Especialista de Modelos at Santander

Madrid, Community of Madrid, Spain

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Experience in developing credit risk models
Knowledge of IFRS9 provisioning models
Understanding of European Banking Authority (EBA) stress test requirements
Macroeconomic and econometric knowledge
Knowledge of risk modeling techniques
Familiarity with big data environments and machine learning algorithms
Understanding of climate risk modeling techniques (transition and physical risk)
Proficiency in R and Python

Responsibilities

Model PD, LGD, EAD, and prepayment parameters under IFRS9, adapting existing models to changes in the current environment, credit risk management policies, and recovery policies
Develop stress test models under macroeconomic, climatic, sectoral, or management scenarios
Deepen knowledge of portfolios to adapt loss calculation
Analyze for the inclusion of macroeconomic scenarios in IFRS9 models
Interpret and apply regulatory, regulatory, and corporate standards to Santander Spain's portfolios
Evaluate impact and consistency for alignment of IFRS9 models with IRB methodologies
Knowledge of macroeconomic and econometric use in stress test models
Use of new tools for model development: R, Python, machine learning techniques, and advanced algorithms
Functional support of relevant topics and technical review for other team members/consulting teams
Functional and technical documentation of the estimation process
Management and resolution of recommendations (AI, VI, AE)
Support and interaction with the various areas involved and regulators
Report results to senior management

Skills

Key technologies and capabilities for this role

PythonRIFRS9PDLGDEADCredit Risk ModelingStress TestingMachine LearningBig DataEconometricsClimate Risk Modeling

Questions & Answers

Common questions about this position

Is this position remote or onsite?

The position is onsite.

What programming languages are required for this role?

Proficiency in R and Python is required.

What key experience is needed for the model specialist role?

Experience in developing credit risk models, knowledge of IFRS9 provisioning models, and understanding of EBA stress test requirements are essential.

What does Santander say about equality and opportunity?

Santander is proud to be an organization where there is equality of opportunity, regardless of race, sex, religion, age, sexual orientation, civil status, disability, nationality or gender identity.

What skills make a strong candidate for this position?

Candidates with experience in credit risk models, IFRS9 and EBA stress tests, macroeconomic knowledge, big data familiarity, machine learning, climate risk modeling, and proficiency in R and Python will stand out.

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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