Lead and execute model risk management activities and projects in alignment with the Enterprise MRM framework, regulatory guidance, and industry best practices.
Develop and enhance methodologies, tools, and approaches for identifying, assessing, and managing model risk across interest rate, liquidity, credit, and market risk models.
Evaluate model conceptual soundness, key assumptions, data integrity, and overall design to ensure models are fit for purpose.
Perform independent testing of models, including numerical, statistical, and computational accuracy, outcomes analysis, and review of governance and control processes.
Proactively identify gaps, weaknesses, or emerging concerns in existing processes, policies, procedures, and frameworks, and support timely remediation.
Monitor model-related activities to minimize the Company's exposure to model risk through quantitative analysis, risk identification, and remediation efforts.
Communicate complex risk modeling topics, findings, and recommendations to senior management to improve decision-making, efficiency, and risk reduction.
Support regulatory compliance and the Company's reputation by ensuring adherence to legal, regulatory, and internal standards related to model risk management.
Bachelor's Degree in Mathematics, Physics, Statistics, or a related quantitative field, or equivalent work experience – Required.
Master's Degree in Mathematics, Physics, Statistics, or a related quantitative field – Preferred.
+ years of experience in model risk management covering Interest Rate Risk, Liquidity Risk, Credit Risk, and/or Market Risk – Required.
Hands-on experience assessing and validating term structure models, prepayment models, credit loss models, Market Risk Rule models, and ALM frameworks – Required.
Demonstrated experience with stress testing methodologies and practices – Required.
Strong understanding of front-to-back risk management processes, including risk identification, assessment, mitigation, governance, monitoring, testing, and capital calculation – Required.
Working knowledge of the banking regulatory environment and its impact on risk management practices – Required.
Proven ability to lead complex, cross-functional projects related to quantitative risk modeling – Required.
Experience supporting regulatory examinations, audits, or model risk remediation initiatives.
Exposure to emerging risk trends and evolving regulatory expectations within financial services.
Advanced quantitative analysis and practical modeling expertise.
Proficiency in Python, SAS, R, and MATLAB.
Strong knowledge of interest rate, liquidity, credit, and market risk modeling techniques.
Model validation, outcomes analysis, and control assessment capabilities.
Stress testing and scenario analysis techniques.
Risk governance, reporting, and monitoring methodologies.
Strong communication and presentation skills with the ability to convey complex concepts to senior stakeholders.
Excellent project management and organizational skills.
Strong negotiation and influencing abilities.
High attention to detail and sound professional judgment.
Ability to promote and reinforce a strong risk management culture.
Adherence to the Code of Conduct, assigned Risk Tolerance or Mandates, and all organizational policies and procedures applicable.
No Certifications listed for this job.
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Experience in Microsoft Office products.
-
We are seeking consultants to work as a Market Risk (Risk Engineering) - BA with previous experience in Market risk & FRTB regulation. · ...
New York1 month ago
-
We are seeking a highly motivated and team-oriented Market Risk Manager to join our Market Risk Department (MRD), based in New York. · Monitor and manage market risks on a variety of products. · Articulate risk decisions to the Front Office. · Analyze and approve large or complex ...
New York1 month ago
-
The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. · ...
New York2 weeks ago
-
SMBC seeks a Vice President (VP) for the 'Product and Data Management Team - Market Risk' in Risk Management Department Americas Division (RMDAD). The VP will drive enhancements to EUCs and risk models, including refining existing EUCs using Python-based optimization techniques. ...
New York, NY3 weeks ago
-
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risk arising from Morgan Stanley 's business activities. · This role encompasses extensive interaction with trading te ...
New York $100,000 - $140,000 (USD)3 weeks ago
-
The client is seeking consultants to work as a Market Risk (Risk Engineering) - BA with previous experience in Market risk & FRTB regulation. · ResponsibilitiesMonitoring VaR limits and reporting any issues seen to the senior risk managers. · Developing and performing reconciliat ...
