Job Details

Quantitative Analyst


Posted: 1 hour ago


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The UK Internal Validation Team is hiring a Model Validation Quantitative Analyst to contribute to the model validation to support business and/or regulatory requirements. There are more models requiring validation as various projects are happening within Santander UK, for example FRAP project (validate over 100 Valuation/FVA/AVA models) to fulfil the ECB obligations raised after their OSI.

The difference you will make

Conducting independent reviews of the newly developed models and methodologies.

Performing a theoretical challenge of the proposed models and analyse the impact of different approaches.

Developing/implementing validation tools and models for the Internal Validation Team library.

Reviewing developers' technical documentation to assess compliance with model risk policy.

Creating a validation report following an assessment of model foundations and performance.

What you'll bring.

Degree level education in a quantitative field such as Mathematics, Actuarial, Statistics, Mathematical Finance, Data Science, Operations Research, Quantitative Economics or Engineering; postgraduate qualification/PhD would be advantageous.

A working knowledge of Python and Matlab. Knowledge of SQL, VBA, R, SAS, C++, Latex, git and/or any other programming language or statistical software will be advantageous.

It would also be nice for you to have

Appreciation/knowledge of regulatory compliance requirements such as Basel II, IAS19, IFRS9, FRTB, SS3/18.

Track record of successful delivery in an actuarial analysis or modelling role and experience of interpreting and writing technical documentation

Presentational skills, good communication skills, self-motivated and independent individual

What else you need to know.

This role will be based in London with flexibility working from home.

How we'll reward you.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

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, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year

Voluntary healthcare benefits at discounted rates. Including: Bupa 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 including retailers, entertainment, eating out, travel and more

Share in Santander's success by investing in our share plans

Support your favourite causes through charitable giving and our community partnerships

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A bit more about Santander

At Santander we're driven by our purpose - to help people and businesses prosper. This means we help customers to create change for themselves and those around them, and we champion businesses to grow sustainably. We do this by always living our values of Simple, Personal and Fair.

At Santander, we each take personal responsibility for managing risk by embracing the I AM Risk framework - to Identify, Assess, Manage and Report risks, and to continuously build a deeper understanding of the risks we face. It is an important part of our culture at Santander and we will provide you with knowledge to help you manage risks in your role.

What to do next:-

If this sounds like a role you're interested in, then please apply.

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Job Details

London, United Kingdom