Senior Model Risk Validation Analyst â Expert Judgement Models
Senior Model Risk Validation Analyst â Expert Judgement Models
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Job Description
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 Model Risk Validation Analyst (Sr. Analyst Model Risk) will be responsible for performing independent validation of models and expert judgement models used by the bank in conformance with regulatory guidance on model risk SR1107. This individuals responsibility includes performing robust model validations from input data model methodology outcome and usage and related controls and governance around model risk. This role involves internal communication with business and model development and external with vendors and thirdparty servicers. Furthermore this individual is expected to take the daytoday model risk governance responsibilities such as ongoing performance monitoring orderly remediation of findings and model annual reviews.
Evaluates model assumptions and weaknesses prepares reports describing the results of the validation analyses and list the recommendations for addressing any issues identified.
Conducts 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 bank.
Manages the resolution of findings with model owners and developers.
Reviews ongoing model performance assesses overall model health within a given framework identifies potential problems and works with stakeholders to resolve issues identified.
Partners with model owners and developers to understand the business context for model use producing technical guidance and adding value to the business process.
Develops and executes initiatives such as researching new trends in modeling and approaches to the management of associated model risk.
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.
Bachelors Degree or equivalent work experience in Statistics Mathematics Economics or equivalent quantitative discipline. Required.
Masters Degree or PhD in a quantitative discipline such as Financial Engineering Mathematics Physics Quantitative Finance Economics Statistics or other relevant field of study. Preferred.
3 years of experience in Model Development Validation and/or Model Risk Management function at a bank.
Programming capabilities: Hands on programming skills required in common programming languages and packages like R Python Matlab and SAS etc.
Detailed familiarity with advanced quantitative analysis and applied statistical techniques in relevant asset/liability categories including regression time series forecasting econometric modelling PCA analysis data mining survival analysis sensitivity backtesting model performance measurement.
Familiarity with QRM ADCo and Intex or similar systems highly preferred.
Sound knowledge of financial numerical methods/PDEs stochastic calculus and option pricing.
Ability to apply mathematical and statistical skill in a highly practical way to solve problems.
Solid communication skill is required. Ability to work with senior management and other stakeholders.
Outstanding time and stress management skills teamwork spirit. As a responsible level the team member should be a selfstarter and need minimal direction from managers in pursuing projects.
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.
What Else You Need To Know:
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (nonexempt) the annual range is based on a 40hour work week. The exact compensation may vary based on skills experience training licensure and certifications and location.
Base Pay Range
Minimum:
Maximum:
Benefits:
Santander Benefits 2025 Santander OnGoing/NH eGuide ()
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 standingand 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:
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 to discuss your needs.
Required Experience:
Senior IC
Employment Type
Full-Time
