Associate, Market Risk

About the role

It Starts Here 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 Market Risk Associate is part of a team responsible for market risk management, valuation oversight, risk infrastructure and risk reporting for a broad range of growing markets businesses including agency and non-agency securitized products, rates, credit, equity and convertibles.

• Provide day-to-day support of the risk management infrastructure
• Perform daily risk reporting and performance analysis, including investigation and explanation of material changes
• Perform ad hoc risk analysis and support senior risk managers
• Participate in regulatory projects and change management efforts
• Utilize Python scripting (or similar languages) to automate routine tasks and improve the efficiency of the risk monitoring process
• Engage in valuation of complex securities
• Support Market Risk governance activities ranging from limit monitoring to the development and maintenance of risk procedures and control frameworks
• Partner with Trading, Finance, Operations, Technology and other control functions to resolve risk issues and implement solutions

Requirements

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 quantitative discipline
• Master’s in a technical field (MS in financial mathematics) preferred

Qualifications

• 1–4 years of experience in Market Risk, Quantitative Development, or Financial Market Technology
• Strong knowledge of Microsoft Office and solid Python experience
• Solid knowledge of financial products, market risk metrics and valuation techniques
• Strong reporting, project management and organizational skills
• Solid quantitative skills
• Strong analytical curiosity, communication skills and demonstrated ability to independently investigate problems, develop conclusions and communicate findings clearly to stakeholders
• Knowledge of Bloomberg, Intex and other data vendors preferred

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.

Base Pay

• Minimum Base Pay Range: $90,000.00 USD
• Maximum Base Pay Range: $155,000.00 USD

The exact compensation may vary based on skills, experience, training, licensure and certifications and location.