Market Risk Stress Testing, Scenario Design

State Street

. Develop and enhance Global Market Shock (GMS) and Counterparty Credit Stress Testing (CCST) scenarios across interest rates, credit spreads, equities, foreign exchange, commodities, and volatility markets .

Posted 10/12/2026full-timeUnited StatesMid-LevelSenior💰 $120,000 - $202,500 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in developing and enhancing Global Market Shock (GMS) and Counterparty Credit Stress Testing (CCST) methodologies, with strong quantitative analysis and communication skills to present complex concepts to diverse stakeholders. Proficient in regulatory frameworks and market risk dynamics, with a focus on innovative tools and scenario design.

Highest-signal resume keywords

Global Market Shock (GMS) MethodologyCounterparty Credit Stress Testing (CCST)Quantitative AnalysisRegulatory Frameworks (Basel, FRTB)Python Programming

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Quantitative AnalyticsMarket Risk ModelingScenario DesignRisk-Factor CalibrationData AnalysisStress Testing MethodologiesFinancial Market ModelingAdvanced AnalyticsAutomation ToolsAI-Enabled Tools

Soft Skills

Strong Communication SkillsInfluencing StakeholdersSound JudgmentPresentation SkillsAbility to Challenge Assumptions

Industry Keywords

Market RiskCross-Asset Risk DynamicsRegulatory AssuranceModel Risk ManagementInternal AuditGovernance CommitteesEmerging RisksPortfolio VulnerabilitiesStress-Testing GovernanceRisk Assessment

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Develop and enhance Global Market Shock (GMS) and Counterparty Credit Stress Testing (CCST) scenarios across interest rates, credit spreads, equities, foreign exchange, commodities, and volatility markets
Identify emerging risks, assess portfolio vulnerabilities, and translate market developments into stress scenarios and loss assessments
Develop and calibrate market shock methodologies across thousands of risk factors
Apply quantitative analysis, historical market research, and expert judgment to evaluate scenario severity and benchmark assumptions
Partner with Market Risk, Trading, Treasury, Counterparty Credit Risk, Finance, Model Risk Management, Regulatory Assurance, and senior stakeholders
Challenge assumptions, evaluate scenario outcomes, and strengthen stress-testing governance
Develop innovative tools, models, dashboards, and visualization solutions
Support regulatory examinations, model governance reviews, and internal oversight activities
Present methodologies, analyses, and scenario results to senior management, risk committees, auditors, and regulators
Serve as a subject matter expert on market stress testing, cross-asset market dynamics, regulatory developments, and emerging risks

Requirements

What you’ll need

Master's degree or PhD in Finance, Economics, Financial Engineering, Mathematics, Statistics, Physics, or a related quantitative discipline
5+ years of experience in market risk, stress testing, quantitative analytics, financial market modeling, scenario design, or related disciplines
Demonstrated expertise in designing, calibrating, executing, or independently reviewing Global Market Shock (GMS), Counterparty Credit Stress Testing (CCST), CCAR, or related regulatory stress-testing frameworks
Deep understanding of global financial markets, cross-asset risk dynamics, and market risk regulatory frameworks, including Basel market risk requirements, FRTB, trading book stress testing, and counterparty credit risk
Proven ability to develop and enhance quantitative methodologies for stress testing, scenario design, risk-factor calibration, or market risk analytics
Experience engaging with regulators, model risk management functions, internal audit teams, and governance committees
Ability to influence stakeholders, challenge assumptions, and communicate complex quantitative concepts to technical and non-technical audiences
Strong programming and data analysis skills using Python or similar languages
Experience with advanced analytics, automation, or AI-enabled tools is a plus
Deep understanding of global financial markets and relationships between risk factors across asset classes
Strong quantitative and analytical capabilities
Sound judgment in ambiguous situations and ability to form data-driven conclusions
Strong communication and presentation skills

Benefits

Comp & perks

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
Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards
Eligibility for certain tax-advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Employee networks