Senior Director, Model Validation Loss Provisioning - Santander Holdings USA Inc
New York, NY 10022
About the Job
New York, United States of America
The Senior Director for Model Validation Loss Provisioning will be responsible for leading the independent validation of models used for loss provisioning, with regulatory guidance on model risk SR11-07 and other regulatory requirements.
Manage a small team (1-2 employees) as well as contribute individually.
Responsible for performance robust validations, quality of effective challenge and validation reports of a wide variety of models against US supervisory guidance, established internal standards.
Extensive external communication with business, development, internal audit and regulators.
Lead discussions with the model owners, model developers and third-party vendors and developing in depth perspective on model risk issues as part of the validation activities.
Lead the day-to-day governance responsibilities such as ongoing performance monitoring, orderly remediation of findings, and annual reviews.
Represent model risk for all discussions and exams conducted by internal audit and the US regulators such as FRB and OCC.
Qualifications
PhD or Master’s degree in Statistics/Econometrics, Finance, or other relevant field of study.
12+ years of experience in Model Development and/or Validation with at least 4+ years quantitative experience in model development or independent validation of loss provisioning models.
Hands on programming skills required in common programming languages and packages like R, Python, C++, SAS etc. Fluency in Query languages like SQL is also desired.
Strong project and team management skills required.
Solid communication and writing skills are required. Ability to work with senior management, auditors and regulators.
Excellent quantitative and qualitative analysis skills, outstanding time and stress management skills, team-work spirit.
Ability to apply mathematical and programming skill in a highly practical way in order to solve problems.
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.
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.
Bachelor of Science (BS) EnglishPrimary Location: New York, NY, New York
Other Locations: New York-New York,Texas-Dallas,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: $225,000 - $330,000/year