Pricing and XVA Analyst, Vice President (oniste)

Markets Pricing and Analytics / Quantitative Risk Analyst, Vice President

Location: Boston MA

State Street Markets (“SSM”) is looking for an Vice President to join the SSM Risk and FRM team in Boston. The team manages Credit, Market, and Model Risk as the First Line of Defense across SSM’s business units, including Financing Solutions, FX Sales & Trading, Portfolio Solutions, and Global Link.  Additionally, the team performs Financial Resource Management, covering allocation, monitoring, and optimization of capital, funding, and liquidity.

Job Description

The Global Markets Pricing and Analytics team sits within SSM Risk and FRM. As SSM expands its product offerings and adapts to evolving regulatory requirements, the team has taken on a strategic function in centralizing pricing model development, supporting regulatory compliance initiatives such as FRTB, and overseeing the measurement and management of XVA exposures. This work is carried out in close collaboration with trading desks, SSM senior management, Enterprise Risk Management (ERM), Global Treasury, and external regulators, ensuring that pricing and analytics practices are aligned with industry standards and internal governance expectations.

In this role you will contribute to the development and refinement of pricing and exposure models, supporting the team’s efforts to deliver scalable, high-performance pricing analytics across Markets products.

Key Responsibilities

• Assist in pricing and exposure modeling for Delta One FX products and XVA components including CVA, KVA, and FVA
• Help prototype and validate pre-trade pricing logic for trading platforms, contributing to XVA integration across Markets businesses
• Collaborate on pricing model enhancements for Interest Rate Swaps, FX Options, and Equity TRS by translating business needs into clean, testable code
• Support ERM quants in aligning simulation frameworks with pricing model inputs
• Partner with Market Risk to help ensure sensitivities like FX Delta, DV01, and Greeks are accurately reflected in the risk limit framework
• Help generate model outputs that support P&L attribution and explain risk factor behavior
• Partner with the SSM technology teams in implementing pricing and valuation models and support their validation during user acceptance testing

Desired Skills & Experience

• Strong coding skills in Python, C++, or Java, with experience in building and maintaining pricing libraries
• 5–8 years of experience in capital markets or quantitative development
• Solid understanding of financial modeling for FX, Fixed Income, and Derivatives
• Familiarity with platforms like Murex, Algorithmics, and cloud-native analytics tools
• Experience in building quant solutions using open source frameworks such as QuantLib or OpenGamma
• Ability to translate quantitative models into production-ready code
• Strong communication and collaboration skills across technical and business teams
• Comfort working in agile, fast-paced environments
• Master’s or PhD in Computer Science, Financial Engineering, Mathematics, or Physics
• Professional certifications such as CFA or FRM are a plus

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.

Salary Range:

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.