VP, Quantitative Analytics Mortgage & MBS Risk

Job description

VP, Quantitative Analytics - Mortgage & MBS Risk

Country: United States of America

**Your 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!**

**The Difference You Make:**
We are looking for a highly skilled and motivated Quantitative Analyst to join our Market Risk team.

The ideal candidate will have strong technical expertise in fixed income quantitative finance and securitized product modeling, along with a deep understanding of market risk measures and regulatory requirements.

This role requires proficiency in Python, R, MATLAB, or SQL, as well as the ability to develop and deliver high-quality technical documentation.

The successful candidate will combine analytical rigor with programming skills to support risk management and financial modeling initiatives.

Independent Model Assessment and Testing:

+ Conduct qualitative and quantitative assessment of risk models, ensuring data quality, theoretical soundness, and ongoing performance testing.
+ Perform independent testing of model assumptions and assess conceptual robustness.
+ Utilize statistical and machine learning techniques to analyze model risks and validate outputs.
+ Evaluate emerging risks, reach conclusions on strengths and limitations of the model, and provide recommendations to enhance model resilience.
+ Engage in continuous dialogue with model developers, risk managers, and business stakeholders.
+ Prepare detailed Model Development Documentation (MDD) to ensure regulatory compliance.

​Risk Analytics & Model Development:

+ Develop, test, and enhance risk analytics frameworks for new financial products.
+ Implement infrastructure improvements to support new risk analytics models, including performance monitoring controls.
+ Conduct quantitative research to refine model assumptions and identify areas for improvement.
+ Implement model changes, enhancements, and remediation plans to align with regulatory expectations.

Stakeholder Communication & Regulatory Compliance:

+ Collaborate with key stakeholders, including trading desks, IT, global and local risk management teams, and model validation units.
+ Effectively communicate validation results and risk insights to both technical and non-technical audiences, including regulatory bodies.
+ Ensure all models comply with internal governance and regulatory guidelines (Basel III, SR 11-7, CCAR, FRTB).

**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.

Bachelor's Degree or equivalent work experience: Business, Finance, Management, or equivalent field.

- Required.

9+ Years Risk Management/Controls - Required.

+ Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
+ Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.
+ Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense.
+ Advanced market risk, process, and control validation and/or assessment skills.
+ Ability to direct, train and guide peers, subordinates and management.
+ Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
+ Ability to adjust to new developments/changing circumstances.
+ Ability to convey a sense of urgency and drive issues/projects to closure.
+ Ability to effectively interact with the market, executive management and vendors.
+ Ability to adapt and adjust to multiple demands and competing priorities.
+ Excellent written and oral communication skills.
+ Excellent analytical, organizational and project management skills.
+ Strong project management skills.
+ Experience with pricing and risk models for fixed income products – particularly securitized products, MBS, RMBS, Agency, Non-Agency, Residential, Commercial, Asset Backed Securities.
+ Deep understanding of market risk measures, concepts, and regulatory rules: VaR, Greeks, and Model Validation Testing.
+ Hands-on experience with one or more of Python, R, MATLAB, and SQL
+ Advanced Python programming (NumPy, Pandas, SciPy)
+ Statistical modeling and machine learning
+ Risk modeling frameworks, financial time series analysis.

**Certifications:**
No Certifications listed for this job.

**It Would Be Nice For You To Have:**

+ Master's or Ph.D. in a quantitative field such as Finance, Physics, Mathematics, Business, Engineering or a related discipline with a modeling background.
+ Strong foundation in stochastic calculus, Monte Carlo simulations, and numerical methods.
+ Experience with vendors such as PolyPaths, Numerix, Bloomberg, Mortgage Data is a plus.

**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:

$120,000.00 USD

Maximum:

$205,000.00 USD

**Link to Santander Benefits:**

**Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com) (https://comms.santander.us/r/c-1x-asoDvZMQUmQ9qBf0gNi6cS-sCOOUmrXQKufnl-c92ox6n4.htm)**

**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.

**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** **:**

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 TAOps@santander.us to discuss your needs.

**Primary Location:** New York, NY, Madison Ave Corp

**Other Locations:** New York-New York

**Organization:** Santander US Capital Markets LLC

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

Required Skill Profession

Other General