NewarkRecruiter Since 2001
the smart solution for Newark jobs

VP, Senior Associate, Risk Modeling

Company: Santander Holdings USA Inc
Location: Long Valley
Posted on: November 24, 2022

Job Description:

VP, Sr. Associate, Risk ModelingCountry: United States of AmericaWHAT YOU WILL BE DOINGThe Sr. Associate, Risk Modeling is responsible for model development and implementation for portfolio of auto loans, commercial and residential loans, bank deposits in Asset Liability Management (ALM) framework. Develop prepayment model for structured securities portfolio including residential and commercial mortgage-backed securities, asset backed securities (ABS). This role is responsible for the entire risk modeling process including model calibration, testing, benchmarking, implementation in Quantitative Risk Management (QRM) system, as well as model documentation and monitoring. This role is to work with treasury group, market risk group and internal quantitative modeling group to implement the models in production. In addition, this role is to provide model related analysis and document to regulators, model users, model validators and internal audit.

  • Conduct data analysis, calibration and testing for model development purpose.
  • Develop and implement models for portfolio of auto loans, commercial and residential loans, bank deposits in Asset Liability Management (ALM) framework.
  • Develop and implement models for structured securities.
  • Provide analysis and documentation for the model development.
  • Communicate methodology to senior management, Model validation, internal audit, and regulator.
  • Work with treasury and market risk group on model implementation and monitoring.
  • Knowledge on Market risk modeling is preferred.At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.
    • Bachelor's Degree; Mathematics, Physics, Statistics or equivalent quantitative field
    • Master's Degree; Mathematics, Physics, Statistics or equivalent quantitative field
    • 9+ years work experience; Risk Management, Risk Modeling, AML, Financial Services industry
    • Ability to lead complex projects with outstanding awareness of the Operational Risk associated
    • Adherence to the Code of Conduct, assigned Risk Tolerance or Mandates and all organizational policies and procedures applicable
    • Risk modeling, capital calculation and demonstrated stress testing technique
    • Demonstrates an informed perspective on Market environment, future trends
    • Knowledge of banking regulatory environment and impact on risk, management practices
    • Strong negotiation and presentation skills
    • Strong quantitative skills and practical modeling experience
    • Successful track record in achieving outstanding levels of delivery, performance, challenge, and oversight
    • Superior project management skills
    • Minimal physical effort such as sitting, standing, and walking
    • Brings out the best in each team member by consistently motivating and acknowledging peer contributions
    • Understands and leverages team dynamics
    • Effectively conveys difficult or complex information in an easy-to-understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view
    • Ensures people receive the information they require, and brings the team together to share information
    • Ensures that all directs, and colleagues have appropriate knowledge of risk and the regulatory environment
    • Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management
    • Fully accountable for timeliness, completeness, quality of projects, processes, products and services
    • Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
    • Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results
    • Uses informal networks to gain support for ideas and projects
    • Keeps up to date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
    • Can identify functional and organizational implications associated with major trends
    • Designs solutions to address industry activities that impact the organization
    • Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
    • Understands end to end processes across the organization and how processes are integrated
    • Has a practical knowledge of regulations impacting area supportedFor NYC Job Applicants: The base annual salary range for this position is $129,213 -$175,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location. Masters of Science (MS) English Primary Location: Boston, Massachusetts, United States of AmericaOther Locations: Massachusetts-Boston,New Jersey-Florham Park,New York-New YorkOrganization: Santander Bank N.A.

Keywords: Santander Holdings USA Inc, Newark , VP, Senior Associate, Risk Modeling, Executive , Long Valley, New Jersey

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest New Jersey jobs by following @recnetNJ on Twitter!

Newark RSS job feeds