Executive Director, Market Risk

Company: Santander Holdings USA Inc
Location: Buffalo
Posted on: June 25, 2022

Job Description:

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 models

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 metrics.
Work closely with the traders, modelers, risk managers, VaR and PnL teams to accomplish the objectives of the area and enhance the processes.
Act as a technical expert in valuation discussions and presentations during internal meetings and also with onsite regulatory exams.
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 and regulators.
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 expertise information.
Understand economic and regulatory risk concepts and analyze major drivers.

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 plus.

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, Buffalo , Executive Director, Market Risk, Executive , Buffalo, New York