Senior Model Risk Validation Analyst – Expert Judgement Models
Company: Santander Holdings USA Inc
Location: Boston
Posted on: July 8, 2025
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Job Description:
Senior Model Risk Validation Analyst – Expert Judgement Models
Country: United States of America Your Journey Starts Here:
Santander is a global leader and innovator in the financial
services industry. We believe that our employees are our greatest
asset. Our focus is on fostering an enriching journey that empowers
you to explore diverse career opportunities while nurturing your
personal growth. We are committed to creating an environment where
continuous learning and development are prioritized, enabling you
to thrive both professionally and personally. Here, you will find
ample opportunities to connect and collaborate with talented
colleagues from around the world, sharing insights and driving
innovation together. Join us at Santander, where you are supported
by a culture of engagement and a commitment to your success. An
exciting journey awaits, if you are interested in exploring the
possibilities We Want to Talk to You! The Difference You Make: The
Senior Model Risk Validation Analyst (Sr. Analyst, Model Risk) will
be responsible for performing independent validation of models and
expert judgement models used by the bank in conformance with
regulatory guidance on model risk SR11-07. This individual’s
responsibility includes performing robust model validations, from
input data, model methodology, outcome and usage and related
controls and governance around model risk. This role involves
internal communication with business and model development and
external with vendors and third-party servicers. Furthermore, this
individual is expected to take the day-to-day model risk governance
responsibilities such as ongoing performance monitoring, orderly
remediation of findings, and model annual reviews. - Evaluates
model assumptions and weaknesses, prepares reports describing the
results of the validation analyses and list the recommendations for
addressing any issues identified. - Conducts robust validations of
a wide variety of models against established standards, developing
benchmark, challenger, and replication models where applicable. -
Advises senior personnel in their communications with risk
committees, auditors, regulators, and senior management regarding
model risk and its potential effects on the risk profile of the
bank. - Manages the resolution of findings with model owners and
developers. - Reviews ongoing model performance, assesses overall
model health within a given framework, identifies potential
problems and works with stakeholders to resolve issues identified.
- Partners with model owners and developers to understand the
business context for model use, producing technical guidance and
adding value to the business process. - Develops and executes
initiatives such as researching new trends in modeling and
approaches to the management of associated model risk. 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.
Bachelor’s Degree or equivalent work experience in Statistics,
Mathematics, Economics or equivalent quantitative discipline. -
Required. Master's Degree or PhD in a quantitative discipline such
as Financial Engineering, Mathematics, Physics, Quantitative
Finance, Economics, Statistics, or other relevant field of study. -
Preferred. 3 years of experience in Model Development, Validation
and/or Model Risk Management function at a bank. - Programming
capabilities: Hands on programming skills required in common
programming languages and packages like R, Python, Matlab, and SAS
etc. - Detailed familiarity with advanced quantitative analysis and
applied statistical techniques in relevant asset/liability
categories, including regression, time series forecasting,
econometric modelling, PCA analysis, data mining, survival
analysis, sensitivity, back-testing, model performance measurement.
- Familiarity with QRM, ADCo and Intex or similar systems highly
preferred. - Sound knowledge of financial numerical methods/PDEs,
stochastic calculus, and option pricing. - Ability to apply
mathematical and statistical skill in a highly practical way to
solve problems. - Solid communication skill is required. Ability to
work with senior management and other stakeholders. - Outstanding
time and stress management skills, team-work spirit. As a
responsible level the team member should be a self-starter and need
minimal direction from managers in pursuing projects.
Certifications: No Certifications listed for this job. It Would Be
Nice For You To Have: Established work history or equivalent
demonstrated through a combination of work experience, training,
military service, or education. 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 40-hour work week. The exact
compensation may vary based on skills, experience, training,
licensure and certifications and location. Base Pay Range Minimum:
$67,500.00 USD Maximum: $140,000.00 USD Link to Santander Benefits:
Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)
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: 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. Primary Location: Boston, MA, Boston Other
Locations: Massachusetts-Boston Organization: Santander Holdings
USA, Inc.
Keywords: Santander Holdings USA Inc, Chicopee , Senior Model Risk Validation Analyst – Expert Judgement Models, Accounting, Auditing , Boston, Massachusetts