Senior Model Risk Validation Analyst – Expert Judgement Models

Santander USA; Boston (MA); On-site; USD 67,000 - 140,000; Full time

Job summary

A leading financial services company seeks a Senior Model Risk Validation Analyst to validate models and expert judgement models. The role involves evaluating model assumptions, conducting validations, and advising management on model risks. Ideal candidates will have strong quantitative skills and experience in banking. Join a culture that values diversity and offers opportunities for professional growth.

Qualifications

• At least 3 years of experience in Model Development or Validation.
• Bachelor’s Degree in Statistics, Mathematics, or related field required.

Responsibilities

• Evaluate model assumptions and prepare validation reports.
• Conduct validations against established standards.

Skills

Programming

Statistical Analysis

Problem Solving

Communication

Education

Bachelor’s Degree in Statistics

Master's Degree in a quantitative discipline

Tools

R

Python

Matlab

SAS

QRM

ADCo

Intex

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.

We Want to Talk to You!

The Difference You Make:

The Senior Model Risk Validation Analyst (Sr. Analyst, Model Risk) will be responsible for independently validating models and expert judgement models used by the bank in conformance with regulatory guidance on model risk SR11-07. Responsibilities include performing robust model validations, assessing input data, methodology, outcomes, usage, and related controls and governance around model risk. This role involves internal communication with business and model development teams, as well as external interactions with vendors and third-party service providers. Additionally, the individual will handle day-to-day model risk governance tasks such as ongoing performance monitoring, remediation of findings, and annual model reviews.

Key Responsibilities:

1. Evaluate model assumptions and weaknesses; prepare reports with validation results and recommendations.
2. Conduct validations against established standards, developing benchmark, challenger, and replication models where applicable.
3. Advise senior management and risk committees on model risk and its impact on the bank's risk profile.
4. Manage resolution of validation findings with model owners and developers.
5. Review ongoing model performance, assess overall health, and address potential issues.
6. Collaborate with model owners to understand business context and provide technical guidance.
7. Research new modeling trends and approaches to enhance risk management practices.

Qualifications:

• Bachelor’s Degree or equivalent in Statistics, Mathematics, Economics, or related field – Required.
• Master's Degree or PhD in a quantitative discipline – Preferred.
• At least 3 years of experience in Model Development, Validation, or Model Risk Management in banking.
• Programming skills in R, Python, Matlab, SAS, etc.
• Knowledge of advanced quantitative techniques and statistical analysis.
• Familiarity with systems like QRM, ADCo, Intex – Highly preferred.
• Strong mathematical, statistical, and problem-solving skills.
• Excellent communication skills, capable of interacting with senior management.
• Self-starter with good time and stress management skills.

Additional Information:

Salary Range: $67,500 - $140,000 USD annually.

Benefits and other details are available on our website.

Equal Opportunity Statement:

We value diversity and are an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, or other protected characteristics.

Working Conditions:

Primarily office-based with minimal physical effort required. Some travel or lifting may be necessary depending on location.

Next Steps:

If interested, please apply. For accommodations or assistance, contact us at [e-mail].