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3 months ago
Salary: competitive
Location: London
Job type: Permanent
Category: Analysis Jobs
Model Validation Quantitative Analyst – Permanent – London

Job Title:

Model Validation Quantitative Analyst – Permanent – London



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Make banking better in a role where no two days are the same

We have an exciting opportunity for a Model Validation Quantitative Analyst to join the Internal Validation Team. This team is responsible for independently reviewing various models developed across the bank, highlighting areas of model risk and providing indications as to the magnitude of the risks found.

You will be working within a small specialist team supporting the Director of Model Risk, where you will be required to independently review various models ensuring that any risks are highlighted effectively.

The Internal Validation Team has a diverse remit covering (but not limited to): Models used on Corporate, Retail and Wholesale Banking portfolios; Models used in the management of Credit, Conduct, Operational and Market risks; Models used to calculate Regulatory and Economic Capital, Stress Testing forecasts, Provisions, Pricing and Fraud; Models used for commercial purposes and Models subject to Basel and IFRS9 regulations.

We’re passionate about helping people and businesses prosper and we strive to be simple, personal and fair in everything we do. That’s why we’ve built a culture of respect, where everyone is empowered to keep their promises and go above-and-beyond for our customers, colleagues and the communities we serve.

As a Model Validation Quantitative Analyst, your main responsibilities will be:

* Conducting independent reviews of newly developed and proposed models/methodologies, related to Regulatory and Economic Capital, stress testing, provisions, finance, risk appetite and other risk and non-risk areas

* Providing assurance that highly technical models are fit for purpose, and giving clear guidelines of any weaknesses/restrictions for use

* Reviewing technical documentation describing model development and validation

* Replicating developments, analysing performance and constructing challenger models

* Assessing adherence to the relevant regulatory guidance

* Working independently to deliver validation projects to deadlines

* Writing technical documents describing the validation

Minimum skills and experience required:

* Degree level education in a quantitative field such as Mathematics, Statistics, Econometrics, Mathematical Finance, Economics or Engineering; Postgraduate qualification/PhD would be advantageous; - or Equivalent experience

* Track record of successful delivery in a modelling role

* Proven ability of conducting statistical analysis in a coding environment such as SAS, SQL, R, VBA or Python

* Experience of interpreting technical documentation and producing written reports which convey technical information in an accessible manner, to specific audiences

* Appreciation/knowledge of regulatory compliance requirements such as Basel or IFRS9 is advantageous

Rewarding you

Salary is competitive

For your commitment and success, Santander offers a competitive basic salary with a distinct career development opportunity. In addition to your salary and bonus, we offer you a benefits package that’s flexible and allows you to be in control, as well as all the policies, tools and guidance to support you.

Other Santander benefits include:

* Pension with generous contributions from Santander

* 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

* 24/7 access to an online employee discount platform. Save money on everything from groceries, electronics, fashion, holidays and much more

* Benefits supporting you and your family, such as voluntary Life assurance and Critical illness cover

* Option to a Company car if you drive more than 8,000 business miles per year

* Access to an All Employee car scheme

* Excellent employee recognition schemes - be recognised for demonstrating great behaviours

* 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


Our Triton Square office in London is conveniently located within walking distance from Euston Station and Warren Street Station. It’s one of our biggest offices in the UK and is home to a range of key functions for the bank from Marketing, Finance and Risk to Digital and HR. With an onsite gym, restaurant, coffee shop and banking facilities, the atmosphere is a vibrant one with plenty of opportunities to socialise and get involved in local community and charity work.

Why Santander?

We’ll give you more than a job, we’ll give you a purpose – to help people and businesses prosper.

We’ve created an environment where we always put people first, that’s why we offer flexible work options to help you do your job in a way that suits you. Whatever your unique ambitions, you’ll have plenty of room to grow, with tailored training and development opportunities and a wide range of benefits designed to suit your lifestyle. What’s more, we’ll also support you in making a difference through our volunteering and fundraising schemes. Our commitment to our people hasn’t gone unnoticed and we’ve been listed as one of Britain’s Top Employers by the Top Employers Institute since 2012.

Time to apply

If this sounds like a role you’re interested in then please apply on the link below.

Equal Opportunities Statement

Santander are an equal opportunities employer who are simple, personal and fair in everything we do. For more information on our commitment to equal opportunities, please visit our diversity page here.

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