PolyPath Market Risk Specialist

About the role

The Santander's Corporate & Investment Banking (CIB) business is seeking an experienced PolyPath Market Risk Specialist to support pricing, valuation, and market risk activities within a large banking or capital markets environment.

Responsibilities

• Support and enhance PolyPath platform capabilities used for pricing, valuation, trading, and market risk workflows.
• Partner with business, risk, model, and technology teams to translate complex market risk and fixed income requirements into scalable technical solutions.
• Support market risk processes including sensitivities, stress testing, scenario analysis, VaR, pricing, and valuation workflows.
• Work with fixed income and structured products, including:
• Mortgage-Backed Securities
• Collateralized Mortgage Obligations
• Asset-backed or securitized products
• Other structured fixed income instruments
• Develop, enhance, and troubleshoot applications, scripts, and integration components using Python and Java.
• Support pricing pipelines, risk data flows, market data integration, and valuation processes within the PolyPath ecosystem.
• Analyze system issues, performance bottlenecks, data discrepancies, and production incidents related to PolyPath and downstream risk systems.
• Collaborate with front office, risk, finance, infrastructure, and application development teams to ensure accurate and timely delivery of risk analytics.
• Support migration, modernization, and integration initiatives involving legacy trading or risk systems and PolyPath architecture.
• Improve platform stability through automation, monitoring, alerting, and issue resolution processes.

Qualifications

• Expert-level knowledge of PolyPath.
• Strong experience in market risk, preferably within banking or capital markets.
• Strong programming skills in Python and Java.
• Solid understanding of fixed income products, pricing, valuation, and risk analytics.
• Experience supporting risk models, valuation tools, pricing engines, or market risk platforms.
• Ability to troubleshoot complex system, data, and pricing issues across multiple technology platforms.
• Strong analytical skills with the ability to explain technical and market risk concepts clearly to both business and technology teams.
• Experience working in a large banking, financial services, or regulated financial institution environment.

Preferred Qualifications

• Experience working directly with front office, market risk, finance, model validation, or quantitative teams.
• Strong knowledge of structured fixed income products, especially:
• MBS
• CMO
• ABS
• Securitized products
• Understanding of:
• Pricing
• Valuation
• Sensitivities
• Stress testing
• VaR
• Scenario analysis
• Yield curves
• Risk factors
• Market data
• Experience with system integration using APIs, messaging frameworks, batch processes, or data pipelines.
• Experience supporting real-time or high-volume capital markets platforms.
• Strong production support, issue management, and root-cause analysis experience.

What Else You Need To Know

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

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.