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Sr. Director, Risk Modeling

Apply Req ID: 2000795 Date posted 02/14/2020
Sr. Director, Risk Modeling-2000795

Description

The Sr. Director, Risk Modeling is responsible for the design, plan, development, and execution of initiatives and implementation new modeling methodologies and approaches to the management of model risk. S/he robust validations of a wide variety of models against established standards, developing benchmark, challenger and replication models where applicable.

  • Advises senior personnel in their communications with risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile of the organization.
  • Assesses performance and develops staff.
  • Attends networking and leadership meetings to communicate results and identify opportunities for continuous process improvement.
  • Conducts robust validations of a wide variety of models against established standards, developing benchmark, challenger and replication models where applicable.
  • Develops and executes initiatives such as researching new modeling methodologies and new approaches to the management of model risk.
  • Evaluates model assumptions and weaknesses, prepares reports describing the results of the validation analyses and list the recommendations for addressing any issues identified.
  • Leads the development and prioritization of improved reporting processes and procedures for the Risk Model team.
  • Manages the Risk Modeling, Decision Science, and Data department, including multiple teams led by managers.
  • Manages the resolution of findings with model owners and developers.
  • Partners with model owners and developers to understand the business context for model use, producing technical guidance and adding value to the business process.
  • Reviews ongoing model performance, assess overall model health within a given framework, identify potential problems and work with stakeholders to resolve issues identified.

Qualifications

Requirements:
  • Bachelor's Degree; Mathematics, Physics, Statistics or equivalent quantitative field.
  • Master's Degree or Ph.D.; Mathematics, Physics, Statistics or equivalent quantitative field.,or equivalent work experience
  • 12-15 years’ experience
  • Ability to adjust to new developments/changing circumstances.
  • Ability to build rapport, garnering respect and credibility across lines of business.
  • Ability to direct, train and guide peers, subordinates and management.
  • Ability to foster and embed a strong risk culture.
  • Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
  • Ability to handle multiple competing priorities simultaneously in a fast-paced and dynamic financial services environments.
  • Ability to influence all levels of employees in a collaborative cross-cultural environment.
  • Ability to influence and active persuasion to gain cooperation of others.
  • Advanced knowledge and experience using statistical packages for analyzing data sets (Excel, Access, SPSS).,Advanced knowledge of statistical applications within Financial Services to interpret data requests and identify data analytics opportunities.
  • Advanced risk, process, and control validation and/or assessment skills.
  • Demonstrated management and leadership skills.
  • Demonstrated technical expertise in data modeling, database design development, data mining, and segmentation techniques. 

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

Job

:Risk Management

Primary Location

:Massachusetts-Boston-75 State Street - 06366 - State Street-Corp

Organization

:CRO (8855)

Schedule

:Full-time

Job Posting

:Mar 26, 2020, 1:08:11 PM

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