The Sr. Analyst, Risk Modeling analyzes, reports, and/or evaluates appropriate systems and processes to ensure optimal operations and minimize operating losses. They will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the department.
Supports the Risk Modeling, Decision Science and Data team to establish and leverage appropriate systems and processes to ensure optimal efficiency and effectiveness of operations.
Participates in the design and evolution of the Company's existing suite of stress test forecasting models.
Monitors and reports on management of projects and third party engagements for team in accordance with Corporate project management policies
Models the impact of idiosyncratic stress tests.
Researches and maintains regulatory requirements and publications relevant to model risk.
Assist in the development and maintenance of model risk and model policies, guidelines, validation and development procedures, controls, tools and templates.
Prepares and reviews independent model validation reports for clarity and consistency.
Manages the overall quality control process of model development and validations.
Assist in developing and providing training and support to management and employees regarding model risk strategies and programs.
Monitors and reports on management of projects and third party engagement for team.
Documents, communicates, and incorporates risk modeling analysis into the Company's capital plan and/or other areas.
Recommends models for implementation into a framework that integrates inputs from various areas to allow a combined, cohesive view of portfolio performance through the stress test horizon.
Analyzes and documents the risk modeling results for a wide range of internal and external audiences including senior management and corporate regulators.
Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement.
Assists senior level staff and management as requested.
Performs other duties and responsibilities as assigned.
Qualifications:
Education: Bachelor's Degree or equivalent work experience: Statistics, Mathematics, Economics or equivalent quantitative discipline. Master's Degree Statistics, Mathematics, Economics or equivalent quantitative discipline preferred.
Work Experience: 3+ Years in Risk Modeling
Demonstrated practical and theoretical knowledge of all types of credit products, their structure and behavior in various economic environments.
Demonstrated knowledge of data querying languages and software.
Strong quantitative capabilities and analytical skills, including an investigative mindset.
Strong problem solving and critical thinking skills.
Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills.
Strong verbal and written communication skills.
Ability to build and foster internal relationships.
Strong organizational and time management skills.
Ability to analyze risk and provide recommendations and/or resolutions to minimize risk.
Ability to summarize, document, and communicate information in a clear and concise manner.
Ability to organize and prioritize multiple tasks to meet deadlines.
Ability to work independently as well as collaboratively within a team environment.
Ability to interpret, analyze and apply data/information.
Ability to stay abreast of industry best practices, procedures, and techniques.
Ability to change direction as project demand dictates.
Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner.
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.
Primary Location: Boston, MA, Boston
Other Locations: Massachusetts-Boston
Organization: Santander Holdings USA, Inc.
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
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