Senior Model Validation Associate – Liquidity and Market Risk

Senior Model Validation Associate – Liquidity and Market Risk

Country: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

As a Sr Associate in Risk Modeling, you play a critical role in strengthening the Company’s model risk management program by ensuring quantitative models are conceptually sound, well-governed, and aligned with regulatory expectations and industry best practices. You contribute expert insight into market conditions, emerging risks, and future trends while promoting a strong risk culture and helping the organization proactively identify, manage, and mitigate model risk across the enterprise.

Position Summary

• Lead and execute model risk management activities and projects in alignment with the Enterprise MRM framework, regulatory guidance, and industry best practices.

• Develop and enhance methodologies, tools, and approaches for identifying, assessing, and managing model risk across interest rate, liquidity, credit, and market risk models.

• Evaluate model conceptual soundness, key assumptions, data integrity, and overall design to ensure models are fit for purpose.

• Perform independent testing of models, including numerical, statistical, and computational accuracy, outcomes analysis, and review of governance and control processes.

• Proactively identify gaps, weaknesses, or emerging concerns in existing processes, policies, procedures, and frameworks, and support timely remediation.

• Monitor model-related activities to minimize the Company’s exposure to model risk through quantitative analysis, risk identification, and remediation efforts.

• Communicate complex risk modeling topics, findings, and recommendations to senior management to improve decision-making, efficiency, and risk reduction.

• Support regulatory compliance and the Company’s reputation by ensuring adherence to legal, regulatory, and internal standards related to model risk management.

What You Bring:
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 a related quantitative field, or equivalent work experience – Required.

• Master’s Degree in Mathematics, Physics, Statistics, or a related quantitative field – Preferred.

Experience

• 9+ years of experience in model risk management covering Interest Rate Risk, Liquidity Risk, Credit Risk, and/or Market Risk – Required.

• Hands-on experience assessing and validating term structure models, prepayment models, credit loss models, Market Risk Rule models, and ALM frameworks – Required.

• Demonstrated experience with stress testing methodologies and practices – Required.

• Strong understanding of front-to-back risk management processes, including risk identification, assessment, mitigation, governance, monitoring, testing, and capital calculation – Required.

• Working knowledge of the banking regulatory environment and its impact on risk management practices – Required.

• Proven ability to lead complex, cross-functional projects related to quantitative risk modeling – Required.

• Experience supporting regulatory examinations, audits, or model risk remediation initiatives.

• Exposure to emerging risk trends and evolving regulatory expectations within financial services.

Skills

• Advanced quantitative analysis and practical modeling expertise.

• Proficiency in Python, SAS, R, and MATLAB.

• Strong knowledge of interest rate, liquidity, credit, and market risk modeling techniques.

• Model validation, outcomes analysis, and control assessment capabilities.

• Stress testing and scenario analysis techniques.

• Risk governance, reporting, and monitoring methodologies.

• Strong communication and presentation skills with the ability to convey complex concepts to senior stakeholders.

• Excellent project management and organizational skills.

• Strong negotiation and influencing abilities.

• High attention to detail and sound professional judgment.

• Ability to promote and reinforce a strong risk management culture.

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

Certifications:

• No Certifications listed for this job.

It Would Be Nice For You To Have:

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

• Experience in Microsoft Office products.

What Else You Need To Know:

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:

$108,750.00 USD$200,000.00 USD

 

We Value Your Impact:

Your contribution matters and it’s recognized.  You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers.  Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com) 

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

 

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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

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 your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.