Sr. Associate, Risk ModelingApply Req ID: Req0967903 Date posted 07/15/2022
WHAT YOU WILL BE DOING
USA Job Function Description: 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.
Essential Functions/Responsibilty Statements:
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.
Qualifications: 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 or equivalent work experience
Work Experience: 9-12 years ;
Skills and Abilities:
Comprehensive knowledge of front to back risk mgmt. processes, including: Operational risk, Risk identification, assessment, mitigation and control, Governance and reporting, Monitoring and testing, Operational risk modeling, capital calculation and
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.
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. 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. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: 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 at any time for any reason.
Primary Location: New York, New York, United States of America
Other Locations: New York-New York,Massachusetts-Boston
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.