Santander Bank, NA Financial Cost Analyst in Boston, Massachusetts

Financial Cost Analyst - 1803271



As a member of Santander’s retail banking division you’ll help serve Santander’s retail and small business customers as part of one of the top banks in the United States based on deposits. With principal presence in the northeast U.S., Santander’s retail division offers consumer and lending products to help our customers reach their financial goals. Santander currently serves nearly 2 million retail customers and 5.2% of the 2.7 million small businesses in the US footprint have a transactional account with Santander Bank.

The position will work closely with Capital Planning and Management, Risk Management, Business Line and Finance functions to develop forecasts that are consistent with company strategies.

The Analyst will work with a team to perform highly complex analysis of Business Unit methodologies and processes, develop forecasting strategies, support the design and development of econometric and financial models, execute forecast models and analysis for various scenarios and manage the ongoing maintenance of PPNR forecasting methodologies. The Analyst will liaise with internal and external resources, provide project management support and report issues, and status and resolutions. The Analyst will also be responsible for supporting quality and performance testing on models and tools to ensure operational efficiency, and generate data extracts and reports for use in statistical analysis. The position will work closely with Capital Planning and Management, Risk Management, Business Line and Finance functions to develop forecasts that are consistent with company strategies.


  • Assist in developing/Shaping strategies for modeling design, development, validation, implementation, monitoring and reporting

  • Contribute toward all aspects of the team members life cycle, including recruitment, performance management and development

  • Develop analysis to support assessment and challenge of the forecasting approach/assumptions and deliver adequate information to support effective challenge at the board and management levels

  • Work with Capital Planning and Management, Regulatory Reporting, Strategic Planning to ensure consistency and reconciliation with relevant planning and reporting processes

  • Work within cross-functional teams (Technology, Finance, Risk, Capital, etc.) projects addressing data, process, model, analytics and policy gaps involving PPNR models

  • Develop business and functional requirements for PPNR model development and execution

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.



  • Bachelor’s degree in Business Administration, Accounting and/or Finance

  • Masters and/or MBA in relevant financial field preferred

  • 3+ years in Risk/model development

  • Quantitative training, financial analysis tech & other modeling

  • CFA and/or CPA preferred

  • Current knowledge of industry best practices related to CCAR and PPNR

  • Excellent verbal, written, and presentation skills; ability to interact effectively with all levels in the organization and externally, including executive management and regulators

  • Professional programming background in SAS, VBA, SQL; strong skills in the use Microsoft Office (Excel, Access, Outlook, Word, PowerPoint)

  • Strategic and analytical thinker, with a proven track record of pro-actively devising and implementing effective solutions to complex problems

  • Working knowledge of financial theory; risk related models, CCAR/ICAAP related models, pricing and valuation models etc.

Job : Central Financial Management
Primary Location : Massachusetts-BOSTON
Schedule : Full-time
Job Posting : May 16, 2018, 8:00:42 PM