Associate, Risk Modeling Associate, Risk Modeling …

Santander
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Santander
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Associate, Risk Modeling

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Associate, Risk Modeling Req ID: oNFEafw0 Date posted 02/21/2020 Description


Job Family: Risk

Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Job Function: Risk Management

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.

Summary of Responsibilities:

The Associate, Risk Modeling is responsible for executing model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.

Essential Functions:

  • Executes model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.
  • Assesses risk model conceptual soundness.
  • Evaluates model assumptions and data integrity.
  • Tests models numerical, statistical, and computational accuracy.
  • Performs outcome analysis.
  • Reviews model governance and control processes.


Other Functions:

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
  • Other duties as assigned.


Requirements:

  • Education -
    • Bachelor's Degree: Mathematics, Physics, Statistics or equivalent quantitative field.
    • or equivalent work experience
    • Master's Degree: Mathematics, Physics, Statistics or equivalent quantitative field.
    • Ph.D.: Mathematics, Physics, Statistics or equivalent quantitative field.
  • Experience -
    • 4+ years
  • Skills & Abilities -
    • Minimum 4+ years’ experience in an analytics in financial services, preferably indirect subprime auto financial services. Prior experience developing credit scoring models preferred.
    • Familiarity with logistic regression models, segmentation and variable reduction techniques, hypothesis testing, neural networks, design of experiments, ANOVA, decision trees, and linear regression.
    • Prior experience working with credit bureau data strongly preferred. Prior experience using SAS, particularly SAS base, SAS/STAT, PROC SQL, and SAS Macro programming. Additional knowledge of R or Python is a plus.
    • Demonstrated ability to use SQL and SAS to extract data from multiple data sources.
    • Demonstrated ability to merge, concatenate, and prepare extremely large datasets for statistical analysis and mathematical model development.
    • Demonstrated ability to create complex pivot tables in MS Excel. Ability to effectively explain advanced mathematical concepts, techniques, and analyses to a business audience.
    • Ability to translate analysis into a clear business plan.
    • Strong written and verbal communication skills.
    • Ability to maintain confidentiality


Competencies:

  • Collaboration - Relationship Management:
    • Proficient - Applying and Executing
      • Knows who to reach out to inside and outside of one’s team to get work done
      • Takes action to enhance working relationships needed to achieve seamless work flow
  • Collaboration - Teamwork:
    • Proficient - Applying and Executing
      • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change
      • Provides assistance and coaches less experienced team members
  • Execution - Accountability:
    • Proficient - Applying and Executing
      • Follows through to meet commitments to others
      • Takes responsibility for achieving strong results, despite balancing multiple complex demands
  • Influence - Information Sharing:
    • Proficient - Applying and Executing
      • Uses information and data effectively to support a position and present a rational case
  • Influence - Two-way communication:
    • Proficient - Applying and Executing
      • Communicates in a timely and straightforward manner
      • Probes for additional information, clarifies assumptions and confirms agreed-upon actions
      • Keeps everyone involved informed about progress and issues
  • Risk Business Acumen - Industry Acumen:
    • Proficient - Applying and Executing
      • Stays current with industry and regulatory trends and emerging risk issues
      • Has good understanding of current market and competitive landscape that the organization operates within
  • Risk Management - Knowledge of Risk Management Policies, Regulations, Processes and Procedures:
    • Proficient - Applying and Executing
      • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results
      • Knows the relationship and impact of actions and results
      • Has an understanding of regulations impacting area supported
  • Risk Management - Risk and Compliance Adherence:
    • Proficient - Applying and Executing
      • Communicates the importance and benefits of risk management to counterparts
      • Displays natural skepticism and curiosity to question the status quo and uncover issues
      • Adheres to a good root cause analysis process


Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of 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’s Rights:

  • This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will 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 employment at any time, for any reason.
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Location

  • Risk, Dallas, Texas, United States
  • Risk Management, Dallas, Texas, United States
  • Santander Bank or NYB/SIS Employees, Dallas, Texas, United States

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