Santander Bank, N.A. · 1 week ago
Model Validation Analyst – Corporate & Investment Banking
New York, NY
Full-time
Onsite
Mid, Senior Level
$66K/yr - $145K/yr
3+ years expSantander Bank, N.A. is a global leader and innovator in the financial services industry. The Sr. Analyst, Model Risk will be responsible for performing independent validation of models used by the bank, ensuring compliance with regulatory guidance on model risk and managing ongoing performance monitoring and governance.
BankingFinanceFinancial Services
Responsibilities
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
Advises senior personnel in their communications with risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile of the bank
Manages the resolution of findings with model owners and developers
Reviews ongoing model performance, assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve issues identified
Partners with model owners and developers to understand the business context for model use, producing technical guidance and adding value to the business process
Develops and executes initiatives such as researching new trends in modeling and approaches to the management of associated model risk
Qualification
Required
Bachelor's Degree in Statistics, Mathematics, Economics or equivalent quantitative discipline or equivalent work experience
3+ years of experience in Model Validation and/or Model Risk Management function at a large corporate and investment bank
Detailed familiarity with advanced quantitative analysis and applied statistical techniques in relevant asset/liability categories, including regression, time series forecasting, econometric modelling, PCA analysis, data mining, survival analysis, sensitivity, back-testing, model performance measurement
Sound knowledge of financial numerical methods/PDEs, stochastic calculus, and option pricing
Programming capabilities: Hands on programming skills required in common programming languages and packages like R, Python, Matlab, and SAS etc
Ability to apply mathematical and statistical skill in a highly practical way to solve problems
Ability to work with senior management and other stakeholders
Outstanding time and stress management skills, team-work spirit. As a responsible level the team member should be a self-starter and need minimal direction from managers in pursuing projects
Preferred
An advanced degree, masters/PhD in a quantitative discipline such as Financial Engineering, Mathematics, Physics, Quantitative Finance, Economics, Statistics, or other relevant field of study
Familiarity with QRM, ADCo and Intex or similar systems
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Experience in Microsoft Office products
Company
Santander Bank, N.A.
At Santander Bank, it’s our mission to help people and businesses prosper.
5001-10000 employees
H1B Sponsorship
Santander Bank, N.A. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
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Trends of Total Sponsorships
2025 (44)
2024 (36)
2023 (61)
2022 (66)
2021 (78)
2020 (69)
Funding
Current Stage
Late StageTotal Funding
$75MKey Investors
Wind Turbine & Energy Cables
2020-01-22Debt Financing· $75M
Leadership Team
Pierre Habis
Chief Consumer & Digital Transformation Officer
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