Vp market risk analyst

Santander Holdings USA Inc; New York (NY); On-site; USD 120,000 - 205,000; Full time

Job summary

A leading financial institution, Santander, is seeking a VP Market Risk Quantitative Analyst in New York. This role requires strong expertise in quantitative finance, modeling, and programming. Candidates will assess and enhance risk models, ensuring compliance with regulations while collaborating with stakeholders. Join a committed team driving innovative solutions in market risk.

Qualifications

• 5+ years experience in trading market risk model development.
• Experience with pricing and risk models for fixed income.
• Demonstrated analytical skills with ability to evaluate complex models.

Responsibilities

• Conduct assessments of risk models ensuring data quality.
• Develop risk analytics frameworks for financial products.
• Communicate validation results to technical and non-technical stakeholders.

Skills

Quantitative Analysis

Risk Management

Stochastic Calculus

Programming (Python, R, MATLAB, SQL)

Statistical Analysis

Machine Learning

Education

Master's or Ph.D. in Finance, Mathematics, or related field

Tools

Python

R

MATLAB

SQL

Job description

Lensa is the leading career site for job seekers at every stage of their career. Our client, Santander US, is seeking professionals in New York, NY. Apply via Lensa today!

VP Market Risk Quantitative Analyst

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.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make

Santander Capital Markets is a leading financial institution with a strong presence on Wall Street. We are committed to delivering innovative financial solutions and maintaining robust risk management practices. Our Market Risk team plays a critical role in ensuring the stability and integrity of our financial operations.

We are looking for a highly skilled and motivated Quantitative Analyst to join our Market Risk team. The ideal candidate will have strong technical expertise in fixed income quantitative finance, derivative pricing models – Interest Rates, Credit, FX, option pricing, etc. stochastic calculus modeling, along with a deep understanding of market risk measures and regulatory requirements.

This role requires proficiency in programming languages like Python, R, MATLAB, and SQL, as well as the ability to develop and deliver high-quality technical documentation. The successful candidate will combine analytical rigor with programming skills to support and document risk management and financial modeling initiatives.

Independent Model Assessment And Testing

• Conduct qualitative and quantitative assessment of risk models, ensuring data quality, theoretical soundness, and ongoing performance testing.
• Perform independent testing of model assumptions and assess conceptual robustness.
• Utilize statistical and machine learning techniques to analyze model risks and validate outputs.
• Evaluate emerging risks, reach conclusions on strengths and limitations of the model, and provide recommendations to enhance model resilience.
• Engage in continuous dialogue with model developers, risk managers, and business stakeholders.
• Prepare detailed Model Development Documentation (MDD) to ensure regulatory compliance.
  
  

Risk Analytics & Model Development

• Develop, test, and enhance risk analytics frameworks for new financial products.
• Implement infrastructure improvements to support new risk analytics models, including performance monitoring controls.
• Conduct quantitative research to refine model assumptions and identify areas for improvement.
• Implement model changes, enhancements, and remediation plans to align with regulatory expectations.
  
  

Stakeholder Communication & Regulatory Compliance

• Collaborate with key stakeholders, including trading desks, IT, global and local risk management teams, and model validation units.
• Effectively communicate validation results and risk insights to both technical and non-technical audiences, including regulatory bodies.
• Ensure all models comply with internal governance and regulatory guidelines (Basel III, SR 11-7, CCAR, FRTB).
  
  

What You Bring

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

Master's or Ph.D. in a quantitative field such as Finance, Physics, Mathematics, Statistics, Computer Science, Quantitative Finance or a related discipline with a modeling background. - Required

5+ Years of working experience with 3+ years of experience in trading market risk model development and/or validation within the financial services industry is highly desired.

• Experience with pricing and risk models for fixed income trading products – derivative pricing – interest rates, credit, FX, options pricing, etc.
• Deep understanding of market risk measures, concepts, and regulatory rules: VaR, Greeks, and Model Validation Testing (SR 11-7), AVA, FVA, FRTB.
• Strong knowledge and understanding of the fixed income products and Stochastics calculus.
• Strong analytical skills with the ability to understand and evaluate complex quantitative models.
• Demonstrated ability to write excellent documents describing model details and testing.
  
  

Technical Skills

• Hands-on experience with one or more of Python, R, MATLAB, and SQL
• Advanced Python programming (NumPy, Pandas, SciPy)
• Derivative Pricing and Stochastic Calculus.
• Risk modeling frameworks, financial time series analysis.
• Strong foundation in stochastic calculus, Monte Carlo simulations, and numerical methods.
• Experience with vendors such as PolyPaths, Numerix, Bloomberg, Murex is a plus.
  
  

Soft Skills

• Excellent communication skills to interact with trading desks, risk teams, and regulatory stakeholders.
• Excellent written and verbal communication skills, with the ability to translate complex quantitative concepts into actionable insights for senior management.
  
  

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.

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.

What To Do Next

Review the internal eligibility guidelines here (https://tbcdn.talentbrew.com/company/1771/internal_v2_0/InternalEligibilityWalkthroughModal_1.pdf) . If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [e-mail] to discuss your needs.

Benefits

Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com) (https://businessolver.foleon.com/santander/2025-santander-eguide/)

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Banco Santander S.A.

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Salary: $120,000 - $205,000/year

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO