Senior Credit Risk Modeling Associate

Senior Credit Risk Modeling Associate Country:
United States of America It Starts With You:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

The Quantitative Risk Modeling team is responsible for the development, implementation, monitoring, and governance of quantitative credit risk models that support Santander's commercial lending portfolios. The team partners closely with Risk, Credit, Business Line, Data, Technology, and Model Risk Management stakeholders to enhance the bank's risk assessment framework, improve portfolio management, and meet regulatory expectations.

Position Summary The Sr. Associate, Risk Modeling conducts robust researches and validations of a wide variety of risk models against established standards, develops benchmarks, and challenges and replicates models where applicable. The incumbent manages models of advanced complexity and leads special projects and/or programs.

Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.

Conducts robust researches and validations of a wide variety of models against established standards, develops benchmarks, challenges and replicates models where applicable.

Assesses model performance and evaluates model assumptions and weaknesses.

Collaborates with model owners and develops to understand the business context for models.

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.

Improves researching new modeling methodologies and new approaches to the management of model risk.

Prepares risk model reports, describing the results of the validation analyses and list the recommendations for addressing any issues identified.

Assists in developing and providing training and support to management and employees regarding model development strategies and programs.

Prepares model development related reporting for internal and external stakeholders.

Provides effective communication to model, business and model risk owner groups.

Improves the model development standards which have been aligned to the Model Risk Management Framework within the company.

Proactively seek improvements to the credit models that increase the percentage of new loan application volume that can benefit from automated decisioning versus manual underwriting.

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.

Education:

Bachelor’s Degree in related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Required.

Advanced Degree (Masters or PhD) in related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Preferred.

Professional

Experience:

9+ Years in Risk Management and Risk Model Development
- Required.

Knowledge of banking…