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Florham Park

    Model Development Associate - Florham Park, United States - Santander Consumer USA

    Santander Consumer USA
    Santander Consumer USA Florham Park, United States

    3 weeks ago

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    Description
    Model Development AssociateFlorham Park, United States of America

    As part of the


    Model Development department, you will be responsible for developing and managing advanced regulatory-compliant risk modeling solutions that are used in the day-to-day decision making of the institution.

    These models encompass the different lines of business (Consumer, Commercial and Wholesale) as well as the Treasury.

    They typically support multiple bank functions including underwriting, loss forecasting - including stress testing (HCR/DFAST) and reserve calculation (CECL/IFRS), portfolio management, and balance sheet management.

    The Associate will offer constant interaction with multiple stakeholders, both internal (senior management, business) and external (supervisors). The Associate will serve as an expert resource for risk quantification and modeling.
    Responsible for the development and enhancement of advanced credit risk, balance sheet and market risk models

    Conduct a critical analysis to understand the business needs, model requirements and its assumptions

    Produce accurate, concise and high-quality model build documentation

    Ensure all model deliverables are of the highest standard and compliant with bank and regulatory standards

    Create model performance monitoring reports on an ongoing basis and share results with various stakeholders

    Engage in a continuous and fluent relationship with different stakeholders: model owners, portfolio managers, model developers and external parties

    Provide expertise and oversight to ensure all models are interpreted and used consistently and correctly across the bank

    Contribute to model development and methodology-related presentations for various audiences including credit officers, model users, internal audit and regulators


    Qualifications:
    Bachelor's Degree in, Statistics, Economics, Mathematics or an equivalent quantitative field (Master's Degree or PhD preferred)

    5+ Years of model development experience. Experience building risk models (credit, treasury) for financial institutions preferred

    Expertise in statistical methodologies like regression, time series, decision trees and clustering

    Advanced SAS and SQL knowledge (needed), R, Python, QRM (optional)

    Hands on experience in using complex statistical techniques to solve business problems

    Excellent written and verbal communication with a focus on detailed and clear technical writing

    Knowledge of regulatory expectations for model development and model risk management preferred

    Knowledge of modeling methodologies used in HCR/CECL preferred

    Can-do attitude, creative thinker with a proactive mindset;

    Ability to manage efficiently multiple priorities and time project management;

    Effectively engage and collaborate in teamwork;

    Flexibility and creativity in problem solving;

    Independent critical thinking;

    At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. 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.

    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.

    Bachelor of Science (BS) English

    Primary Location:
    Florham Park, NJ, Florham Park

    Other Locations:
    New Jersey-Florham Park,Massachusetts-Boston

    Organization:
    Santander Holdings USA, Inc.

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