What are the responsibilities and job description for the Associate, Risk Modeling position at Santander Holdings USA Inc?
Job Title: Associate, Risk Modeling
The Model Development department is seeking an Associate to develop and manage advanced regulatory-compliant risk modeling solutions. These models support multiple bank functions, including underwriting, loss forecasting, portfolio management, and balance sheet management.
Key Responsibilities:
- Develop and enhance advanced credit risk, balance sheet, and market risk models.
- Analyze business needs, model requirements, and assumptions.
- Produce high-quality model build documentation.
- Evaluate model deliverables for compliance with bank and regulatory standards.
- Create performance monitoring reports and share results with stakeholders.
Requirements:
- Bachelor's Degree in Statistics, Economics, Mathematics, or a quantitative field (Master's Degree or PhD preferred).
- 5 Years of model development experience, preferably in credit and treasury risk modeling for financial institutions.
- Expertise in statistical methodologies like regression, time series, decision trees, and clustering.
- Advanced knowledge of SAS, SQL, R, Python, and QRM.
- Excellent written and verbal communication skills, with a focus on technical writing.
Benefits:
- Diverse and inclusive work environment.
- Competitive salary range: $90,000 - $165,000/year.
About the Company:
Santander Holdings USA, Inc. values diversity and respects individual differences in our workforce. We encourage everyone to apply and offer equal employment opportunities to all qualified applicants.
Salary : $90,000 - $165,000
