Analyst/Associate, Counterparty Credit Risk
The CCR Team is responsible for building, maintaining and remediating the internal control environment for CRR transactions executed by each BS Entity in the United States.
The CCR Team collaborates with the 1LOD within each BS Entity to manage risk.
CCR is responsible for developing and maintaining the methodologies to calculate risk exposures of OTC derivatives, Repo and Security Lending transactions.
The models are used for advanced Basel regulatory capital calculations, stress testing, and internal risk management measures.
Additional responsibilities include:
CCR policies, standards and procedures, credit limits, exposure aggregation, concentrations, margin practices, collateral terms, close-out procedures, specific and general wrong-way risk and back testing of risk metrics.
Responsibilities:
Serves as a daily contact, and ensures ongoing CCR support and oversight for all applicable BS Entities.
Runs CCR models (stress testing, back testing and settlement risk) that meet internal and external requirements.
Assist in maintaining, testing and improving CCR models; handles calibration, simulation and pricing across all major asset classes.
Formalizes testing protocols and processes to ensure that risk analytics deliverables that require system implementation are thoroughly tested, documented and signed off ahead of production release.
Assist in setting and monitoring CCR limits.
Ensures key risks and issues are identified, documented, mitigated and communicated to the appropriate stakeholders in a timely manner.
Develops robust reporting to facilitate effective executive management requirements.
Performs statistical analysis of large volume of financial data, such as historical data analysis.
Works with IT on systems implementation.
Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
Manages risk analytics regulatory and BAU projects to ensure fulfillment of requirements and a timely delivery.
Creates and maintains project plans and status reports.
Establishes and manages project forums as appropriate; prepares meeting materials and minutes.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
We encourage everyone to apply.
1 to 3 years' experience within the financial industry.
Bachelor's Degree in Statistics, Math, Finance, Accounting, Economics or equivalent field.
Knowledge of derivatives and lending products, stochastic calculus and linear algebra.
Ability to analyze risk and design efficient control practices to manage risk.
Ability to interact with all levels of management, work independently and in a team environment.
Ability to multi-task, prioritize activities, manage conflicts of interest and meet deadlines.
Demonstrated knowledge of credit policies, procedures, regulations and applicable law.
Excellent written and verbal communication skills.
Solid project management skills Strong knowledge of SQL, Python, Microsoft Excel and PowerPoint.
Primary Location:
New York, New York, United StatesOther Locations:
New York-New YorkOrganization:
Banco Santander SA.
Estimated Salary: $20 to $28 per hour based on qualifications.
The CCR Team collaborates with the 1LOD within each BS Entity to manage risk.
CCR is responsible for developing and maintaining the methodologies to calculate risk exposures of OTC derivatives, Repo and Security Lending transactions.
The models are used for advanced Basel regulatory capital calculations, stress testing, and internal risk management measures.
Additional responsibilities include:
CCR policies, standards and procedures, credit limits, exposure aggregation, concentrations, margin practices, collateral terms, close-out procedures, specific and general wrong-way risk and back testing of risk metrics.
Responsibilities:
Serves as a daily contact, and ensures ongoing CCR support and oversight for all applicable BS Entities.
Runs CCR models (stress testing, back testing and settlement risk) that meet internal and external requirements.
Assist in maintaining, testing and improving CCR models; handles calibration, simulation and pricing across all major asset classes.
Formalizes testing protocols and processes to ensure that risk analytics deliverables that require system implementation are thoroughly tested, documented and signed off ahead of production release.
Assist in setting and monitoring CCR limits.
Ensures key risks and issues are identified, documented, mitigated and communicated to the appropriate stakeholders in a timely manner.
Develops robust reporting to facilitate effective executive management requirements.
Performs statistical analysis of large volume of financial data, such as historical data analysis.
Works with IT on systems implementation.
Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
Manages risk analytics regulatory and BAU projects to ensure fulfillment of requirements and a timely delivery.
Creates and maintains project plans and status reports.
Establishes and manages project forums as appropriate; prepares meeting materials and minutes.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
We encourage everyone to apply.
1 to 3 years' experience within the financial industry.
Bachelor's Degree in Statistics, Math, Finance, Accounting, Economics or equivalent field.
Knowledge of derivatives and lending products, stochastic calculus and linear algebra.
Ability to analyze risk and design efficient control practices to manage risk.
Ability to interact with all levels of management, work independently and in a team environment.
Ability to multi-task, prioritize activities, manage conflicts of interest and meet deadlines.
Demonstrated knowledge of credit policies, procedures, regulations and applicable law.
Excellent written and verbal communication skills.
Solid project management skills Strong knowledge of SQL, Python, Microsoft Excel and PowerPoint.
Primary Location:
New York, New York, United StatesOther Locations:
New York-New YorkOrganization:
Banco Santander SA.
Estimated Salary: $20 to $28 per hour based on qualifications.
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