Your Journey Starts Here:

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

The Senior Risk Model Validation Associate (Sr. Associate, Risk Modeling) conducts robust validations of Expert Judgement models (EJM") against established standards, develops benchmarks, and challenges and replicates models where applicable. They manage models of advanced complexity and leads special projects and/or programs.

• Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.

• Conducts robust validations of a wide variety of models against established standards, develops benchmarks, challenges and replicates models where applicable.

• Assesses model performance and evaluates model assumptions and weaknesses.

• Collaborates with model owners and develops to understand the business context for models.

• Ensures adherence to the policies and procedures established by the company.

• Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.

• Monitors and manages risk/exposure and compliance with the company's policies.

• Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

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.

Bachelor's Degree or equivalent work experience. - Required.
Master's Degree or Phd in STEM related field. - Preferred.

9+ Years in model development and/or validation in the Banking or Financial Services industry. - Required.

• Advanced proficiency in SQL, SAS, Python.

• Comprehensive knowledge of front to back risk management processes including: Operational risk, Risk identification, assessment, mitigation and control, Governance and reporting, Monitoring and testing, Operational risk modeling and capital calculation.

• Knowledge of banking regulatory environment and impact on risk, management practices.

• Successful track record in achieving outstanding levels of delivery, performance, challenge, and oversight.

• Demonstrated stress testing techniques.

• Demonstrates an informed perspective on Market environment, future trends, and emerging

• Ability to lead complex projects with outstanding awareness of the Operational Risk associated.

• Adherence to the Code of Conduct, assigned Risk Tolerance or Mandates and all organizational policies and procedures applicable.

Certifications:
No Certifications listed for this job.

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.

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:

Review the internal eligibility guidelines here. 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.

Benefits:
Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)

Primary Location: Boston, MA, Boston

Other Locations: Massachusetts-Boston

Organization: Santander Holdings USA, Inc.

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.