Head of Market Risk for Securitized Products Trading, Executive Director

Responsibilities

• Market Risk Management for all securitized products trading in the US. Products include secondary trading of agency RMBS (passthroughs, CMOs), agency CMBS, non-agency products (ABS, RMBS, CMBS, CLOs) as well as whole loan trading and securitization.
• Market Risk lead for the new CMBS conduit business.
• Limit management including coordination of policy & procedure review as well as products onboarding.
• Management of the risk infrastructure and systems supporting the securitized products.
• Management of relationships with US and European regulators.
• Management of large (regulatory) projects (e.g., FRTB).
• Implementation of AI tools.
• Additional responsibilities depending on the candidate’s experience and skill set.

Qualifications

• Bachelor's Degree or equivalent work experience in Business, Finance, Management, or equivalent field. Required. Graduate degree in a quantitative field preferred.
• In-depth understanding of products and trading strategies across agency and non-agency securitized products.
• Strong knowledge of prepayment and valuation methodologies for securitized products.
• Ability to advise trading desks on risk taking/mitigation and (regulatory) capital usage.
• Strong cross-functional expertise (e.g., market risk, finance, model risk management, technology).
• Strong knowledge of regulatory standards and experience with market risk methodologies (e.g., VaR, ES, CCAR, stress testing).
• Solid quantitative skills (e.g., statistics, probability theory, derivatives valuation) and basic programming skills (e.g., Python).
• Superior verbal and written communication skills including the ability to tailor a message to the relevant audience (e.g., trading desk, senior management, regulators, quantitative developers).
• Experience in managing teams and proven people management skills.
• Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense.

Base Pay Range

Minimum: $240,000.00 USD

Maximum: $300,000.00 USD

EEO Statement

At Santander, we value and respect differences in our workforce. 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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

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 your employment at any time for any reason.

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