Associate, Market Risk

Banco Santander SA; United States; On-site; USD 90,000 - 155,000; Full time

Job summary

Santander in the United States seeks an Associate, Market Risk to support the risk management infrastructure, perform daily risk reporting and analysis, and assist senior risk managers.

You will automate tasks with Python, participate in regulatory projects, and collaborate with Trading, Finance, Operations and Technology to resolve risk issues.

A Bachelor’s in a quantitative field is required; 1–4 years of Market Risk or related experience is expected; knowledge of Bloomberg/Intex is a plus.

Qualifications

• Bachelor’s degree in a quantitative discipline or related field.
• MS in financial mathematics preferred.
• 1–4 years of experience in Market Risk, Quantitative Development, or Financial Market Technology.

Responsibilities

• Provide day-to-day support of the risk management infrastructure.
• Perform daily risk reporting and performance analysis, including investigation and explanation of material changes.
• Perform ad hoc risk analysis and support senior risk managers.
• Participate in regulatory projects and change management efforts.
• Utilize Python scripting to automate routine tasks and improve risk monitoring efficiency.
• Engage in valuation of complex securities.
• Support Market Risk governance activities from limit monitoring to risk procedures and control frameworks.
• Partner with Trading, Finance, Operations, Technology and other control functions to resolve risk issues.

Skills

Quantitative skills

Communication skills

Project management

Analytical thinking

Education

Bachelor’s degree in quantitative discipline

MS in financial mathematics

Tools

Python

Bloomberg

Intex

Job description

Associate, Market Risk Country: United States of America

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

The Difference You Make:

• Provide day-to-day support of the risk management infrastructure
• Perform daily risk reporting and performance analysis, including investigation and explanation of material changes
• Perform ad hoc risk analysis and support senior risk managers
• Participate in regulatory projects and change management efforts
• Utilize Python scripting (or similar languages) to automate routine tasks and improve the efficiency of the risk monitoring process
• Engage in valuation of complex securities
• Support Market Risk governance activities ranging from limit monitoring to the development and maintenance of risk procedures and control frameworks
• Partner with Trading, Finance, Operations, Technology and other control functions to resolve risk issues and implement solutions

What You Bring:

• Education: Bachelor’s degree in quantitative discipline, masters in a technical field (MS in financial mathematics) preferred
• Qualifications: 1-4 years of experience in Market Risk, Quantitative Development, or Financial Market Technology
• Strong knowledge of Microsoft Office and solid Python experience
• Solid knowledge of financial products, market risk metrics and valuation techniques
• Strong reporting, project management and organizational skills
• Strong quantitative skills
• Strong analytical curiosity, communication skills and demonstrated ability to independently investigate problems, develop conclusions and communicate findings clearly to stakeholders
• Knowledge of Bloomberg, Intex and other data vendors preferred

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.

Work Authorization & Sponsorship:

• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know:

Base Pay Range: Minimum: $90,000.00 USD Maximum: $155,000.00 USD

We Value Your Impact:

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 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.

The Santander Way Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. Our mission is to contribute to help more people and businesses prosper.

Ready to make it happen? It starts with you. It starts here.