Risk Analyst supporting portfolio funding strategies through investment strategy and risk management. Collaborating across various departments to optimize portfolio performance and monitor compliance.
About the role
- Senior Associate in Risk Modeling contributing expert insight into market conditions. Leading model risk management activities while ensuring regulatory compliance and governance at Santander.
Responsibilities
- Lead and execute model risk management activities and projects in alignment with the Enterprise MRM framework, regulatory guidance, and industry best practices.
- Develop and enhance methodologies, tools, and approaches for identifying, assessing, and managing model risk across interest rate, liquidity, credit, and market risk models.
- Evaluate model conceptual soundness, key assumptions, data integrity, and overall design to ensure models are fit for purpose.
- Perform independent testing of models, including numerical, statistical, and computational accuracy, outcomes analysis, and review of governance and control processes.
- Proactively identify gaps, weaknesses, or emerging concerns in existing processes, policies, procedures, and frameworks, and support timely remediation.
- Monitor model-related activities to minimize the Company’s exposure to model risk through quantitative analysis, risk identification, and remediation efforts.
- Communicate complex risk modeling topics, findings, and recommendations to senior management to improve decision-making, efficiency, and risk reduction.
- Support regulatory compliance and the Company’s reputation by ensuring adherence to legal, regulatory, and internal standards related to model risk management.
Requirements
- Bachelor’s Degree in Mathematics, Physics, Statistics, or a related quantitative field, or equivalent work experience – Required.
- 9+ years of experience in model risk management covering Interest Rate Risk, Liquidity Risk, Credit Risk, and/or Market Risk – Required.
- Hands-on experience assessing and validating term structure models, prepayment models, credit loss models, Market Risk Rule models, and ALM frameworks – Required.
- Demonstrated experience with stress testing methodologies and practices – Required.
- Strong understanding of front-to-back risk management processes, including risk identification, assessment, mitigation, governance, monitoring, testing, and capital calculation – Required.
- Proven ability to lead complex, cross-functional projects related to quantitative risk modeling – Required.
- Experience supporting regulatory examinations, audits, or model risk remediation initiatives.
- Exposure to emerging risk trends and evolving regulatory expectations within financial services.
Benefits
- Health insurance
- 401(k) matching
- Flexible working hours
- Paid time off
- Professional development opportunities
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