YonkersRecruiter Since 2001
the smart solution for Yonkers jobs

Sr. Associate, Risk Modeling

Company: Careerbuilder-US
Location: Englewood Cliffs
Posted on: November 26, 2022

Job Description:

Sr. Associate, Risk ModelingCountry: United States of AmericaWHAT YOU WILL BE DOINGThe Senior Associate, Risk Modeling is part of Santander's Model Development department and responsible for developing and managing advanced regulatory-compliant risk rating and loss forecasting models for the Commercial Banking portfolios. These models are used to support multiple functions including underwriting, portfolio management, stress testing (HCR/DFAST) and loss reserve calculation (CECL/IFRS). The Senior Associate, Risk Modeling is an expert resource in the field of credit risk quantification and modeling and works closely with business leaders, risk management groups and regulatory authorities.Position Duties:Responsible for developing and enhancing advanced credit risk modelsProduce accurate, concise and high-quality model development documentationEnsure all model deliverables are of the highest standard and compliant with bank and regulatory standardsCreate model performance monitoring reports on an ongoing basis and share results with various stakeholdersSupport the implementation of the models managed by the groupProvide expertise and oversight to ensure all models are interpreted and used consistently and correctly across the bankContribute to model development presentations for various audiences including credit officers, model users, internal audit and regulatorsQualifications:Bachelor's Degree in Mathematics, Statistics, Economics or an equivalent quantitative field (Master's Degree or PhD preferred)8+ years of model development experience (or equivalent academic experience). Experience building credit risk models for financial institutions preferredExpertise in statistical methodologies like regression, decision trees and clusteringAdvanced SAS and SQL knowledge (needed), R, Python (optional)Hands on experience in using complex statistical techniques to solve business problemsExcellent written and verbal communication with a focus on detailed and clear technical writingKnowledge of regulatory expectations for model development and model risk management preferredKnowledge of Commercial Banking products preferredKnowledge of modeling methodologies used in HCR/CECL preferredAbility to lead complex projectsTeam player, prepared to work under pressure close to deadlinesCan-do attitude, creative thinker with a proactive mindsetDiversity & EEO Statements: 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.Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.Employer Rights: 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 at any time for any reason.For NYC Job Applicants: The base annual salary range for this position is $129,213 -$175,000. -The exact compensation may vary based on skills, experience, training, licensure and certifications and location.Bachelor of Science (BS) EnglishPrimary Location: - New York, New York, United States of AmericaOther Locations: - New York-New York,New Jersey-Florham Park,New York-New York,Massachusetts-BostonOrganization: - Santander Bank N.A.

Keywords: Careerbuilder-US, Yonkers , Sr. Associate, Risk Modeling, Other , Englewood Cliffs, New York

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest New York jobs by following @recnetNY on Twitter!

Yonkers RSS job feeds