Senior PPNR Model Development Analyst Job at Santander Holdings USA Inc, Boston, MA

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  • Santander Holdings USA Inc
  • Boston, MA

Job Description

Senior PPNR Model Development Analyst Country: 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. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! The Difference You Make: The Senior PPNR Model Development Analyst is responsible for executing model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance. This is a critical role in developing and maintaining Pre-Provision Net Revenue (PPNR) models that support regulatory stress testing and internal capital planning. Executes model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance. Assesses risk model conceptual soundness. Evaluates model assumptions and data integrity. Tests models numerical, statistical, and computational accuracy. Performs outcome analysis. Reviews model governance and control processes. Perform model monitoring, back-testing, and recalibration to ensure continued model performance. Support regulatory stress testing efforts by running PPNR model forecasts for use with CCAR/DFAST/ICAAP submissions. 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. Bachelor's Degree in Mathematics, Physics, Statistics or equivalent quantitative field, or equivalent work experience - Required. Master's Degree in Mathematics, Physics, Statistics or equivalent quantitative field. - Preferred. Ph.D. Mathematics, Physics, Statistics or equivalent quantitative field. - Preferred. 5 Years Risk Management and/or Risk Modeling- Required. Strong technical skills in programming languages in SAS, SQL, and Python – Required. Strong foundation in financial modeling, banking products, and a deep understanding of the macroeconomic factors that influence revenue and expense drivers in a banking environment. Design, develop, and maintain PPNR models for key revenue and expense components such as Net Interest Income, Non-Interest Income (fee-based income), and Non-Interest Expense. Advanced knowledge of model risk management best practices and how to implement them. Advanced quantitative skills. Demonstrated practical modeling experience. Detail orientated with the ability to also understand overall strategy. Ability to multi-task and meet strict deadlines. Ability to adjust to new developments/changing circumstances. Ability to lead, influence and direct peers, subordinates and management. Ability to convey a sense of urgency and drive. Ability to build and foster internal relationships. Ability to analyze risk and design efficient control practices to minimize risk. Strong critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems. Strong written and verbal communication skills. Strong analytical, problem solving and critical thinking skills. Strong project management skills. 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. 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: $90,000.00 USD Maximum: $165,000.00 USD Link to Santander 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. Primary Location: Dallas, TX, Dallas Other Locations: Texas-Dallas,Massachusetts-Boston Organization: Santander Holdings USA, Inc.

Job Tags

Hourly pay, Contract work, Work experience placement,

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