Interest Rate Risk Analyst

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

The Interest Rate Risk (IRR) Analyst plays a key role in strengthening the organization’s (IRR) oversight by supporting accurate, timely, and well-controlled risk measurement processes. By contributing to core analytical production cycles, model governance activities, and cross-entity coordination, you help ensure the integrity of risk metrics, enhance transparency, and support informed balance sheet management decisions.

Position Summary

• Support the monthly Interest Rate Risk (IRR) metric production process within QRM, ensuring accuracy, completeness, and timely delivery of risk measures.

• Contribute to the annual IRR limit-setting process for SHUSA and its subsidiaries by preparing analysis, documentation, and supporting materials.

• Assist with monthly and quarterly model control activities, including ongoing performance monitoring and validation support for IRR models.

• Partner with IRR team members to learn, document, and enhance recurring analytical and reporting procedures to improve efficiency and control.

• Perform ad-hoc IRR analyses to support risk management, regulatory, and business-driven requests.

• Collaborate with headquarters and subsidiary stakeholders to promote adherence to established IRR procedures, standards, and governance frameworks.

• Identify opportunities to automate and streamline analytical workflows using appropriate tools and programming capabilities.

What You Bring:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

• Bachelor’s degree in Finance, Mathematics, or a related quantitative field with financial coursework – Required.

Experience

• 1+ years of experience in Market Risk, Interest Rate Risk, or Asset Liability Management within the financial services industry – Required.

• Experience with QRM or similar financial risk management systems. – Preferred.

Skills

• Proficiency in Microsoft Excel, including advanced analytical functions.

• Working knowledge of financial products and interest rate risk concepts.

• Familiarity with VBA, SQL, or Microsoft Access.

• Exposure to programming languages such as R, MATLAB, or Python for data analysis and process automation.

• Strong analytical and quantitative problem-solving abilities.

• Clear and effective written and verbal communication skills.

• Detail-oriented mindset with a focus on accuracy and process control.

• Ability to collaborate effectively across teams and organizational levels.

Certifications:

None

It Would Be Nice For You To Have:
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

We Value Your Impact:

Your contribution matters and it’s recognized.  You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers.  Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com) 

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions:

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.