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Senior Risk Model Validation Associate - Loss Provisioning

Country: United States of America

Your 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 (https://tbcdn.talentbrew.com/company/1771/internal\_v2\_0/InternalEligibilityWalkthroughModal\_1.pdf) . 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 [email protected] to discuss your needs.

**Primary Location:** Dallas, TX, Dallas

**Other Locations:** Texas-Dallas,New York-New York

**Organization:** Santander Holdings USA, Inc.

Salary: $108,750 - $195,000/year

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO