Sr Risk Model Validation Associate - Expert Judgement Models

Company: Banco Santander SA
Location: Boston
Posted on: January 29, 2025

Job Description:

Sr Risk Model Validation Associate - Expert Judgement ModelsApply locations Boston posted on Posted 3 Days Ago job requisition id Req1407410 Sr Risk Model Validation Associate - Expert Judgement Models Country: United States of AmericaThe Sr Risk Model Validation Associate - Expert Judgement Models (Sr. Associate, Risk Modeling) conducts robust validations of Expert Judgement models (EJM) against established standards, develops benchmarks, and challenges and replicates models where applicable. They manage models of advanced complexity and lead special projects and/or programs.Responsibilities:

• Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.
• Conducts robust validations of a wide variety of models against established standards, develops benchmarks, challenges and replicates models where applicable.
• Assesses model performance and evaluates model assumptions and weaknesses.
• Collaborates with model owners to understand the business context for models.
• Ensures adherence to the policies and procedures established by the company.
• Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.
• Monitors and manages risk/exposure and compliance with the company's policies.
• Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.Qualifications:
  • Education: Bachelor's Degree or equivalent work experience. Master's degree in STEM related field preferred.
  • Work Experience: 9+ years in model development and/or validation in Financial Services industry.
  • Advanced proficiency in SQL, SAS, Python.
  • Comprehensive knowledge of front to back risk management processes, including: Operational risk, Risk identification, assessment, mitigation and control, Governance and reporting, Monitoring and testing, Operational risk modeling and capital calculation.
  • Knowledge of banking regulatory environment and impact on risk management practices.
  • Successful track record in achieving outstanding levels of delivery, performance, challenge, and oversight.
  • Demonstrated stress testing techniques.
  • Demonstrates an informed perspective on Market environment, future trends, and emerging.
  • 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.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.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.Base Pay RangeMinimum: $108,750.00 USDMaximum: $195,000.00 USDThe Santander EffectOur work touches 140 million lives every day. How? By always innovating, sharing our experiences, questioning how we do things and adapting to new challenges.As we keep reinventing ourselves for the digital age, you'll find that with us, even your smallest action will have a massive impact.
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Keywords: Banco Santander SA, Newton , Sr Risk Model Validation Associate - Expert Judgement Models, Other , Boston, Massachusetts