Head of Treasury and GA Model Validation, Managing Director, Boston

Head of Treasury and GA Model Validation, Managing Director

2 Days Old

Role Description:

We are seeking a strategic and technically proficient leader to serve as the Head of Treasury and GA Model Validation. This role is responsible for the independent validation of models supporting Treasury functions-such as liquidity risk, interest rate risk, and capital planning-as well as General Advisory (GA) models, which include asset allocation and investment advisory tools. The successful candidate will bring deep quantitative expertise, regulatory awareness, and a strong leadership presence to ensure robust model governance and risk management.

Why this role is important to us

Model Risk Management (MRM) is a critical function within our broader Enterprise Risk Management (ERM) framework, ensuring that models used to drive financial decisions, manage risk, and support strategic objectives are sound, reliable, and well-governed. The Head of Treasury and GA Model Validation plays a pivotal role in safeguarding the integrity of models that influence core areas such as liquidity, capital planning, and investment management. By providing independent, rigorous validation of these models, this role helps protect the firm from model-driven risk, supports regulatory compliance, and enhances decision-making across Treasury and Advisory functions. This position is essential to maintaining trust in our modeling infrastructure and upholding the firm's risk culture.

Key Responsibilities

Lead the validation of Treasury models, including those used for asset-liability management (ALM), liquidity management and stress testing, interest rate risk, and capital adequacy.
Oversee the validation of GA models, including asset allocation, portfolio construction, and investment management.
Ensure all validations meet internal governance standards and regulatory expectations (e.g., SR 11-7, OCC 2011-12).
Develop and maintain rigorous validation methodologies, including performance testing, benchmarking, and sensitivity analysis.
Collaborate with model developers, business units, and risk partners to ensure transparency and effective challenge.
Communicate validation results and model risk issues to senior management, model governance committees, and regulators.
Build and lead a high-performing team of quantitative professionals with expertise in both Treasury and investment modeling.
Provide consultation for the creation of metrics and setting of thresholds
Work collaboratively with Corporate functions and Business aligned risk teams to evaluate the operational impact and readiness to successfully scale and implement an enterprise-wide program and framework
Engage with regulatory authorities globally and assist with the regulatory examination processes related to areas of subject matter expertise

What we value

These skills will help you succeed in this role

Strong data analysis and model risk management skills
Prior experience with model risk concepts, analytical applications and database tools in financial services
Proven track record of managing and leading diverse teams
Strong problem solving and critical thinking skills
Willingness to coach others on your subject matter expertise through hands on leadership
Willingness to learn new ideas and practices to ensure scalability of program globally
Excellent judgement/solution oriented
Excellent writing and communication skills
Excellent people manager skills
Risk focused and service oriented mindset
Ability to interact globally with a variety of internal and external stakeholders
Ability to work in a fast paced, outcomes focused environment
Strong time management skills

Education & Preferred Qualifications

Advanced degree (Master's or PhD) in a quantitative discipline such as Finance, Mathematics, Statistics, Economics, or Engineering.
Minimum of 10 years of experience in model risk management, quantitative finance, or a related field, with a focus on Treasury and/or investment advisory models.
Strong knowledge of financial modeling techniques, including scenario analysis, optimization, and stochastic modeling.
Familiarity with regulatory frameworks and model governance best practices.
Excellent communication skills, with the ability to convey complex technical concepts to non-technical stakeholders.
Demonstrated leadership and team management experience.

Additional requirements

Limited travel may be required

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$170,000 - $282,500 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.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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Location:: Boston

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