Director, Risk Modeling - Loss Provisioning Job at Santander Holdings USA Inc, East Boston, MA

S2JrNmEyUWdvSFR1eEJXM2tOR1NMOWl2THc9PQ==
  • Santander Holdings USA Inc
  • East Boston, MA

Job Description

Director, Risk Modeling - Loss Provisioning Boston, United States of America The Director, Risk Modeling will be responsible for conducting independent validation of models used for loss provisioning, with regulatory guidance on model risk SR11-07 and other regulatory requirements. They will be responsible for performance robust validations, quality of effective challenge and validation reports of a wide variety of models against US supervisory guidance, established internal standards. Furthermore, the person is expected to lead the day-to-day governance responsibilities such as ongoing performance monitoring, orderly remediation of findings, and 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. Manages the resolution of findings with model owners and developers. Partners with model owners and developers to understand the business context for model use, producing technical guidance and adding value to the business process. Reviews ongoing model performance, assess overall model health within a given framework, identify potential problems and work with stakeholders to resolve issues identified. Qualifications Bachelor's Degree or equivalent work experience. PhD or Master’s degree in Statistics, Economics, Mathematics, or other relevant field of study preferred. 12 years of experience in Model Development and/or Validation, with coverage of loss provisioning models. Robust programming capabilities using SAS to conducted independent testing. Solid communication and writing skills are required. Ability to communicate validation work with others. Excellent quantitative and qualitative analysis skills, outstanding time and stress management skills, team-work spirit. Ability to apply mathematical and programming skill in a highly practical way in order to solve problems. 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. Primary Location: Boston, MA, Boston Other Locations: Massachusetts-Boston Organization: Santander Holdings USA, Inc. Salary: $150,000 - $245,000/year

Job Tags

Contract work, Work experience placement,

Similar Jobs

Visiting Angels Cleveland

In Home Caregiver Job at Visiting Angels Cleveland

 ...Visiting Angels is looking for an amazing person just like you to join our Team of Angels and become part of our remarkable group of In-home Caregivers. The Caregiver is responsible for the physical care and emotional support of our clients who may no longer be able... 

Mosaic

Specialized Home Provider - Ellsworth, KS Job at Mosaic

 ...opportunity in your own home? Become a Home Provider with Mosaic at Home! Average annual income opportunities of $47,000 (federally tax-free) plus monthly rent/household expenses. Must reside in the state of Kansas due to state funding and have a residential property.... 

Jobot

Family Law Attorney Job at Jobot

 ...Attorney (Family Law) - Remote/Flexible Hybrid work This Jobot Job is hosted by: Jacob Vane Are you a fit? Easy Apply now by clicking the "Apply" buttonand sending us your resume. Salary: $175,000 - $250,000 per year A bit about us: We are a premier boutique... 

Braze

Senior Global Equity Analyst Job at Braze

 ...navigate rapid growth on a global scale while striving for greater equity and opportunity - inside and outside our organization. To...  ...to the Director, Global Equity, the Senior Global Equity Analyst will support the day-to-day administration of the company's stock... 

John's Farms

Assistant Supermarket Manager and Frontend Store Manager Job at John's Farms

 ...Job Description Job Description Now accepting applications for Store Manager for a Supermarket. Responsibilities include but are not limited to responsible for all facets of store operations. Must have at least 4 years' experience as a Store Manager in a supermarket...