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Validate and challenge advanced quantitative risk models to ensure regulatory compliance and model integrity
Boston
Senior
$67,500 – 140,000 USD / year
yesterday
Santander

Santander

A multinational financial services group offering banking products, services, and solutions to individuals and businesses globally.

Risk Model Validation Analyst

Santander is a global leader and innovator in the financial services industry. We believe in empowering people through innovation, data, and forward-thinking risk management. As part of our Model Risk Management Group, you conduct robust validations of a wide variety of quantitative risk models.

Responsibilities:

  • Validates models against established standards, develops benchmarks, and 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.
  • Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.
  • Manages models of advanced complexity and leads special projects and/or programs.
  • Ensures adherence to the policies and procedures established by the company.

Qualifications:

Bachelor’s degree in Statistics, Mathematics, Engineering, Computer Science, Economics, or related field, or equivalent work experience. Required.

Master’s degree or higher in Statistics, Mathematics, Engineering, Computer Science, Economics, or related fields. Preferred.

Experience in the financial services industry, including expertise in risk modeling and regulatory compliance. Preferred.

  • Proficient in SAS, SQL, Python, and R, with strong quantitative, analytical, and problem-solving capabilities.
  • Skilled in risk analysis and able to provide clear recommendations and resolutions to minimize exposure.
  • Excellent communication skills, with the ability to explain technical results to non-technical stakeholders, document findings, and deliver clear instructions.
  • Strong organizational and time-management skills, with adaptability to shift direction as project demands change.
  • Collaborative team player with the ability to work independently and foster internal relationships.

Base Pay Range: $67,500.00 USD to $140,000.00 USD

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. 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. Frequent minimal physical effort such as sitting, standing, and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

If this sounds like a role you are interested in, then please apply. We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.

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Boston
$67,500 – 140,000 USD / year
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About Santander
A multinational financial services group offering banking products, services, and solutions to individuals and businesses globally.