VP, Sr. Associate, Risk ModelingApply Req ID: Req0959098 Date posted 06/14/2022
WHAT YOU WILL BE DOING
The Sr. Associate, Risk Modeling is responsible for model development and implementation for portfolio of auto loans, commercial and residential loans, bank deposits in Asset Liability Management (ALM) framework. Develop prepayment model for structured securities portfolio including residential and commercial mortgage-backed securities, asset backed securities (ABS). This role is responsible for the entire risk modeling process including model calibration, testing, benchmarking, implementation in Quantitative Risk Management (QRM) system, as well as model documentation and monitoring. This role is to work with treasury group, market risk group and internal quantitative modeling group to implement the models in production. In addition, this role is to provide model related analysis and document to regulators, model users, model validators and internal audit.
Conduct data analysis, calibration and testing for model development purpose.
Develop and implement models for portfolio of auto loans, commercial and residential loans, bank deposits in Asset Liability Management (ALM) framework.
Develop and implement models for structured securities.
Provide analysis and documentation for the model development.
Communicate methodology to senior management, Model validation, internal audit, and regulator.
Work with treasury and market risk group on model implementation and monitoring.
Knowledge on Market risk modeling is preferred.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.
Bachelor's Degree; Mathematics, Physics, Statistics or equivalent quantitative field
Master's Degree; Mathematics, Physics, Statistics or equivalent quantitative field
9+ years work experience; Risk Management, Risk Modeling, AML, Financial Services industry
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
Risk modeling, capital calculation and demonstrated stress testing technique
Demonstrates an informed perspective on Market environment, future trends
Knowledge of banking regulatory environment and impact on risk, management practices
Strong negotiation and presentation skills
Strong quantitative skills and practical modeling experience
Successful track record in achieving outstanding levels of delivery, performance, challenge, and oversight
Superior project management skills
Minimal physical effort such as sitting, standing, and walking
Brings out the best in each team member by consistently motivating and acknowledging peer contributions
Understands and leverages team dynamics
Effectively conveys difficult or complex information in an easy-to-understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view
Ensures people receive the information they require, and brings the team together to share information
Ensures that all directs, and colleagues have appropriate knowledge of risk and the regulatory environment
Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management
Fully accountable for timeliness, completeness, quality of projects, processes, products and services
Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results
Uses informal networks to gain support for ideas and projects
Keeps up to date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
Can identify functional and organizational implications associated with major trends
Designs solutions to address industry activities that impact the organization
Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
Understands end to end processes across the organization and how processes are integrated
Has a practical knowledge of regulations impacting area supported
Employees desiring consideration should complete an online application, utilizing the appropriate process as subscribed by the posting entity. Employees should provide all pertinent information to support their candidacy.
To be considered eligible for internal posting, Santander employees must meet all of the following eligibility requirements:
• Completion of at least one year of active service in Santander
• Completion of at least twelve months in current position
• Be in “Good Standing”
Please click here to see the full policy - https://tbcdn.talentbrew.com/company/1771/internal_v2_0/img/eligibility.pdfMasters of Science (MS) English
Primary Location: Boston, Massachusetts, United States of America
Other Locations: Massachusetts-Boston,New Jersey-Florham Park,New York-New York
Organization: Santander Bank N.A.
As a part of our commitment to the health and safety of our employees and clients, we have implemented COVID-related health and safety requirements for our workforce. These requirements may include all or some combination of: disclosing your vaccination status, being fully vaccinated, regular testing, mask wearing and social distancing. As you go through our selection process, the requirements will be clearly disclosed to you.