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We're passionate about helping people and businesses prosper and we strive to be simple, personal and fair in everything we do. That's why we've built a culture of respect, where everyone is empowered to keep their promises and go above-and-beyond for our customers, colleagues and the communities we serve.
As a Model Risk Governance & Control Manager your main responsibilities will be
Work with the Counterparty Credit Risk, Credit Models, Structural & Liquidity and Market Risk Models Owner to ensure that all internal and external requirements are met in relation to the implementation of model changes.
Managing changes to the Counterparty Credit Risk & Credit models end to end, working closely with all the key internal teams to deliver in an effective and efficient way.
Capability to develop quantitative risk assessment tools to ensure the robust management and control of models.
Ensure that models are fit for purpose and identify incorrect model usage. Responsible for undertaking independent reviews and challenges of the bank's modelling capabilities on an ongoing basis.
Review of technical documentation and acting as Models SME.
To engage with regulators (ECB, PRA and Internal audit) on model risk and capital related topics, for example on the use of internally approved models
Liaise with FO, Quants, Market Risk and Valuation Control Groups to understand usage of models within the business context, assess models' fit-for-purpose.
Minimum skills and experience required
The successful candidate will have a quantitative background ideally with experience of model risk management, in particular Counterparty Credit Risk & Credit models.
Extensive exposure to models life cycle, building, developing, monitoring, validating, etc. Deep understanding of pricing models and their limitations
Good experience in counterparty credit risk, ideally with both business and quantitative exposure.
Demonstrates awareness and understanding of the regulatory requirements and expectations relevant to their role.
Excel/VBA/ Python knowledge required.
Salary is Competitive
For your commitment and success, Santander offers a competitive basic salary with a distinct career development opportunity. In addition to your salary and bonus, we offer you a benefits package that's flexible and allows you to be in control, as well as all the policies, tools and guidance to support you.
Other Santander benefits include:
Pension with generous contributions from Santander.
30 days' holiday plus bank holidays, with the option to purchase up to 5 contractual days per year.
Company funded Individual Private medical Insurance.
Voluntary healthcare benefits at discounted rates such as Private medical insurance for your family, Dental insurance, Healthcare Cash Plan and Health assessments.
24/7 access to an online employee discount platform. Save money on everything from groceries, electronics, fashion, holidays and much more.
Benefits supporting you and your family such as, voluntary Life assurance and Critical illness cover.
Access to an All Employee car scheme.
Excellent employee recognition schemes, be recognised for demonstrating great behaviours.
Share in Santander's success by investing in our Sharesave and Partnership shares plans.
Support your favourite causes through charitable giving and our community partnerships.
Brock Street, London
We'll give you more than a job, we'll give you a purpose - to help people and businesses prosper.
Our aim is to be the best bank for our people, customers, shareholders and communities and we're making it happen by focusing on the behaviours that bring everyone together. By bringing passion, talking straight, embracing change, showing respect, speaking up, keeping promises, giving support, truly listening and actively collaborating, we believe we can really make a difference.
We've created an environment where we always put people first, that's why we offer flexible work options to help you do your job in a way that suits you. Whatever your unique ambitions, you'll have plenty of room to grow, with tailored training and development opportunities and a wide range of benefits designed to suit your lifestyle. What's more, we'll also support you in making a difference through our volunteering and fundraising schemes. Our commitment to our people hasn't gone unnoticed and we've been listed as one of Britain's Top Employers by the Top Employers Institute since 2012.
Time to apply
If this sounds like a role you're interested in then please apply on the link below.
Equal Opportunities Statement
Santander are an equal opportunities employer who are simple, personal and fair in everything we do. For more information on our commitment to equal opportunities, please visit our diversity page here.