Director, Risk Modeling
Company: Santander Holdings USA Inc
Location: Dallas
Posted on: January 27, 2023
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Job Description:
Director, Risk ModelingDallas, United States of AmericaWHAT YOU
WILL BE DOING Monitors model activities in the organization to
minimize the company's exposure to model risk. Activities include
quantitative analysis, risk identification and overseeing risk
remediation being done by business model owners. Maintains the
reputation of the company through minimizing compliance and
regulatory risk by ensuring issues are resolved and ensuring
adherence to company's model risk management policy, standards and
procedures. Responsible for ensuring that all company model-related
activities (development, updates, implementation, and ongoing
performance management) adhere to the necessary rules and
regulations, and that the company complies with legal/regulatory
requirements. Job Function Description: Ensures adherence to the
company policies and procedures. 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. Supports model risk communication
to relevant committees. Responsibility Statements Collaborates with
senior business leaders to drive continued maturation of model
governance risk and controls. Work with different business area
managers to identify models/Expert Judgment Models (EJM) that are
not already captured in the inventory to ensure ongoing inventory
completeness. Engage with Model / EJM owners to oversee the
development of model risk controls for all aspects of the model
life cycle and to ensure their alignment with the Model Risk
Management Group (MRMG) standards. Promote stronger EJM governance
working with end users and MRMG. Assist the RCSA team in
integrating model risk controls as a part of the overall RCSA
process. Collaborate with model owners and serve as their
governance back stop prior to MRMG validation. Strengthen controls
around MRMG's issue validation. Evaluate the model/EJM Business
Requirement Document (BRD) and technical specifications to confirm
consistency with actual implementation testing performed by
business owners. Review implementation of new or updated models and
evaluate the effectiveness of related controls. Develop a framework
for models' performance reporting to internal and external
stakeholders as appropriate. Provide oversight and monitoring of
new model uses, specifically, in the model development phase.
Coordinate with MRMG in their SC related annual Model Inventory
certification process Partner with Risk Management model owners to
support their regulatory discussions Prepare timely, accurate, and
meaningful reporting to senior management regarding important model
governance and controls reporting. Provide guidance on risk and
compliance procedures and policies as needed. Communicate direction
from senior leadership to team. Set goals and articulates
objectives for team members in alignment with departmental
objectives. Review summary reports, prepare final reporting, and
participate in the communication of review findings to business
lines and senior management. Communicate direction from senior
leadership to team. Education Education -Bachelor's Degree with
Mathematics, Physics, Statistics or equivalent quantitative field
or equivalent work experience with a Master's degree in
Mathematics, Physics, Statistics or equivalent quantitative field.
Work Experience: 9-12 years Skills and Abilities Advanced knowledge
of statistical applications within Financial Services to interpret
data requests and identify risk data analytical opportunities.
Advanced risk, process, and control validation and/or assessment
skills. Advanced Microsoft Excel skills. Demonstrated technical
expertise of modeling techniques, statistical analysis techniques
and tools, and various database architectures. Demonstrated
management and leadership skills. Ability to build rapport,
garnering respect and credibility across lines of business. Ability
to influence all levels of employees in a collaborative
cross-cultural environment. Ability to handle multiple competing
priorities simultaneously in a fast-paced and dynamic financial
services environments. Ability to direct, train and guide peers,
subordinates, and management. Ability to handle conflict resolution
with other groups to ensure appropriate accounting guidance is
followed. Ability to influence and be actively persuasive to gain
cooperation of others. Ability to adjust to new
developments/changing circumstances. Ability to effectively
communicate and build relationships with multiple levels of the
organizational structure, including senior level management.
Ability to foster and embed a strong risk culture. Ability to
maintain and report on confidential information in an appropriate
manner. Ability to convey a sense of urgency and drive
issues/projects to closure. Excellent written and oral
communication skills. 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. 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.
Bachelor of Science (BS) - Mathematics English Primary Location:
Dallas, Texas, United States of America Other Locations:
Texas-Dallas Organization: Santander Consumer USA Inc.
Keywords: Santander Holdings USA Inc, Dallas , Director, Risk Modeling, Executive , Dallas, Texas
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