Sr. Associate, Market Risk
Company: Santander Holdings USA Inc
Location: New York
Posted on: May 13, 2025
|
|
|
Job Description:
Sr. Associate, Market RiskCountry: United States of AmericaYour 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!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 analyticsUSA 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
- Monitor risk systems and processes to identify potential issues
before they impact business, management, and other internal
clients.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 projectAutomation and
Process Improvement:
- Utilize Python scripting (or similar languages) to automate
routine tasks and improve the efficiency of the risk monitoring
processQualifications: 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
institutionsSkills and Abilities:Proficient with Convertible Bonds
and EquitiesStrong knowledge and understanding of the structured
fixed-income products and equity derivativesExperience 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 calculationsProficient in
Python is a MUSTProficient in database queriesExperience working
with market data sources and trading systems such as Bloomberg
TerminalExposure to PolyPaths, Intex, Yieldbook, Bloomberg
APIFamiliarity with other programming languages or data analysis
tools (SQL, VBA)Knowledge of front-office systems and
workflowInterest in building financial application and risk
systemsStrong understanding of quantitative modelsStrong
troubleshooting skillsStrong project, management, and
organizational skillsAbility to communicate effectively with peers
that may not have quantitative or Market Risk backgroundsExcellent
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
environmentRisk 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:Review the internal eligibility
guidelines . 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 to discuss your needs.
Primary Location: -New York, NY, Madison Ave Corp
Other Locations: -New York-New York
Organization: -Santander US Capital Markets LLCSalary: $120,000 - $205,000/year
- Utilize Python scripting (or similar languages) to automate
routine tasks and improve the efficiency of the risk monitoring
processQualifications: 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
institutionsSkills and Abilities:Proficient with Convertible Bonds
and EquitiesStrong knowledge and understanding of the structured
fixed-income products and equity derivativesExperience 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 calculationsProficient in
Python is a MUSTProficient in database queriesExperience working
with market data sources and trading systems such as Bloomberg
TerminalExposure to PolyPaths, Intex, Yieldbook, Bloomberg
APIFamiliarity with other programming languages or data analysis
tools (SQL, VBA)Knowledge of front-office systems and
workflowInterest in building financial application and risk
systemsStrong understanding of quantitative modelsStrong
troubleshooting skillsStrong project, management, and
organizational skillsAbility to communicate effectively with peers
that may not have quantitative or Market Risk backgroundsExcellent
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
environmentRisk 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:Review the internal eligibility
guidelines . 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 to discuss your needs.
- Monitor risk systems and processes to identify potential issues
before they impact business, management, and other internal
clients.Project and change management
Keywords: Santander Holdings USA Inc, Danbury , Sr. Associate, Market Risk, Other , New York, Connecticut
|
Click
here to apply!
|
