CIB Vice President Market Risk
Country: United States of America
It Starts With You
Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible. This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.
The Difference You Make
The Vice President Market Risk role is responsible for risk analysis and independent oversight of market data quality certification used for market risk metrics and reporting. The analyst is responsible for all aspects of market data quality including compliance with requirements of regulators and internal control and will recommend opportunities and proposed resolutions for improved efficiency, effectiveness, and/or risk reduction for the department. The analyst should have the technical skill to create market data time series and historical reconstruction. The analyst is responsible for reviewing, analyzing, and/or evaluating the Company's market data management that renders risk-based processing and reporting to reduce operating losses and maintain maximum protection of the organization's assets, products, and services. The analyst will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for pricing and reporting.
•EOD certification process occurs daily from 3 to 8 PM
•Morning hours are dedicated to market data maintenance and data quality check
•Perform daily review, maintenance, and certification of market data accuracy
•Analyze, maintain, and build history for market data proxy used for VAR reporting
•Review market data and static data configuration in multiple platforms
•Liaise with multiple teams to implement and resolve market data discrepancies
•Monitor and manage risk/exposure and compliance with the company's policies
•Identify, manage, and report on daily market data process and workflow
•Quantitative support to the different participants of market data development process
•Activities may include quantitative analysis, risk identification and remediation
•Oversee and ensure the development and implementation of short-term projects
•Organize and implement upgrades in Risk System with the support teams and Methodology
•Perform test on systems in order to improve efficiency in analyzing the reports for risk metrics
What You Bring
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 (or equivalent) in Economics, Mathematics, Physics, Engineering, or a related field - Required
Qualifications:
•9+ Years Risk Management/Controls - Required
•Experience in valuation of financial products and/or market risk management (FX, Rates, Bonds, Equities, CDS, Convertibles, Fixed Income Structured products (RMBS, CMO, MBS, CLO, …))
•Experience in knowledge of market products, obtaining inputs for valuation and market information systems (Bloomberg, Reuters, ICE, Market, etc.)
•Development of analysis tools and prototypes for defined market data feed (mainly in VBA or Python)
•Knowledge in market data and financial products
•Strong Excel, Excel VBA and Python a must
•Knowledge in external vendor tools as Murex and Asset Control will be a plus
•Knowledge in Spanish will be a plus
Certifications:
•No Certifications listed for this job
It Would Be Nice For You To Have
•Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Work Authorization & Sponsorship
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.
What Else You Need To Know
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Base Pay Range:
•Minimum: $190,000.00 USD
•Maximum: $245,000.00 USD
Risk 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.
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.
