Santander Bank, N.A. · 1 day ago
Risk Model Validation Associate – GenAI & ML
Boston, MA
Full-time
Onsite
Mid, Senior Level
$90K/yr - $170K/yr
5+ years expSantander Bank, N.A. is a global leader and innovator in the financial services industry, evolving into a technology-driven organization. The Risk Model Validation Associate is responsible for conducting independent validations of complex risk models, developing benchmarks, and ensuring adherence to model risk management policies.
BankingFinanceFinancial Services
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 – Required
5+ years of experience working with statistical models or building GenAI/ML solutions, including rigorous testing, validation, and documentation – Required
Programming proficiency in Python, with experience using Git; SQL experience - Required
Strong analytical and critical thinking skills with the ability to challenge model assumptions and conclusions
Effective written and verbal communication skills, particularly in documenting and explaining complex technical topics
Collaborative mindset with the ability to work effectively with technical and business stakeholders
High attention to detail and commitment to quality, accuracy, and governance standards
Preferred
Master's Degree or higher in Statistics, Mathematics, Engineering, Computer Science, Economics, or a related field – Preferred
Experience in the financial services industry, including risk modeling and regulatory compliance (e.g., SR 11-7) – Preferred
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
Experience in Microsoft Office products
Benefits
We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.
Company
Santander Bank, N.A.
At Santander Bank, it’s our mission to help people and businesses prosper.
5001-10000 employees
H1B Sponsorship
Santander Bank, N.A. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (44)
2024 (36)
2023 (61)
2022 (66)
2021 (78)
2020 (69)
Funding
Current Stage
Late StageTotal Funding
$75MKey Investors
Wind Turbine & Energy Cables
2020-01-22Debt Financing· $75M
Leadership Team
- -
CEO
Anh D.
Santander Bank T&O COO
Recent News
Hartford Business Journal
2026-02-04
The Real Deal
2026-02-03
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