Sr. Associate, Market Risk

Company: Santander Holdings USA Inc
Location: New York
Posted on: May 13, 2025

Job Description:

Sr. Associate, Market RiskCountry: United States of AmericaYour Journey Starts Here:Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!USA Job Family Description: Seeking a highly detail-oriented Market Risk Associate/ VP to join our team at Santander US Capital Markets. The ideal candidate shall have extensive knowledge of fixed income markets, be proficient in Python, and possess around 5-10 years of experience. This role involves close collaboration with the trading desk, other risk teams, IT, and primarily focuses on Market Risk analyticsUSA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.Essential Functions/Responsibility Statements:Daily operation on Market Risk data production

• Provide day-to-day production support from Market Risk prospective, validate Market Risk assumptions, check data and calculation correctness, validate model assumptions
• Collaborate with IT and other support teams to troubleshoot and resolve technical issues.Troubleshooting
  • Monitor risk systems and processes to identify potential issues before they impact business, management, and other internal clients.Project and change management
    • New product risk data development and testing
    • Risk system update testing/ backtesting
    • Collaborate with project team, product management, and collaborators on assigned aspects of the projectAutomation and Process Improvement:
      • Utilize Python scripting (or similar languages) to automate routine tasks and improve the efficiency of the risk monitoring processQualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education:Bachelor's degree in a quantitative discipline such as finance, statistic, mathematics, data science, or computer science -Work Experience:5-10 years of experience in Market Risk at banks or similar financial institutionsSkills and Abilities:Proficient with Convertible Bonds and EquitiesStrong knowledge and understanding of the structured fixed-income products and equity derivativesExperience on buildouts and deep understanding of Market Risk metrics such as VaR, SVaR, stress testing, and sensitivity analysis across Fixed Income and Equities.Quant finance knowledge - Bond yield calculation, Mortgage-Backed Securities, VaR, PnL calculationsProficient in Python is a MUSTProficient in database queriesExperience working with market data sources and trading systems such as Bloomberg TerminalExposure to PolyPaths, Intex, Yieldbook, Bloomberg APIFamiliarity with other programming languages or data analysis tools (SQL, VBA)Knowledge of front-office systems and workflowInterest in building financial application and risk systemsStrong understanding of quantitative modelsStrong troubleshooting skillsStrong project, management, and organizational skillsAbility to communicate effectively with peers that may not have quantitative or Market Risk backgroundsExcellent communication and people skills, with the ability to collaborate effectively with stakeholders at all levels.Ability to work independently and manage multiple priorities in a demanding environmentRisk Culture:We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.EEO Statement: At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.Working Conditions:Frequent minimal physical effort such as sitting, standing -and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.Employer Rights:This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.What To Do Next:Review the internal eligibility guidelines . If this sounds like a role you are interested in, then please apply.We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at to discuss your needs.
        
        Primary Location: -New York, NY, Madison Ave Corp
        Other Locations: -New York-New York
        Organization: -Santander US Capital Markets LLCSalary: $120,000 - $205,000/year

Keywords: Santander Holdings USA Inc, Scranton , Sr. Associate, Market Risk, Other , New York, Pennsylvania