Santander Bank, NA Associate, Risk Modeling in Boston, Massachusetts
Associate, Risk Modeling - 1901589
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.
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
Organization : CRO (8855)
Schedule : Full-time
Job Posting : Mar 18, 2019, 4:06:28 PM
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
Santander Bank, NA
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