New York, NY1 month ago
-
The role will reside within FRM's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risks arising from the Firm's business activities. · ...
New York $75,000 - $95,000 (USD) Full time1 week ago
-
The Market Risk Specialist will reside within FRM's Market Risk Department (MRD) supporting Morgan Stanley's business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns. · The successful candidate will provide market risk coverage o ...
New York1 month ago
-
Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns. · Provide in-depth market risk analyses across various commodities desks/products and escalate key risks to sen ...
New York, NY1 week ago
-
Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, · The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated ...
New York $100,000 - $140,000 (USD) Full time1 month ago
-
The Market Risk Department (MRD) is responsible for providing governance and oversight of all market risk arising from the Firm's business activities. · ...
New York, United States2 days ago
-
A global financial institution seeks a Vice President-Programming Language Expert with strong programming expertise to help modernize and scale its risk infrastructure across U.S. operations. · ...
New York1 month ago
-
The role will reside within Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risk arising from the Firm's business activities. · Maintain on-going dialogue with trading desks and Front Office support ...
New York, NY2 weeks ago
-
Morgan Stanley seeks an experienced Macro (IR/FX/EM) risk manager in New York. · Firm Risk Management supports Morgan Stanley by partnering with business units across the Firm to realize efficient risk-adjusted returns. · The role will reside within the Firm Risk Management's Ma ...
New York $120,000 - $205,000 (USD) Full time1 month ago
-
Our client is seeking consultants to work as a Market Risk (Risk Engineering) - BA with previous experience in Market risk & FRTB regulation. · ...
New York1 month ago
-
Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credi ...
New York $120,000 - $205,000 (USD) Full time1 month ago
-
Morgan Stanley is seeking a Market Risk Specialist to join its Firm Risk Management team in New York. The successful candidate will be responsible for providing market risk analyses across various commodities desks/products and escalating key risks to senior management. · ...
New York, NY1 month ago
-
Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns. · ...
New York $100,000 - $140,000 (USD) Full time1 month ago
-
Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns. The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated t ...
New York, New York, United States of America2 weeks ago
-
The role will reside within the Firm Risk Management's Market Risk Department (MRD). Based in New York, this individual will report to MRD's Global COO. · Be the central point of accountability for program delivery, governance, stakeholder engagement, and regulatory interactions ...
New York $165,000 - $275,000 (USD) Full time1 month ago
-
Our client is seeking consultants to work as a Market Risk (Risk Engineering) - BA with previous experience in Market risk & FRTB regulation. · Monitoring VaR limits, observing risk measures and reporting any issues seen to the senior risk managers. · ...
New York1 month ago
Model Validation Associate – Liquidity and Market Risk - New York - Santander
Description
Model Validation Associate – Liquidity and Market RiskCountry: United States of AmericaIt Starts Here:
Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible. This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.
If you are interested in exploring the possibilities We Want to Talk to You
The Difference You Make:
As a Sr Associate, Risk Modeling, you play a critical role in strengthening the Company's model risk management program by ensuring quantitative models are conceptually sound, well-governed, and aligned with regulatory expectations and industry best practices. You contribute expert insight into market conditions, emerging risks, and future trends while promoting a strong risk culture and helping the organization proactively identify, manage, and mitigate model risk across the enterprise.
Position Summary
What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Experience
Skills
Certifications:
It Would Be Nice For You To Have:
What Else You Need To Know:
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a -hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Base Pay Range:
Minimum:
$,. USDMaximum:
$,. USDWe Value Your Impact:
Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.
Risk Culture:
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.
EEO Statement:
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.
Working Conditions:
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.
Employer Rights:
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 your employment at any time for any reason.
What To Do Next:
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York, NY
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York, NY
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York, NY
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York, United States
-
Market Risk
Only for registered members New York
-
Market Risk
Only for registered members New York, NY
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York, NY
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York, New York, United States of America
-
Market Risk
Full time Only for registered members New York
-
Market Risk
Only for registered members New York