Country: Spain
Position: Model Risk Audit Analyst
Location: BOADILLA DEL MONTE (HEADQUARTERS)
WHY YOU SHOULD CONSIDER THIS OPPORTUNITY At Santander, we are key players in the transformation of the financial sector.
Do you want to join our team?
Internal Audit is a permanent and independent function that provides the Board of Directors and senior management with independent assurance regarding the quality and effectiveness of internal control processes and systems, management of current or emerging risks, and governance, thus contributing to the protection of the organization's value, solvency, and reputation.
Santander is proud to be an organization where there is equality of opportunity, regardless of race, sex, religion, age, sexual orientation, marital status, disability, nationality, or gender identity.
WHAT YOU WILL DO Within the Internal Audit Division, in the Financial Risks Area, you will participate in the review of IRB models and regulatory capital calculation and COREP reporting of capital requirements for internal credit risk models.
We need someone like you to assist us in various areas:
Participate in audits reviewing IRB credit risk models (parameters, scoring, and ratings) by conducting independent tests to evaluate the methodological adequacy of the models in accordance with current regulations (methodological foundations and quality and integrity of the information used for their construction) and previously defined uses. Drive the automation of internal processes related to model review by creating standardized boxes and/or designing independent contrast metrics. Review the alignment of IRB models with the Group's internal regulations. Participate in audits of the Internal Validation Function by conducting independent tests to measure the adequacy of the scope of model validation work in accordance with current regulations and the Group's internal regulations. Review the correct calculation of regulatory capital according to solvency regulations (CRR) as well as regulatory reporting in COREP. Strengthen the implementation and use of best practices in model review within Internal Audit. EXPERIENCE Desirable previous experience of at least 2-4 years in departments related to the development and validation of IRB models or measurement and reporting of regulatory capital, either in the financial sector, auditing, and/or consulting.
EDUCATION Degree in Mathematics, Physics, Statistics, Engineering, or ADE and Economics, with knowledge of programming and database management and solvency regulations.
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