You will be part of the methodology team who are responsible for the development of risk methodologies used across the wider risk department.
This high-profile role sits within the Quantitative Risk Group and will focus on maintaining our existing market, structural and counterparty credit risk models or creating new models as required by the business.
What you'll be doing
Working closely with the Market Risk, Counterparty Credit Risk, Product Control, Finance and Front Office teams to provide quantitative support and practical solutions
Supporting changes to interest risk in the banking book, valuation adjustments, modelling of market risk factors and/or stress testing models
Demonstrating an understanding of derivatives across asset classes (fixed income, inflation, FX, equity), from a theoretical perspective
Responsible for the quantitative aspects of model development and its implementation
Helping evolve the existing models into more user-friendly deployments using tools such as R-shiny or Python Dash
Supporting the closure of internal validation recommendations in a timely manner and regular model monitoring
What we're looking for
Demonstrating strong quantitative skills applied in modelling and data analysis
Theoretical understanding of valuation and pricing models of financial products, derivatives and risk management methodologies (VaR, risk capital, stress testing)
Knowledge of statistical modelling of market data, or mathematical/econometric skills
Degree level education in a quantitative field (or equivalent experience)
A postgraduate qualification/PhD would be advantageous
What else you need to know
Given the recent impact of the Coronavirus outbreak we will be conducting all interviews via telephone or video-conference where possible.
How we'll reward you
As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs.
Eligible for a discretionary performance-related annual bonus
Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
27 days' holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
Voluntary healthcare benefits at discounted rates such as private 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
Share in Santander's success by investing in our Sharesave and Partnership shares plans
Support your favourite causes through charitable giving and our community partnerships
For more information about our wide range of benefits and family friend policies visit our website.
At Santander, with only a small action or a simple idea, you can achieve great things. You can improve the daily life of more than 140 million people. You can collaborate with a friendly team of more than 200,000 employees.
It doesn't stop there. You'll also be part of a vibrant organisation that's been reinventing itself for more than 160 years. One that invests millions of pounds in training its people every year. One that helps more than 2 million people every year with social programmes.
We call it #TheSantanderEffect.
Santander are an equal opportunities employer. Our customers come from a wide range of backgrounds, and so do our people. We have an inclusive culture that aims to make all colleagues feel they belong and can succeed at Santander, and we particularly welcome applications from different underrepresented groups.
For more information on our commitment to equal opportunities, please visit our diversity page here.
What to do next
If this sounds like a role you're interested in, then please apply on the link below.
Due to high volume of applications we may need to close this role earlier than the advertised date, so recommend submitting an application as soon as possible.