Executive Director, Market Risk
Company: Santander Holdings USA Inc
Location: East Orange
Posted on: May 15, 2022
The Excecutive Director, Market Risk is responsible for
measuring the accuracy and increasing the reliability of market
risk models for SHUSA and its affiliates. The person filling the
role would be expected to provide the Market Data used to evaluate
the Fixed Income Structured Products such MBS, CLO, CMOs, ABS---,
ensuring that the data certified which feed the trading platform
and systems, satisfy all the criteria of integrity, independence,
consistency dictate by the best practice and policies.
Responsibilities of the role include performing validations of the
valuations in the systems, being responsible for the implementation
of the correct models approved by the methodology department. Also
responsible for the analysis of the discrepancies of valuation with
counterparties. The role may become more specialized over time, but
team members must be able to adapt to shifting workloads across
areas. The position requires a highly talented and motivated
individual with strong interpersonal skills and advanced analytical
experience to effectively engage in real-time transaction
consulting, and proactive team management. Engages and provides
support to Model Risk Management for the validation of market risk
Perform technical analyses, benchmarking, build challenger tools to
support the Market Data review and certification and improve the
existing process, to ensure accuracy and quality of the certified
data in order to feed the systems with the best data available.
Design and maintain a robust control for the valuation of the Fixed
income Structured Products in the front office platforms, being the
main responsible for the correct valuation in the systems.
Lead the team to work in the necessary projects to always improve
the valuation of the trading portfolios adapting them to the
changes in the market's best practices.
Integration of the necessary information through the corporate
systems to provide the market risk, front office and other implied
areas with an historical of data where it can be found reliably and
timely the necessary information which allow to performance all the
daily process of valuation, Risk's measure, liquidity, regulatory
Work closely with the traders, modelers, risk managers, VaR and PnL
teams to accomplish the objectives of the area and enhance the
Act as a technical expert in valuation discussions and
presentations during internal meetings and also with onsite
Analyze and provide the Market Risk terms for the approval of limit
exception requests, model validation requests, and permitted
product requests, including new products, being responsible to
coordinate with the headquarter team, the business and other
implied areas of the process.
Produce presentations (regular and ad-hoc) for senior management
Monitor financial markets and understand its implications to the
group market risk exposure. Review scenario analysis to assess
potential financial impact to the group, providing a technical and
Understand economic and regulatory risk concepts and analyze major
At Santander, we value and respect differences in our workforce and
strive to increase the diversity of our teams. We encourage
everyone to apply.
Master's degree in Finance, Economics, Mathematics or other
relevant field of study.
At least 12 years of experience in Market Risk Management, Trading,
Valuation, or a related function.
Solid quantitative specialist in the area of derivatives valuation
and market data pricing.
Experience in trading or market risk related job (risk taking, risk
management, risk control / oversight).
Solid communication skill is required. Ability to work with senior
management, auditors and regulators.
Excellent quantitative and qualitative analysis skills, outstanding
time and stress management skills, team-work spirit. Ability to
apply mathematical and programming skill in a highly practical way
in order to solve problems.
Strong PC skills in Excel, PowerPoint, and Microsoft Office,
Phyton, VBA macros and SQL and Access database knowledge is a
Strong computer aptitude and ability to learn and utilize financial
risk systems and other proprietary trade systems, Murex knowledge
is a plus.
As a responsible level the team member should be a self-starter and
need minimal direction from managers in pursuing projects.
Primary Location: New York, New York, United States
Other Locations: New York-,-,New York-New York
Organization: Banco Santander SA
Keywords: Santander Holdings USA Inc, East Orange , Executive Director, Market Risk, Executive , East Orange, New Jersey
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