What are the responsibilities and job description for the Enterprise Risk Modeling Specialist position at Santander Holdings USA Inc Careers?
Job Overview:
The Enterprise Risk Modeling Specialist will be responsible for executing model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.
Key Responsibilities:
- Validate AML and commercial credit risk models to confirm they meet regulatory and internal requirements.
- Develop complex inquiries with SQL, SAS, Python and ETL to perform analyses of the underlying data in our systems and highlight trends, issues, and findings.
- Evaluate model assumptions and data integrity.
- Tests models numerical, statistical, and computational accuracy.
- Ensures adherence to the policies and procedures established by the company.
Required Skills and Qualifications:
- Bachelor's Degree or equivalent work experience.
- 5 years in model development and/or validation in the banking or financial services industry.
- Advanced knowledge of model risk management best practices and how to implement them.
- Advanced quantitative skills.
- Demonstrated practical modeling experience.
- Detail orientated with the ability to also understand overall strategy.
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