Senior Analyst, Risk Modeling

Company: Santander
Location: The Colony
Posted on: March 21, 2020

Job Description:

DescriptionJob Family: RiskMonitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.Job Function: Risk ManagementEnsures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.Summary of Responsibilities:The Sr. Analyst, Risk Modeling analyzes, reports, and/or evaluates appropriate systems and processes to ensure optimal operations and minimize operating losses. S/he will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the department.Essential Functions:Supports the Risk Modeling, Decision Science and Data team to establish and leverage appropriate systems and processes to ensure optimal efficiency and effectiveness of operations.Participates in the design and evolution of the Company's existing suite of stress test, pricing, origination, forecasting, and collections models.Monitors and reports on management of projects and third party engagements for team in accordance with Corporate project management policiesModels the impact of idiosyncratic stress tests.Researches and maintains regulatory requirements and publications relevant to model riskAssist in the development and maintenance of model risk and model policies, guidelines, validation and development procedures, controls, tools and templates.Prepares and reviews independent model validation reports for clarity and consistency.Manages the overall quality control process of model development and validations.Assist in developing and providing training and support to management and employees regarding model risk strategies and programs.Monitors and reports on management of projects and third party engagement for team.Documents, communicates, and incorporates risk modeling analysis into the Company's capital plan and/or other areas.Recommends models for implementation into a framework that integrates inputs from various areas to allow a combined, cohesive view of portfolio performance through the stress test horizon.Analyzes and documents the risk modeling results for a wide range of internal and external audiences including senior management and corporate regulators.Provides procedural guidance and support to junior analysts in the various functions of the department, and in the methods of tools of analysis.Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement.Assists senior level staff and management as requested.Performs other duties and responsibilities as assigned.Other Functions:Other duties as assigned.Requirements:Education -Bachelor's Degree: Statistics, Mathematics, Economics or equivalent quantitative discipline.or equivalent work experienceMaster's Degree: Statistics, Mathematics, Economics or equivalent quantitative discipline.Experience -3-5 yearsSkills & Abilities - Demonstrated practical and theoretical knowledge of all types of credit products, their structure and behavior in various economic environments.Demonstrated knowledge of data querying languages and software.Demonstrated experience building financial models within Excel.Strong quantitative capabilities and analytical skills, including an investigative mindset.Strong problem solving and critical thinking skills.Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills.Strong verbal and written communication skills.Ability to build and foster internal relationships.Strong organizational and time management skills.Ability to analyze risk and provide recommendations and/or resolutions to minimize risk.Ability to summarize, document, and communicate information in a clear and concise manner.Ability to organize and prioritize multiple tasks to meet deadlines.Ability to work independently as well as collaboratively within a team environment.Ability to interpret, analyze and apply data/information.Ability to stay abreast of industry best practices, procedures, and techniques.Ability to change direction as project demand dictates.Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner.Competencies:Collaboration - Relationship Management:Proficient - Applying and ExecutingKnows who to reach out to inside and outside of one's team to get work doneTakes action to enhance working relationships needed to achieve seamless work flowCollaboration - Teamwork:Proficient - Applying and ExecutingCreates a good working environment in the team; works towards shared goals contributing ideas and accepting changeProvides assistance and coaches less experienced team membersExecution - Accountability:Proficient - Applying and ExecutingFollows through to meet commitments to othersTakes responsibility for achieving strong results, despite balancing multiple complex demandsInfluence - Information Sharing:Proficient - Applying and ExecutingUses information and data effectively to support a position and present a rational caseInfluence - Two-way communication:Proficient - Applying and ExecutingCommunicates in a timely and straightforward mannerProbes for additional information, clarifies assumptions and confirms agreed-upon actionsKeeps everyone involved informed about progress and issuesRisk Business Acumen - Industry Acumen:Proficient - Applying and ExecutingStays current with industry and regulatory trends and emerging risk issuesHas good understanding of current market and competitive landscape that the organization operates withinRisk Management - Knowledge of Risk Management Policies, Regulations, Processes and Procedures:Proficient - Applying and ExecutingExecutes risk management process and procedures without management direction, and demonstrates awareness of expected resultsKnows the relationship and impact of actions and resultsHas an understanding of regulations impacting area supportedRisk Management - Risk and Compliance Adherence:Proficient - Applying and ExecutingCommunicates the importance and benefits of risk management to counterpartsDisplays natural skepticism and curiosity to question the status quo and uncover issuesAdheres to a good root cause analysis processWorking Conditions:Frequently: Minimal physical effort such as sitting, standing, and walking.Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.Employer's Rights:This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will 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 employment at any time, for any reason.

Keywords: Santander, The Colony , Senior Analyst, Risk Modeling, Professions , The Colony, Texas