Pros
1. Exposure to Complex Models: Santander uses a wide variety of models—credit risk (PD/LGD/EAD), market risk (VaR, IRC), ALM, and ML-based models. As a senior auditor, you’ll engage in deep dives across this spectrum, giving you broad exposure and learning opportunities. 2. Strong Governance Culture: The organization emphasizes alignment with regulatory standards (e.g., SR 11-7, ECB TRIM, CCAR), which provides a structured and compliant environment to work in. It’s an ideal place to strengthen your experience in model risk governance and internal audit. 3. Global Collaboration: As part of a global group, you may interact with teams across the U.S., U.K., Spain, and Latin America. This adds dimension to your experience and often brings in exposure to international regulations and cross-border risk frameworks. 4. Career Advancement Opportunities: Santander promotes internal mobility, and a strong performance track record can open doors to leadership roles within audit, risk, or even model validation.
Cons
Heavily regulated institution thus highly professional procedural audit process.
