What are the responsibilities and job description for the Model Risk Governance Associate position at Santander US?
New York, United States of America
The Associate, Risk Modeling – Governance is part of the Model Risk Governance team within the Model Risk Management Group (MRMG). The MRMG Governance team is responsible for designing and maintaining the US Model Risk Management Framework, and tracking and reporting on this framework to ensure that model risk management activities are consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance. There will be a focus on activities related to supporting new activity in the Santander US CIB.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: New York, NY, New York
Other Locations: New York-New York
Organization: Santander Holdings USA, Inc.
Salary: $90,000 - $165,000/year
The Associate, Risk Modeling – Governance is part of the Model Risk Governance team within the Model Risk Management Group (MRMG). The MRMG Governance team is responsible for designing and maintaining the US Model Risk Management Framework, and tracking and reporting on this framework to ensure that model risk management activities are consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance. There will be a focus on activities related to supporting new activity in the Santander US CIB.
- Executes model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.
- Works with Model Validation team and Model Owners to maintain the model risk inventory ensuring up-to-date and accurate information.
- Ad hoc project work to support special initiatives such as New Business Product Approvals.
- Engage in a continuous and fluid relationship with internal audit team and Group colleagues in written and verbal form.
- Prepares Committee and Regulatory presentations and meeting minutes.
- Monitors adherence to the Model Risk Management policies and procedures and actively undertakes corrective action where necessary.
- Works with the Enterprise Risk Management team to ensure model risk complies with expectations regarding Issue Management, Risk Control Sels Assessments, Risk Appetite Statement metrics and the Material Risk Program.
- Other projects / tasks as assigned.
- Education: Bachelor's Degree or equivalent work experience.
- Work Experience: 5 years in Model Governance and/or Model Audit function. Experience in Corporate and Investment Banking preferred.
- Knowledge of model risk management regulations and requirements.
- Proficient English skills, including excellent written and verbal communication, with a focus on clear and detailed technical writing and presenting analytical information.
- Ability to effectively communicate and collaborate with multiple stakeholders including Senior Management.
- Detail orientated with the ability to also understand overall strategy.
- Ability to work independently, multi-task and meet strict deadlines.
- Ability to contribute to a team with a can-do attitude
- Ability to adjust to new developments/changing circumstances.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: New York, NY, New York
Other Locations: New York-New York
Organization: Santander Holdings USA, Inc.
Salary: $90,000 - $165,000/year
Salary : $90,000 - $165,000
