Credit Risk Model Developer
Country: United States of America
Position Summary: The Credit Risk Model Developer is part of Santander's Model Development department and responsible for supporting the development and management of 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 Credit Risk Model Developer is an expert resource in the fields 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 models
- Produce accurate, concise and high-quality model build documentation
- Ensure all model deliverables are of the highest standard and compliant with bank and regulatory standards
- Create model performance monitoring reports on an ongoing basis and share results with various stakeholders
- Support the implementation of the models managed by the group
- Contribute to model development presentations for various audiences including credit officers, model users, internal audit and regulators
Qualifications:- Bachelor's Degree in Mathematics, Statistics, Economics or an equivalent quantitative field (Master's Degree or PhD preferred)
- 2+ years of model development experience (or equivalent academic experience). Experience building models for financial institutions a plus
- Expertise in statistical methodologies like regression, decision trees and clustering
- SAS and SQL knowledge (needed), Excel, R, Python (optional)
- Excellent written and verbal communication with a focus on detailed and clear technical writing
- Team player, prepared to work under pressure close to deadlines
- Can-do attitude, creative thinker with a proactive mindset
- Eager and willing learner
Diversity & 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. Occassional 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.
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.
Base Pay Range Minimum:
$108,000.00 USD Maximum:
$165,000.00 USD Bachelor of Science (BS) English
Primary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York,New Jersey-Florham Park,Massachusetts-Boston
Organization: Santander Holdings USA, Inc.
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: $108,000 - $165,000/year
