Senior Risk Model Validation Associate - Loss Provisioning
Company: Santander Holdings USA Inc
Location: New York
Posted on: May 28, 2025
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Job Description:
Senior Risk Model Validation Associate - Loss ProvisioningCountry: United States of AmericaYour Journey Starts Here:Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!The Difference You Make:The Sr Associate, Risk Modeling will be responsible for conducting independent validation of models used for Loss Provisioning, with regulatory guidance on model risk SR11-07 and other regulatory requirements. They will be responsible for performance robust validations, quality of effective challenge and validation reports of a wide variety of models against US supervisory guidance, established internal standards. Furthermore, the person is expected to lead the day-to-day governance responsibilities such as ongoing performance monitoring, orderly remediation of findings, and annual reviews.
- Evaluates model assumptions and weaknesses, prepares reports describing the results of the validation analyses and list the recommendations for addressing any issues identified.
- Conducts robust validations of a wide variety of models against established standards, developing benchmark, challenger and replication models where applicable.
- Manages the resolution of findings with model owners and developers.
- Partners with model owners and developers to understand the business context for model use, producing technical guidance and adding value to the business process.
- Reviews ongoing model performance, assess overall model health
within a given framework, identify potential problems and work with
stakeholders to resolve issues identified.What You Bring: To
perform this job successfully, an individual must be able to
perform each essential duty satisfactorily. The requirements listed
below are representative of the knowledge, skill, and/or ability
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.
Bachelor's Degree or equivalent work experience. - Required.
Master's Degree or Phd in Statistics, Economics, Mathematics, or
other relevant field of study. - Preferred.9+ years of experience
in Model Development and/or Validation, with coverage of loss
provisioning models. - Required.
- Robust programming capabilities using SAS to conducted independent testing.
- Solid communication and writing skills are required.
- Ability to communicate validation work with others.
- Excellent quantitative and qualitative analysis skills, outstanding time and stress management skills, team-work spirit.
- Ability to apply mathematical and programming skill in a highly
practical way in order to solve problems.Certifications: No
Certifications listed for this job. It Would Be Nice For You To
Have: Established work history or equivalent demonstrated through a
combination of work experience, training, military service, or
education. Risk Culture: We embrace a strong risk culture and all
of our professionals at all levels are expected to take a proactive
and responsible approach toward risk management. EEO Statement: At
Santander, we value and respect differences in our workforce. 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. Working Conditions : Frequent
minimal physical effort such as sitting, standing and walking is
required for this role. Depending on location, occasional moving
and lifting light equipment and/or furniture may be required .
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 your employment at any time for
any reason. What To Do Next :Review the internal eligibility
guidelines here . If this sounds like a role you are interested in,
then please apply. We are committed to providing an inclusive and
accessible application process for all candidates. If you require
any assistance or accommodation due to a disability or any other
reason, please contact us at to discuss your needs.
Benefits:
Santander Benefits - 2025 Santander OnGoing/NH eGuide ()
Primary Location: Dallas, TX, Dallas
Other Locations: Texas-Dallas,New York-New York
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.Salary: $108,750 - $195,000/year
Keywords: Santander Holdings USA Inc, Trenton , Senior Risk Model Validation Associate - Loss Provisioning, Other , New York, New Jersey
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