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

Risk Analytics

Loss Forecasting

Data Analysis

Predictive Modeling

Quantitative Analysis

SQL

Python

Data Extraction

Forecasting Methodologies

Auto Finance

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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