Senior Model Validation Associate – Liquidity and Market Risk

Banco Santander • Dallas, TX

2d • $108,750 - $200,000

About The Position

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.

Requirements

• Bachelor’s Degree in Mathematics, Physics, Statistics, or a related quantitative field, or equivalent work experience – Required.
• 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.
• 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.

Nice To Haves

• Master’s Degree in Mathematics, Physics, Statistics, or a related quantitative field
• Experience supporting regulatory examinations, audits, or model risk remediation initiatives.
• Exposure to emerging risk trends and evolving regulatory expectations within financial services.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
• Experience in Microsoft Office products.

Responsibilities

• 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees