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Senior Associate, Risk Modeling

Company: Santander Holdings USA Inc
Location: Weymouth
Posted on: November 23, 2022

Job Description:

Sr. Associate, Risk ModelingCountry: United States of AmericaWHAT YOU WILL BE DOINGThe Senior Associate, Risk Modeling is part of Santander's Model Development department and responsible for developing and managing advanced regulatory-compliant risk rating and loss forecasting models for the Commercial Banking portfolios. These models are used to support multiple functions including underwriting, portfolio management, stress testing (HCR/DFAST) and loss reserve calculation (CECL/IFRS). The Senior Associate, Risk Modeling is an expert resource in the field of credit risk quantification and modeling and works closely with business leaders, risk management groups and regulatory authorities.

  • Responsible for developing and enhancing advanced credit risk models
  • Produce accurate, concise and high-quality model development documentation
  • Ensure all model deliverables are of the highest standard and compliant with bank and regulatory standards
  • Create model performance monitoring reports on an ongoing basis and share results with various stakeholders
  • Support the implementation of the models managed by the group
  • Provide expertise and oversight to ensure all models are interpreted and used consistently and correctly across the bank
  • Contribute to model development presentations for various audiences including credit officers, model users, internal audit and regulators Qualifications:
    • Bachelor's Degree in Mathematics, Statistics, Economics or an equivalent quantitative field (Master's Degree or PhD preferred)
    • 8+ years of model development experience (or equivalent academic experience). Experience building credit risk models for financial institutions preferred
    • Expertise in statistical methodologies like regression, decision trees and clustering
    • Advanced SAS and SQL knowledge (needed), R, Python (optional)
    • Hands on experience in using complex statistical techniques to solve business problems
    • Excellent written and verbal communication with a focus on detailed and clear technical writing
    • Knowledge of regulatory expectations for model development and model risk management preferred
    • Knowledge of Commercial Banking products preferred
    • Knowledge of modeling methodologies used in HCR/CECL preferred
    • Ability to lead complex projects
    • Team player, prepared to work under pressure close to deadlines
    • Can-do attitude, creative thinker with a proactive mindsetDiversity & 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.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.For NYC Job Applicants: The base annual salary range for this position is $129,213 -$175,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location. Bachelor of Science (BS) English Primary Location: New York, New York, United States of AmericaOther Locations: New York-New York,New Jersey-Florham Park,New York-New York,Massachusetts-BostonOrganization: Santander Bank N.A.

Keywords: Santander Holdings USA Inc, Weymouth , Senior Associate, Risk Modeling, Other , Weymouth, Massachusetts

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