# Model Risk Audit, AVP at State Street

State Street is hiring a Model Risk Audit, AVP in Boston, United States. It pays $80k-$140k a year and Level rates it Little AI ●○○○; you can [apply on State Street](https://jobsbylevel.com/go/0fab7b66-0a0e-4ecf-bb3a-31dc90d3fab3?utm_medium=ai-agent).

AI Level 1, AI centrality 36 out of 100. Boston, Massachusetts.

## Details

- Company: [State Street](https://jobsbylevel.com/companies/state-street)
- AI level: AI Level 1 (score 36 out of 100)
- Location: Boston, Massachusetts
- Salary: $80k-$140k
- Posted: October 26, 2026
- Apply: https://jobsbylevel.com/go/0fab7b66-0a0e-4ecf-bb3a-31dc90d3fab3?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=model-risk-audit-avp-at-state-street-2da84d

## Description

Who We Are Looking For We are seeking a quantitative risk professional to join Corporate Audit as Model Risk Audit, Assistant Vice President. The role will lead and execute audit engagements focused on models, quantitative tools, analytics, and artificial intelligence used across State Street. The successful candidate will bring strong hands-on experience developing, validating, implementing, or reviewing models within a professional financial-services environment. Candidates coming from Model Risk Management, Model Validation, Model Development, Quantitative Risk, or Model Risk Audit will be considered based on their technical experience, leadership potential, and ability to develop audit-management skills. Under the direction of senior audit management, the Assistant Vice President will execute model-risk audits across planning, risk assessment, testing, stakeholder discussions, issue development, and reporting. The individual will also monitor emerging model-risk themes, help develop the quantitative capabilities of audit colleagues, and support broader departmental initiatives. Why This Role Is Important to Us Corporate Audit provides independent assurance over the governance, risk management, and control processes supporting State Street’s global businesses. Models and quantitative analytics influence critical decisions across financial risk management, financial crime prevention, Treasury, Markets, and Investment Management. As the use of advanced analytics and artificial intelligence expands, independent assessment of model design, implementation, validation, monitoring, and governance becomes increasingly important. In this role, you will combine quantitative model expertise with audit and risk-management skills to evaluate whether significant models are appropriately designed, implemented, validated, monitored, and governed. What you will be responsible for As a Model Risk Audit Manager, Assistant Vice President you will: Lead or support model-risk audits covering two or more areas such as credit risk, market risk, capital, liquidity, counterparty risk, financial crime, pricing, Treasury, Investment Management, Markets. Plan and execute audits according to the Corporate Audit’s risk-based audit methodology and internal standards, industry practices and regulatory guidance (e.g. SR 11-7/26-2 on Model Risk Management, ECB guide to internal models, SR 15-18, etc.) Assess the design and effectiveness of controls across the model lifecycle, including development, validation, implementation, change management, monitoring, use, and governance. Review and assess model documentation and implementation details, model validation and ongoing monitoring results to assess the effectiveness of the model risk management control design and execution both on an individual model basis and in aggregate. Draft clear audit workpapers, findings, memoranda, and reports that explain the risks, root causes, business impact, and recommended actions. Communicate audit progress, conclusions, findings, and remediation expectations to audit management and key stakeholders. Identify recurring or emerging model-risk themes through audit results, management-identified issues, validation findings, and ongoing risk monitoring. Develop an understanding of State Street’s products, services, data, IT application / data infrastructure, risk-management processes, and regulatory obligations. Build effective relationships across Model Risk Management, Model Validation, business teams, technology teams, and the three lines of defense. Support knowledge sharing and cross-training to strengthen quantitative and model-risk capabilities across Corporate Audit. Coordinate and facilitate global operation of the model risk audit team to meet team and individual priorities What We Value Strong quantitative judgment and the ability to critically evaluate complex model methodologies, assumptions, data, code, and results. Intellectual curiosity and the ability to

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/model-risk-audit-avp-at-state-street-2da84d

Source: https://jobsbylevel.com/jobs/model-risk-audit-avp-at-state-street-2da84d

## Cite this page

Level. https://jobsbylevel.com/jobs/model-risk-audit-avp-at-state-street-2da84d.

Get job alerts: https://jobsbylevel.com/newsletter