Santander · 13 hours ago
Risk Model Validation Associate – GenAI & ML
Boston
Full-time
Onsite
Mid, Senior Level
$90K/yr - $170K/yr
5+ years expSantander is a global leader and innovator in the financial services industry, evolving into a technology-driven organization. The Risk Model Validation Associate will conduct independent validations of complex risk models, develop benchmarks, and partner with model owners to ensure compliance with standards and regulations.
BankingCommercial LendingFinanceFinancial ServicesPersonal Finance
Responsibilities
Review and assess overall model health within established governance frameworks, proactively identifying risks, issues, and control gaps
Perform independent, end-to-end validations of a broad range of statistical, machine learning, and GenAI models in accordance with internal standards and regulatory expectations
Develop and execute effective benchmarks, challenger models, and replication analyses to evaluate model soundness and performance
Evaluate model assumptions, limitations, and weaknesses, and clearly document findings, conclusions, and remediation recommendations
Partner closely with model owners and developers to understand model design, intended use, and underlying business context
Assess ongoing model performance and monitoring results to ensure continued fitness for purpose
Ensure full adherence to company model risk management policies, procedures, and documentation requirements
Qualification
Required
Bachelor's Degree or equivalent work experience
5+ years of experience working with statistical models or building GenAI/ML solutions, including rigorous testing, validation, and documentation
Programming proficiency in Python, with experience using Git; SQL experience
Preferred
Master's Degree or higher in Statistics, Mathematics, Engineering, Computer Science, Economics, or a related field
Experience in the financial services industry, including risk modeling and regulatory compliance (e.g., SR 11-7)
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Experience in Microsoft Office products
Benefits
Fair and competitive rewards package that reflects the impact you create and the value you deliver
Benefits are designed to support you, your family and your well-being, now and into the future
Company
Santander
Banco Santander is a banking firm that specializes in various banking services including retail, commercial, digital, & investment banking.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2013-05-30Post Ipo Equity
1987-08-07IPO
Leadership Team
Hector Grisi
Consejero Delegado de Banco Santander
Recent News
2026-01-22
Computer Weekly
2026-01-16
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