Interest Rate Risk Analyst

Santander • Boston, MA

1d • $63,750 - $100,000

About The Position

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 Interest Rate Risk (IRR) Analyst plays a key role in strengthening the organization’s (IRR) oversight by supporting accurate, timely, and well-controlled risk measurement processes. By contributing to core analytical production cycles, model governance activities, and cross-entity coordination, you help ensure the integrity of risk metrics, enhance transparency, and support informed balance sheet management decisions.

Requirements

• Bachelor’s degree in Finance, Mathematics, or a related quantitative field with financial coursework – Required.
• 1+ years of experience in Market Risk, Interest Rate Risk, or Asset Liability Management within the financial services industry – Required.
• Proficiency in Microsoft Excel, including advanced analytical functions.
• Working knowledge of financial products and interest rate risk concepts.
• Familiarity with VBA, SQL, or Microsoft Access.
• Exposure to programming languages such as R, MATLAB, or Python for data analysis and process automation.
• Strong analytical and quantitative problem-solving abilities.
• Clear and effective written and verbal communication skills.
• Detail-oriented mindset with a focus on accuracy and process control.
• Ability to collaborate effectively across teams and organizational levels.

Nice To Haves

• Experience with QRM or similar financial risk management systems.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Support the monthly Interest Rate Risk (IRR) metric production process within QRM, ensuring accuracy, completeness, and timely delivery of risk measures.
• Contribute to the annual IRR limit-setting process for SHUSA and its subsidiaries by preparing analysis, documentation, and supporting materials.
• Assist with monthly and quarterly model control activities, including ongoing performance monitoring and validation support for IRR models.
• Partner with IRR team members to learn, document, and enhance recurring analytical and reporting procedures to improve efficiency and control.
• Perform ad-hoc IRR analyses to support risk management, regulatory, and business-driven requests.
• Collaborate with headquarters and subsidiary stakeholders to promote adherence to established IRR procedures, standards, and governance frameworks.
• Identify opportunities to automate and streamline analytical workflows using appropriate tools and programming capabilities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level