Madrid, Community of Madrid, Spain
Oversight and coordination of the different Internal Validation units across the Santander Group, within the Model Risk function, ensuring homogeneity and consistency of the validation activities as a global process, and following the highest quality standards in alignment with regulatory compliance and business expectations. Contribution to key transformation projects of the firm's Internal Validation function at Group level: set-up, implementation and follo-up of regional validation teams; enhancement of the global internal validation framework and definition of validation pillars for Machine Learning models.
Management and control of the model risk inherent to the use of models for financial risk management and regulatory compliance (CNBV and ECB) in Santander Mexico. Risk control throughout the model life cycle: local adaptation of controls and procedures; execution of metrics and reporting to senior management and global unit; management of the Models Committee; coordination with 1st and 2nd line of defense, and intermediary review of validation results with the methodology, internal validation and model owners functions.
Technical, methodological and regulatory compliance validation of the firm's risk models, carried out independently, as a support entity of the risk committee in governance decisioning, including: credit risk models (internal rating systems as scorecard and rating type models for portfolio origination and management and expected loss calculation under CNBV regulation), operational risk and stress testing models for PRA regulation.
Participation in the development of the PD model of the firm's MME portfolio for IRB purposes. Regional participation in the definition of the firm's Global Standards for the validation and monitoring exercises of the PD, CCF and LGD models, whose objective is to test the predictive power and calibration of AIRB models, with early warning indicators in case the observed figures are significantly different from the estimates produced.
Descriptive statistical reporting of the insurance sector's behavior and performance, particularly for property insurance.