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Location Boston, United States Category Risk & Governance Date posted 06/04/2021 Job ID 2101492
Sr. Analyst, Risk Modeling-2101492

Description

The Sr. Analyst, Risk Modeling analyzes, reports, and/or evaluates appropriate systems and processes to ensure optimal operations and minimize operating losses. S/he will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the department.

  • Analyzes and documents the risk modeling results for a wide range of internal and external audiences including senior management and corporate regulators.
  • Assist in developing and providing training and support to management and employees regarding model risk strategies and programs.
  • Assist in the development and maintenance of model risk and model policies, guidelines, validation and development procedures, controls, tools and templates.
  • Assists senior level staff and management as requested.
  • Documents, communicates, and incorporates risk modeling analysis into the Company's capital plan and/or other areas.
  • Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement.
  • Manages the overall quality control process of model development and validations.
  • Models the impact of idiosyncratic stress tests.
  • Monitors and reports on management of projects and third party engagements for team in accordance with Corporate project management policies, Participates in the design and evolution of the Company's existing suite of stress test forecasting models.
  • Performs other duties and responsibilities as assigned.
  • Prepares and reviews independent model validation reports for clarity and consistency.
  • Provides procedural guidance and support to junior analysts in the various functions of the department, and in the methods of tools of analysis.
  • 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.
  • Researches and maintains regulatory requirements and publications relevant to model risk
  • 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.

Qualifications

Requirements:

  • Bachelor's Degree; Statistics, Mathematics, Economics or equivalent quantitative discipline and 3-5 years’ experience
  • Master's Degree; Statistics, Mathematics, Economics or equivalent quantitative discipline., or equivalent work experience
  • Proficieny in SAS/SQL
  • Ability to analyze risk and provide recommendations and/or resolutions to minimize risk.
  • Ability to build and foster internal relationships.
  • 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.
  • Ability to interpret, analyze and apply data/information.
  • Ability to organize and prioritize multiple tasks to meet deadlines.
  • Ability to stay abreast of industry best practices, procedures, and techniques.
  • Ability to summarize, document, and communicate information in a clear and concise manner.
  • Ability to work independently as well as collaboratively within a team environment.
  • Demonstrated experience building financial models within Excel.
  • Demonstrated knowledge of data querying languages and software.
  • Demonstrated practical and theoretical knowledge of all types of credit products, their structure and behavior in various economic environments.
  • Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills.
  • Strong organizational and time management skills.
  • Strong problem solving and critical thinking skills.
  • Strong quantitative capabilities and analytical skills, including an investigative mindset.
  • Strong verbal and written communication skills.
  • Communicates in a timely and straightforward manner
  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions
  • Keeps everyone involved informed about progress and issues
  • Communicates the importance and benefits of risk management to counterparts
  • Displays natural skepticism and curiosity to question the status quo and uncover issues
  • Adheres to a good root cause analysis process
  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change
  • Provides assistance and coaches less experienced team members
  • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results
  • Knows the relationship and impact of actions and results
  • Has an understanding of regulations impacting area supported
  • Follows through to meet commitments to others
  • Takes responsibility for achieving strong results, despite balancing multiple complex demands
  • Knows who to reach out to inside and outside of one’s team to get work done
  • Takes action to enhance working relationships needed to achieve seamless work flow
  • Stays current with industry and regulatory trends and emerging risk issues
  • Has good understanding of current market and competitive landscape that the organization operates within
  • Uses information and data effectively to support a position and present a rational case

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 - http://thesource.sov.gs.corp/assets/Internal-Recruitment-Guidelines.pdf  

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

Job

:Risk Management

Primary Location

:Massachusetts-Boston-75 State Street - 06366 - State Street-Corp

Organization

:CRO (8855)

Schedule

:Full-time

Job Posting

:Apr 5, 2021, 9:26:04 PM

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  • Risk & Governance, Boston, Massachusetts, United StatesRemove