Sr. Associate, Risk Modeling-1901652
Model Development Senior Quantitative Risk Modeler
Risk is present in all of Santander's activities and effective Risk Management is a critical component of the Bank's success. Through application of the Bank's Risk Framework and the continuous identification and assessment of risk, Santander seeks to ensure that all of our businesses operate inside of clearly established limits, are able to proactively quantify exposures, and take corrective action when required. As a member of the Model Development Division you'll be part of a diverse team of talented professionals who interact with senior risk team personnel, business managers and other Bank disciplines in order to provide them with the appropriate models for each need.
As part of a team you will be responsible for developing, delivering, signing-off and supporting advanced regulatory-compliant Asset and Liability Management models.
Assesses model performance and evaluates model assumptions and weaknesses.
Collaborates with model owners and develops to understand the business context for models.
Research new modeling methodologies and new approaches
Prepares model development documentation for internal and external stakeholders.
Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.
Supports senior model risk personnel in their communications with risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile to the organization.
Masters or Ph.D. degree in Economics, Statistics, Mathematics, quantitative finance or other related quantitative field preferred.
Strong quantitative skills and practical modeling experience.
Proficiency in an statistical package like SAS, MATLAB or R.
Other programming languages are a plus.
2 + years of experience in a quantitative development role
Good understanding of banking business. FRM or CFA is a plus.
Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages.
Primary Location:Massachusetts-Boston-75 State Street - 06366 - State Street-Corp
Job Posting:Mar 15, 2019, 7:24:37 PM
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO