VP, Sr. Associate, Risk Modeling
Company: Santander Holdings USA Inc
Location: Weymouth
Posted on: August 6, 2022
Job Description:
VP, Sr. Associate, Risk ModelingBoston, United States of
AmericaWHAT 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 - Masters 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.
Keywords: Santander Holdings USA Inc, Weymouth , VP, Sr. Associate, Risk Modeling, Executive , Weymouth, Massachusetts
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