Director, Risk Model Validation

Director, Risk Model Validation

Country: United States of America

The Director, Risk Model Validation is responsible for leading and overseeing projects associates with the Company's quantitative models, model design, and model misuse of a model or its output. The incumbent is responsible for executing model risk management activities consistent with the framework, industry best-practice and regulatory guidance.

• Develops new methodologies and approaches to the management of model risk.

• Promotes a risk management culture by encouraging team to embrace appropriate risk practices and supporting team members in fulfilling risk management responsibilities.

• Proactively identifies areas of issues or concerns related to potential gaps in existing processes, procedures, policies, frameworks.

• Informs perspective on market environment, future trends, and emerging risk issues.

• Responds to required corrective actions in a timely and complete manner.

• Assess and evaluates model conceptual soundness, model assumptions, and data integrity.

• Tests risk model numerical, statistical, and computational accuracy; performs outcomes analysis; and reviews model governance and control process.

• Communicates with senior management on risk modeling, decision, and data for improved efficiency, effectiveness, and/or risk reduction to the company.

• Executing model risk management activities and projects consistent with the Enterprise MRM framework, industry best-practice and regulatory guidance.

• 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.

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.

• Education: Bachelor's Degree in Mathematics, Physics, Statistics or equivalent quantitative field or equivalent work experience. Master's Degree in Mathematics, Physics, Statistics or equivalent quantitative field preferred.

• Work Experience: 12+ Years in Risk Modeling

• Strong quantitative skills and practical modeling experience.

• Comprehensive knowledge of front to back risk mgmt. processes, including: Operational risk, Risk identification, assessment, mitigation and control, Governance and reporting, Monitoring and testing, Operational risk modeling, capital calculation and

• Knowledge of banking regulatory environment and impact on risk, management practices.

• Demonstrated stress testing techniques.

• Demonstrates an informed perspective on Market environment, future trends, and emerging

• Ability to lead complex projects with outstanding awareness of the Operational Risk associated.

• Adherence to the Code of Conduct, assigned Risk Tolerance or Mandates and all organizational policies and procedures applicable.

• Strong negotiation and presentation skills.

• Superior project management skills.

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. 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.

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