Associate, Counterparty Credit Risk - Corporate and Investment Banking

Associate, Counterparty Credit Risk - Corporate and Investment Banking

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!

USA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Essential Functions/Responsibility Statements:

• Runs CCR models (stress testing, back testing, and settlement risk) that meet internal and external requirements.

• Assist in maintaining, testing, and improving CCR models; handles calibration, simulation, and pricing across all major asset classes.

• Formalizes testing protocols and processes to ensure that risk analytics deliverables that require system implementation are thoroughly tested, documented, and signed off ahead of production release.

• Assist in setting and monitoring CCR limits.

• Ensures key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner.

• Develops robust reporting to facilitate effective executive management requirements.

• Performs statistical analysis of large volume of financial data, such as historical data analysis.

• Works with IT on systems implementation.

• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.

• Manages risk analytics regulatory and BAU projects to ensure fulfillment of requirements and a timely delivery.

• Creates and maintains project plans and status reports.

Qualifications: 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.

• 3-to-5-year experience within the financial industry.

• Bachelor's Degree in Statistics, Math, Finance, Accounting, Economics, or equivalent field.

• Knowledge of derivatives and lending products, stochastic calculus and linear algebra.

• Ability to analyze risk and design efficient control practices to manage risk.

• Ability to interact with all levels of management, work independently and in a team environment.

• Ability to multi-task, prioritize activities, manage conflicts of interest and meet deadlines.

• Demonstrated knowledge of credit policies, procedures, regulations and applicable law (SA-CCR and Basel III).

• Excellent written and verbal communication skills.

• Solid project management skills.

• Knowledge of SQL, Python, Microsoft Excel and PowerPoint.

• Proactive approach, initiative and resourcefulness

• Entrepreneurial spirit and attention to detail

• Team player

EEO Statements: 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. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting