Sr. Associate, Market Risk (IRR)

Company: Santander Holdings USA Inc
Location: Boston
Posted on: January 20, 2025

Job Description:

Sr. Associate, Market Risk (IRR)Boston, United States of AmericaThe Sr. Associate, Market Risk will assist the Interest Rate Risk (IRR) team in managing recurring analytical processes while using the Financial Risk tool, QRM. - The Sr. Associate will oversee the analysis required to establish annual limits for IRR metrics.Key Responsibilities:

• Conduct a quarterly Dynamic NII and Future Market Value process. - Analyze the results and maintain procedures that describe the process.
• Conduct the annual IRR Limit-setting process for SHUSA and its subsidiaries.
• Liaise with FP&A in understanding Strategic Planning and how their processes could be used to assist the IRR team.
• Conduct ad-hoc IRR analysis as they arise.
• Assist in the monthly IRR metric calculation process as required.
• Maintain the Material Risk Review program.
• Documents all changes to Monthly and Quarterly Procedures.
• Work with headquarters and subsidiaries to make sure compliance in procedures and standards.Qualifications:
  • Bachelors degree or equivalent relevant work experience in Finance or a Mathematical field with Financial work experience desired.
  • 7+ years of experience in Market Risk / Interest Rate Risk / Asset Liability Management within the financial services industry is highly desired.
  • Strong analytical and quantitative skills.
  • Strong knowledge and understanding of financial products.
  • Strong communication skills, both written and verbal.
  • Experience using QRM highly desired.
  • Proficiency in Excel necessary. - Experience using VBA, SQL, Access desired.
  • Hands-on experience with automating processes using coding/programming languages would be a benefit.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.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: -Boston, MA, Boston
    Other Locations: -Massachusetts-Boston,New York-New York
    Organization: -Santander Holdings USA, Inc.Salary: $120,000 - $205,000/year

Keywords: Santander Holdings USA Inc, Newton , Sr. Associate, Market Risk (IRR), Other , Boston, Massachusetts