We Are Banco Sabadell

Banco Sabadell is one of the leading banking institutions in Spain, with over 14,000 employees known for their dedication, collaborative spirit, and dynamism. Banco Sabadell serves more than 11 million clients and holds a privileged position in the business segment. Our mission is to help individuals and companies bring their projects to life by anticipating their needs and ensuring they make the best financial decisions, guided by our core values: commitment, non-conformity, professionalism, efficiency, empathy, and transparency. Moreover, we achieve this through responsible management and a firm commitment to environmental sustainability.

Join us!

What Are We Looking For?

We are currently seeking a Credit Risk Model Validation Analyst with strong analytical and synthesis skills, as well as an interest in working in an international environment, to join our TSB Validation Function Coordination team.

Let’s Talk About the Project…

Mission

Collaborate in the independent validation of statistical models used to measure credit risk in different areas of the organization. This will be done in accordance with a defined validation framework, standards, and regulatory requirements, providing an independent opinion on the appropriateness of the models, their usage, and the need for corrective measures. The role also involves coordinating various validation activities across respective teams, including international subsidiaries.

Responsibilities

• Coordinate the validation of regulatory models across respective teams, including international subsidiaries.
• Analyze proposals for new statistical credit risk models to ensure their methodological, performance, and usage adequacy.
• Provide a precise perspective on the adequacy of internal models through an independent challenge process.
• Assess new model proposals to guarantee they are suitable for their intended use while ensuring compliance with regulatory requirements and the entity’s policies.
• Propose action plans aimed at improving models, as well as the methodologies used for their estimation and development.

Required Profile

• Strong analytical and synthesis skills to draw conclusions from reviewed aspects.
• Proactive attitude and ability to tackle new projects.
• Precision and organization, with the ability to work autonomously and flexibly.
• Strong interpersonal, communication, and negotiation skills.
• Interest in working in an international environment and the ability to communicate effectively in English with international collaborators.

Education and Experience

• Bachelor's degree in Mathematics, Statistics, Physics, Economics, or a related field.
• Additional postgraduate studies in Data Science and/or FRM certification or similar are highly valued.
• Proficiency in tools like SAS, SQL, or statistical programming languages (R, Python).
• English: Advanced level (preferably C1 or C2). A test will be conducted.
• Experience in first-line, second-line, or third-line departments in model development within the banking sector, or equivalent experience in specialized consulting firms.
• Essential: experience in areas related to Credit Risk and Capital Management (Basel) within financial institutions. Knowledge in the area of IFRS9 models will be taken into account.
• Experience working in an international environment will be highly valued.

This role offers an exciting opportunity to contribute to the improvement of credit risk management in a dynamic and international setting.

Banco Sabadell is committed to fostering work environments where individuals are treated with respect and dignity, promoting the professional development of its workforce and ensuring equal opportunities in recruitment, training, and career advancement. We offer a workplace free from any discrimination based on gender, age, sexual orientation, religion, ethnicity, or any other personal or social circumstances.

Banco Sabadell is part of the network of companies awarded the "Equality in the Workplace" distinction by the Ministry of Equality.