Risk MI Specialist / Senior Risk MI Specialist

Do you want to be part of a highly diverse international team working together to deliver on IFRS9 loan loss information? We are looking for you if you have an analytical mindset, take initiative and enjoy working in collaboration with others. Our team performs in a highly integrated environment preparing risk reporting for a broad range of stakeholders. We excel at working with data and analytics to provide insight into our bank’s risk and opportunities. We are looking for a well-rounded individual who has worked with reporting before and has experience in working with documenting the finer points of applying IFRS9.

The Risk MI department is a part of the Enterprise Risk Management function and is made up by a Nordic team of analysts and specialists with main focus on reporting and investigation of credit risk related matters.

As a Risk MI Specialist, your main area of responsibilities covers the running and upkeep of the IFRS9 Engine and the Santander Nordic Default engine to support the bank's provision process and the reporting of losses in accordance with IFRS9 throughout its reporting cycles: pre-close, month close, budgeting and forecasting. You will support the Risk MI team in proving supporting analysis to transform the data reported into meaningful management information.

You will be interacting with our HQ counterparts, our local IFRS team and our auditors in matters related to the IFRS9 provisioning process. Change management and related controls are an important aspect of your responsibilities to ensure high quality and continuity, and will require collaboration with IT and Data management teams. As steward of our IFRS9 data asset, many reporting and change initiatives will require connection to our data in a structured way, which you will play a key role in delivering.

You will be working with a Nordic team, supporting the end-to-end closing process for the bank where your responsibilities include proactive planning, monitoring and mitigating action to ensure delivery on time and with quality.

You will be working in a vital area of Santander´s risk strategy and your daily job will involve collaboration across the different departments inside Risk such as Risk Data and Modelling teams to support the IFRS9 model update process for the bank and to help deep dive on analytics to understand the loss results associated to various product lines.

Data is an essential part of all risk processes to identify, measure and mitigate risks inherent to our core business activities.

Main activities

• Performing data mining/extraction and analytics to problem solve, understand closing results and improve forecasting capabilities while using BI tools for results visualization, reporting improvements and automation
• Delivering on process improvements towards common, documented, best practice ways of working with various stakeholders in the company (current development on transitioning report/processes to Python)
• Performing monthly reports, processes and analysis for loan losses across a mix of products and/or countries
• Working together with Risk and Business Units in driving change processes for improvements, harmonization and regulatory updates
• Implementing updates to internal policies and upkeeping documentation for reporting and accounting decisions related to loan losses (e.g. accounting memos)

Qualifications and experience:

• Minimum 3-4 years of experience in the financial industry within Risk, Analytics or Finance
• Intermediate programming skills (SAS/SQL/Python) and strong excel skills (Power BI is a plus)
• Experience working with and analysing IFRS9 in relation to loan losses. Creating supporting IFRS accounting memos to support post model adjustments is a plus
• A record of creating budgeting and forecasting processes in the financial industry is a plus (understanding of credit risk fundamentals is key and internal controls work is an advantage)
• Master or Bachelor’s degree in Business, Finance, Mathematics, Engineering, Computer Science or related fields

Skills and personal traits required to succeed:

• Comfortable working independently and in teams, combining lead vs support roles
• Strong problem-solving competence
• Curious, with attention to detail and taking pride in delivering at a high-quality level
• Organized, structured and able to execute on the plans and tasks given
• Flexible and service oriented in terms of going the extra mile when required

We offer

• Working in a global company that delivers great results, with high ambition where you can develop a lifelong career
• Joining a team with a high level of diversity and a multi-cultural working environment
• A working culture that is informal, but at the same time professional and dynamic, with the opportunity to make an impact
• A place in our improvement-focused team where we are currently on a journey towards harmonised processes across 4 markets
• Flexi-work policy
• Many active sports arrangements and other social events

The position is based in any of the four Nordic countries (and requires a valid work permit in Norway, Sweden, Finland or Denmark). Limited travel within the Nordic countries may be required.

For more information about the position, contact Javier Fonseca, Risk MI Leader; tel +358 504 339 182;e-mail: j.fonseca[AT]gruposantander.com