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Job description

Give it your all in a role that will support your growth

We currently have an exciting opportunity for a Model Validation Quantitative Analyst to be part of the Internal Validation Team. The opportunity is extremely rare in that you will be able to independently review models from all areas of the bank and gain an exceptional level of exposure and learning rather than just working on model projects of a similar type.

Model Risk is a vital aspect of managing risk and it occurs in all areas of the bank. Within Model Risk there are model validation teams and a model risk control team.

The Internal Validation Team has a diverse remit covering (but not limited to):

  • Models used on Corporate, Retail and Wholesale Banking portfolios;
  • Models used in the management of Credit, Operational and Market risks;
  • Models used to calculate Regulatory and Economic Capital, Stress Testing forecasts, Provisions, Pricing and Fraud;
  • Models subject to Basel and IFRS9 regulations.

We're passionate about helping people and businesses prosper and we strive to be simple, personal and fair in everything we do. That's why we've built a culture of respect, where everyone is empowered to keep their promises and go above-and-beyond for our customers, colleagues and the communities we serve.

As a Model Validation Quantitative Analyst your main responsibilities will be

  • Working independently to deliver validation projects to deadlines which will include:
  • Reviewing technical documentation describing model development and validation;
  • Replicating developments, analysing performance and constructing challenger models;
  • Assessing adherence to the relevant regulatory environment;
  • Ensuring that models are fit for purpose in accordance with company strategy and aims and writing technical documents describing the validation;
  • Presenting validation findings to approval committees;
  • Tracking and monitoring progress against validation recommendations.

Minimum skills and experience required

  • Track record of successful delivery in a statistical analysis or modelling role, preferably in a Banking environment;
  • Proven ability of conducting statistical analysis in a coding environment such as SAS, SQL, R or Python;
  • Experience of interpreting technical documentation and producing written reports which convey technical information in an accessible manner;
  • Appreciation/knowledge of regulatory compliance requirements such as Basel or IFRS9;
  • Degree level education in a quantitative field; a postgraduate qualification/PhD would be advantageous.

Rewarding you

Salary is competitive

For your commitment and success, Santander offers a competitive basic salary with a distinct career development opportunity. In addition to your salary and bonus, we offer you a benefits package that's flexible and allows you to be in control, as well as all the policies, tools and guidance to support you.

Other Santander benefits include:

  • Pension with generous contributions from Santander
  • 27 days' holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
  • Voluntary healthcare benefits at discounted rates such as Private medical insurance, Dental insurance, Healthcare Cash Plan and Health assessments
  • 24/7 access to an online employee discount platform. Save money on everything from groceries, electronics, fashion, holidays and much more
  • Benefits supporting you and your family, such as voluntary Life assurance and Critical illness cover
  • Option to a Company car if you drive more than 8,000 business miles per year
  • Access to an All Employee car scheme
  • Excellent employee recognition schemes - be recognised for demonstrating great behaviours
  • Share in Santander's success by investing in our Sharesave and Partnership shares plans
  • Support your favourite causes through charitable giving and our community partnerships


This role is based in our office in Manchester.

Why Santander?

We'll give you more than a job, we'll give you a purpose - to help people and businesses prosper.

Our aim is to be the best bank for our people, customers, shareholders and communities and we're making it happen by focusing on the behaviours that bring everyone together. By bringing passion, talking straight, embracing change, showing respect, speaking up, keeping promises, giving support, truly listening and actively collaborating, we believe we can really make a difference.

We've created an environment where we always put people first, that's why we offer flexible work options to help you do your job in a way that suits you. Whatever your unique ambitions, you'll have plenty of room to grow, with tailored training and development opportunities and a wide range of benefits designed to suit your lifestyle. What's more, we'll also support you in making a difference through our volunteering and fundraising schemes. Our commitment to our people hasn't gone unnoticed and we've been listed as one of Britain's Top Employers by the Top Employers Institute since 2012.

Time to apply

If this sounds like a role you're interested in then please apply on the link below.

Equal Opportunities Statement

Santander are an equal opportunities employer who are simple, personal and fair in everything we do. For more information on our commitment to equal opportunities, please visit our diversity page here.

Job type
Job Sector
Job Position
Credit/Risk Management
/ year
Manchester, UK Show on map
Post date
Closing date

How would you fit?

Learn more about Santander

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

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