Executive Director, Market Risk

  • Santander Holdings USA
  • New York,NY
  • 2023-11-15T03:10:38Z
Executive Director, Market Risk

New York, United States of America



  • Monitor exposure to market, Liquidity & funding risk

  • Review and update mark-to-market prices. Challenge Traders & external price providers as appropriate

  • Perform analysis on risk profile of products and Portfolios

  • Support production of daily risk reports for Agency MBS, Non-Agency Structured Products, Credit, Rates and Matched Book trading

  • Support maintenance of risk systems and models

  • Explain changes in VaR, analytics, risk profiles and spreads

  • Help build and enhance models for risk and trading

  • Work closely with Developers, Middle Office, Margin group & Traders to help price, model and trouble shoot portfolio analytics and calculations

  • Maintain Prepay models, Intex libraries, mapping matrices, Term structure and Option models.

  • Report and escalate any significant Risks, model deviations etc. to management

  • Work closely with cross functional teams 2LD, Internal Audit, Model Risk and Governance to support business needs

  • Analyze portfolio holdings at Central clearing counterparts and help optimize the portfolio and risk

  • Follow the markets closely and be on top of developments in structured products, credit, and rates markets

  • Support model calibration and testing


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.

  • 8 yrs experience in a Front office trading or Risk role

  • 5+ years of working experience with Agency SF/MF MBS, Non-agency RMBS, CMBS, CLOS, Spread products and rates

  • A thorough understanding of TBAs, Spec Pools, CMO tranching, Repo funding and spread products

  • Thorough understanding of VaR, prepay, default and term structure modeling

  • Experience in Polypaths (highly desirable), Intex , Yield Book and Bloomberg

  • Proficient Excel and SQL skills, troubleshooting knowledge in Java & Python

  • Masters degree in a Quantitative field

Skills and Abilities:

  • Strong risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology

  • The position requires being comfortable with complex activities, understanding complex structured products and working on tight deadlines to deliver high quality output.

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. 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. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

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 at any time for any reason.

For NYC Job Applicants: The base annual salary range for this position is $167,374-$235,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Santander US Capital Markets LLC