Job Description

Model Validation/Risk Administrative Support | Risk | S2 | London

Country: United Kingdom

WHAT YOU WILL BE DOING

Join our community.

A chance to join a growing team that are passionate about analytics. Our purpose is simple, better models = better decisions = better customer outcomes.

The UK Model Risk Management team is hiring a Model Validation Assistant to ensure models used across the bank are fit for purpose.

The role of the successful candidate will consist in helping the team managing the validation of the Derivative Pricing, Market & Counterparty Credit risks related models, and associated monitoring and controls, and submission to model approval committees in accordance with the firm model risk policies and governance.

The difference you\xe2\x80\x99ll make.

Supporting Market Risk models validation and control and the delivery of strategic initiatives by working collaboratively with other key business areas, and clearly communicate what is realistically achievable to stakeholders and manage expectations

Contributing to the creation, communication, execution, and maintenance of \xe2\x80\x9cthe Model Plan\xe2\x80\x9d, and collaborate within and outside teams to deliver to plans and support the presentation of findings at relevant forums and committees

Being a visible point of contact for model validation issues and develop good quality relations with stakeholders from model developer, model user, and model owner teams to support the overall validation strategy and discuss findings

Managing the migration of all Market Risk related validation materials under the centralised Model Risk folder; monitor validation recommendations and ensure that incidents and issues are identified quickly and escalated immediately

Assisting with the maintenance and management of a comprehensive and up-to-date model inventory (MoNet), and ensure that model risks are effectively highlighted such that they can be remedied prior to any regulatory or audit penalty being imposed

Representing the Head of Market Risk Model Validation at various (including strategic) meetings making sure that Model Validation voice is heard; support with Audit requests, respond to queries from stakeholders, including Group, and investigate breaches

What you\xe2\x80\x99ll bring.

Excellent written and verbal communication skills, Good interpersonal skills; the ability to develop and maintain relationships across departments and geographical locations.

Excellent organiser and project planning skills required combined with a solid knowledge of in work management and team collaboration tools such as Jira, Confluence or equivalent.

It would also be nice for you to have.

A good understanding of financial markets and products coupled with a familiarity with GitLab, and Latex

Knowledge of regulatory compliance requirements such as Basel 3.1, SS1/23, FRTB

A MBA or degree level education in a quantitative field would be advantageous but not strictly necessary.

What else you need to know.

We want our people to thrive at work and home, and we recognise that many people benefit from flexible arrangements. We aim to offer different ways of working to ensure the best experience for you and for our customers. To support this, we offer site-based contracts with a hybrid working pattern and we\xe2\x80\x99re happy to discuss specific requirements throughout the recruitment process.

This is a Permanent, Full-Time role based in London - Triton Square and you will be expected to spend 40% of your time in this office.

Everyday Inclusion

At Santander we\xe2\x80\x99re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we\xe2\x80\x99ll reward you.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• \xc2\xa3500 annual cash allowance to spend on our great range of benefits.
• Eligible for a discretionary performance-related annual bonus
• We put 8% of salary into your pension, even if you don\xe2\x80\x99t contribute yourself. We\xe2\x80\x99ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer
• 27 days\xe2\x80\x99 holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year
• Voluntary healthcare benefits at discounted rates. Including: Bupa medical insurance, dental insurance, healthcare cash plan and health assessments
• Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more
• Share in Santander\xe2\x80\x99s success by investing in our share plans
• Support your favourite causes through charitable giving and our community partnerships

What to do next.

If this sounds like a role you\xe2\x80\x99re interested in, then please apply.

If there\xe2\x80\x99s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it\xe2\x80\x99s a copy of our application form in another format or additional assistance, we\xe2\x80\x99re available through telephone, email, or face to face. You can contact us at or call 0870 414 9080.

Santander