Sr. Associate, Market RiskCountry: United States of America
Your Journey Starts Here:
Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.
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USA Job Family Description: Seeking a highly detail-oriented Market Risk Associate/ VP to join our team at Santander US Capital Markets. The ideal candidate shall have extensive knowledge of fixed income markets, be proficient in Python, and possess around 5-10 years of experience. This role involves close collaboration with the trading desk, other risk teams, IT, and primarily focuses on Market Risk analytics
USA Job Function Description: Ensures adherence to the policies and procedures established by the company. 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.
Essential Functions/Responsibility Statements:
Daily operation on Market Risk data production
Provide day-to-day production support from Market Risk prospective, validate Market Risk assumptions, check data and calculation correctness, validate model assumptions
Collaborate with IT and other support teams to troubleshoot and resolve technical issues.
Troubleshooting
Project and change management
New product risk data development and testing
Risk system update testing/ backtesting
Collaborate with project team, product management, and collaborators on assigned aspects of the project
Automation and Process Improvement:
Qualifications: 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 a quantitative discipline such as finance, statistic, mathematics, data science, or computer science
Work Experience:
5-10 years of experience in Market Risk at banks or similar financial institutions
Skills and Abilities:
Proficient with Convertible Bonds and Equities
Strong knowledge and understanding of the structured fixed-income products and equity derivatives
Experience on buildouts and deep understanding of Market Risk metrics such as VaR, SVaR, stress testing, and sensitivity analysis across Fixed Income and Equities.
Quant finance knowledge – Bond yield calculation, Mortgage-Backed Securities, VaR, PnL calculations
Proficient in Python is a MUST
Proficient in database queries
Experience working with market data sources and trading systems such as Bloomberg Terminal
Exposure to PolyPaths, Intex, Yieldbook, Bloomberg API
Familiarity with other programming languages or data analysis tools (SQL, VBA)
Knowledge of front-office systems and workflow
Interest in building financial application and risk systems
Strong understanding of quantitative models
Strong troubleshooting skills
Strong project, management, and organizational skills
Ability to communicate effectively with peers that may not have quantitative or Market Risk backgrounds
Excellent communication and people skills, with the ability to collaborate effectively with stakeholders at all levels.
Ability to work independently and manage multiple priorities in a demanding environment
EEO Statements: 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. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
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.
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.
$120,000.00 USD
$205,000.00 USD
Benefits:
Santander Benefits - 2025 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.
