date of first use, version in use, and list of legal entities with permission to use model output. Includes related identifiers which identify the tool elements in other systems (Model Risk Governance (MRG) MRG, GMAS, TPRM, AIW, etc.) Reviews and approves all production changes for tools, to ensure tools are evaluated against the model determination decision tree at every material change. Ensures model determination is performed at the start of development of any new tool, before the tool goes into first use, and prior to use of any changes to the tool. Ensures that any tool designated as a model is validated and approved for use to deployment/use in compliance with MRM Policy. Reviews and approves the tiering decisions made by the business teams for new models, ensuring sufficient supporting information / justification are captured and the proposed tier is consistent with the MRM Tiering Framework EUDT and AI Governance Establish and oversee the GCF governance framework for End User Developed Tools (EUDTs) and the responsible use of artificial intelligence within business-owned tools, processes, and solutions. Act as a liaison between GCF business teams and the applicable EUDT, Artificial Intelligence, Model Risk Management, Technology, Cybersecurity, Privacy, Legal, and Compliance governance functions. Establish and maintain an inventory and oversight process for GCF-sponsored AI use cases and AI-enabled solutions, including generative AI, copilots, prompts, agents, machine learning capabilities, and AI functionality incorporated into business processes or technology solutions. Ensure proposed AI use cases are appropriately identified, documented, risk assessed, and submitted through applicable enterprise AI governance and approval processes before implementation or production use. Evaluate whether tools and solutions may be subject to multiple governance frameworks, including EUDT, AI, model risk, data, privacy, cybersecurity, third-party risk, and technology-development requirements, and coordinate the required reviews with the applicable subject-matter experts. Promote the

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Source: https://jobsbylevel.com/jobs/global-credit-finance-model-risk-officer-vp-at-state-street-8f6ece

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Level. https://jobsbylevel.com/jobs/global-credit-finance-model-risk-officer-vp-at-state-street-8f6ece.

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