Model Validation Quantitative Analytics Manager | S3 | Model Risk

Model Validation Quantitative Analytics Manager | S3 | Model Risk

Country: United Kingdom

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Model Risk is a vital aspect of managing risk that affects all areas of the bank, involving two model validation teams (Non-Retail and Retail) and a Model Risk control team. In this challenging role within the Non-Retail Internal Validation Team, you’ll contribute to the model validation supporting business and regulatory requirements.

You’ll be integral in validating the models used in areas such as our Banking Book, including IRRBB, Fair Valuation and Valuation in Resolution, the management of Market risks and Counterparty Credit risks, Securitisation and Funding programs (Valuation, SRT, Asset Swaps) and the models used to calculate Regulatory and Economic Capital, Stress Testing, and Liquidity risks.

If you’ve performed a similar role previously, this could be the perfect opportunity to develop your career at the heart of the action.

The difference you’ll make:

• Being a Model Risk subject matter expert for key stakeholders, both within and outside of Risk department

• Contributing to the planning for key projects to ensure the most effective use of validation resources

• Using quantitative risk experience to continually improve risk management tools and techniques

• Reviewing technical documentation describing model development and validation, whilst assessing adherence to the relevant regulatory environment

• Ensuring that models are fit for purpose in accordance with company strategy and aims, and presenting validation findings to model approval committees

• Identifying synergies between the different validation tasks to effectively manage and optimise the team’s work and contributing toward the continuous improvement in efficiency and effectiveness of team processes

What you’ll bring:

These are the essential requirements you need to be successful in this role:

• Previous markets experience including market drivers and pricing approaches with an in depth knowledge of the practices from portfolio management or securities valuations

• Knowledge of regulatory compliance requirements such as Basel, SA-CCR, FRTB, SS1/23, ICAAP

• Track record of successful delivery in a validation or modelling role and experience of interpreting and writing technical documentation

• Presentational skills, good communication skills, self-motivated and independent individual

It would also be nice for you to have:

• Knowledge of SQL, VBA, R, SAS, C++, Latex, git and any other programming language or statistical software

• Degree level education, or equivalent, in a quantitative field such as Mathematics, Statistics, Mathematical Finance, Data Science, Operations Research, Quantitative Economics or Engineering

• A working knowledge of Python

What else you need to know:

This role permanent role is based in Triton Square.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles).

If you apply for this role, it’s important you consider your travelling distance, time and cost from your home to the office location. We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.

If you’re interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.

Inclusion

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed.  We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you.

As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.

• Eligible for a discretionary performance-related annual bonus.

• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.

• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.

• £6,000 car allowance per year.

• Company funded individual private medical insurance.

• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.

• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• Share in Santander’s success by saving or investing in our share plans.

• As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services.

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through telephone, email, or face to face. You can contact us at resourcing@santander.co.uk or call 0870 414 9080.