Associate, Risk Analytics - Loss Forecasting at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Ability to design, develop, and support loss forecasting framework/methodologies/tools for consumer auto portfolios
Capability to work across business lines to define and build risk-based analytical datasets
Proficiency in performing data analysis and delivering analytical solutions aligned with strategic initiatives and risk planning
Skills in developing forecast methodologies/tools and forecasting gross loss and recoveries
Experience with data extraction, quantitative/predictive analysis, risk identification, and remediation
Knowledge of compliance and regulatory standards to minimize risk and ensure adherence to company/legal standards
Ability to manage policy/standard definition, monitoring implementation, and ensure harmonization/consistency of risk policies
Competence in monitoring/managing models, risk/exposure, and compliance with company policies
Skills in identifying, managing, and reporting on company risk areas
Ability to evaluate adequacy/effectiveness of data, document retention, and monitor systems

Responsibilities

Support loss forecasting methodologies design, development, and ongoing support
Provide thoughtful risk-based analysis to enhance portfolio management, reporting functionality, and automation of processes
Recommend formatting improvements to current reporting processes
Prepare and analyze extensive data for timely and accurate managerial reporting, budgeting, planning, internal/external audits, and ad hoc requests
Create and maintain various dashboards to report on metrics and results
Perform extensive data analysis including trends, insights on drivers, variance analysis, data profiling, and data quality analysis
Mine and analyze data from internal and external databases to drive optimization and process improvements
Facilitate effective communications among business lines and leadership to ensure comprehensive understanding of needs, expectations, and requirements
Collaborate with Risk Analytics subject matter experts to identify valuable practices and develop strategies to implement and track
Develop effective predictive tools, processes, and templates to enable efficient delivery of services

Skills

Key technologies and capabilities for this role

Risk AnalyticsLoss ForecastingData AnalysisPredictive ModelingQuantitative AnalysisSQLPythonData ExtractionForecasting MethodologiesAuto Finance

Questions & Answers

Common questions about this position

What is the employment type for this position?

This is a full-time position.

Is this role remote or does it require office work?

This information is not specified in the job description.

What key skills are required for the Associate, Risk Analytics - Loss Forecasting role?

The role requires skills in designing and developing loss forecasting frameworks and methodologies, performing data extraction and quantitative/predictive analysis, creating dashboards, and providing risk-based analysis for portfolio management.

What is the company culture like at Santander?

Santander fosters an enriching environment focused on continuous learning, personal growth, collaboration with global colleagues, engagement, and employee success.

What makes a strong candidate for this role?

Strong candidates have experience in loss forecasting for consumer portfolios, ability to build analytical datasets, perform predictive analysis, develop forecasting tools, and create dashboards while ensuring regulatory compliance.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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