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Santander Bank, NA Associate, Risk Modeling in Boston, Massachusetts

Associate, Risk Modeling - 1901589

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Description

The Associate, Risk Modeling is responsible for executing model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.

  • Assesses risk model conceptual soundness.

  • Evaluates model assumptions and data integrity.

  • Executes model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.

  • Performs outcome analysis.

  • Reviews model governance and control processes.

  • Tests models numerical, statistical, and computational accuracy.

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.

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Qualifications

Requirements:

  • Bachelor's Degree; Mathematics, Physics, Statistics or equivalent quantitative field.

  • Master's Degree or Ph.D. preferred; Mathematics, Physics, Statistics or equivalent quantitative field.

  • 5-9 years’ experience

  • Ability to adjust to new developments/changing circumstances.

  • Ability to analyze risk and design efficient control practices to minimize risk.

  • Ability to build and foster internal relationships.

  • Ability to convey a sense of urgency and drive.

  • Ability to lead, influence and direct peers, subordinates and management.

  • Ability to multi-task and meet strict deadlines.

  • 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.

  • Strong analytical, problem solving and critical thinking skills.

  • Strong critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.

  • Strong project management skills.

  • Strong written and verbal communication skills.

  • Communicates in a timely and straightforward manner.

  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions.

  • Keeps everyone involved informed about progress and issues.

  • Communicates the importance and benefits of risk management to counterparts.

  • Displays natural skepticism and curiosity to question the status quo and uncover issues.

  • Adheres to a good root cause analysis process.

  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change.

  • Provides assistance and coaches less experienced team members.

  • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results.

  • Knows the relationship and impact of actions and results.

  • Has an understanding of regulations impacting area supported.

  • Follows through to meet commitments to others.

  • Takes responsibility for achieving strong results, despite balancing multiple complex demands.

  • Knows who to reach out to inside and outside of one’s team to get work done.

  • Takes action to enhance working relationships needed to achieve seamless work flow.

  • Stays current with industry and regulatory trends and emerging risk issues.

  • Has good understanding of current market and competitive landscape that the organization operates within.

  • Uses information and data effectively to support a position and present a rational case.

Job : Risk Management
Primary Location : Massachusetts-Boston-75 State Street - 06366 - State Street-Corp

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Organization : CRO (8855)
Schedule : Full-time
Job Posting : Mar 18, 2019, 4:06:28 PM

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

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