Senior Associate, Risk Modeling

Senior Associate, Risk Modeling – (job location is Boston, MA; employer is Santander Holdings USA, Inc.) - Review and assess risk models within given framework, identifying potential problems and working with stakeholders to resolve them. Conduct robust validations of a wide variety of models against established standards. Develop benchmarks, challenge and replicate models as applicable. Assess model performance and evaluate model assumptions and weaknesses. Help communicate with risk committees, auditors, regulators, and senior management regarding model risk and potential effects on the organization’s risk profile. Research new modeling methodologies and approaches to model risk management. Prepare risk model reports that describe the results of validation analyses and recommendations to address identified issues. Help develop and train employees on model development strategies and programs. Requirements: Master’s Degree in Statistics or Mathematics, plus two years of experience in position offered or as Associate, Risk Modeling. All required experience must have included developing models for credit risk loss forecasting (PD, LGD, EAD); developing and maintaining stress testing and provisioning models, including CCAR, CECL and IFRS9 models; performing stress testing and forecasting expected credit losses; ensuring model risks are identified, assessed and captured through metrics including K-S, GINI, PSI and backtesting; and programming in SAS/R/Python to automate quantitative work. #LI-DNI. This role entails hybrid work, with time split between working in our Boston, MA office and flexibility to telecommute from another U.S. location. E-mail résumé to: Deb Sebock, dsebock@santanderconsumerusa.com. Reference #534 on résumé.