MARIA MARTINEZ HERNANDEZ
A Coruña,C
Summary
Accomplished Risk Manager with a proven track record of delivering high-performance results that drive business success while ensuring compliance with regulatory requirements. Expertise includes multiple asset classes such as credit, counterparty risk, rates, FX, and emerging markets, with a strong focus on both financial and non-financial risks. Proficient in implementing regulatory changes and designing robust risk and control frameworks, complemented by exceptional project management and analytical skills. Recognized for establishing new teams and managing complex processes, emphasizing effective governance and minimizing operational risk while successfully overseeing key regulatory and non-regulatory projects.
Overview
22
22
years of professional experience
Work History
Head of Model Risk and Counterparty Risk, Executive Director
Santander Corporates & Investment Banking
01.2023 - 08.2025
- Directed and led teams of 5 specialists in Counterparty Risk and Model Risk, focusing on operational excellence and key results delivery.
- Defined and implemented the Target Operating Model for CCR, successfully achieving its complete integration into the SCIB framework.
- Recommended and implemented policies for emerging businesses and risks, significantly strengthening the overall Risk and Control Framework.
- Managed and contributed to key projects focused on CCR exposure metrics and technical enhancements.
Head of Model Risk and Development team, Executive Director
Santander Corporates & Investment Banking
01.2018 - 01.2023
- Successfully delivered a comprehensive remediation plan, securing a positive response to ECB findings from TRIM inspections.
- Established and executed the Model Risk Management (MRM) Framework, ensuring compliance with Santander London Branch policies and engaging with regulators.
- Directed and coordinated major Market Risk projects (TRIM, FRTB, full revaluation), ensuring collaboration across multi-functional teams (Quants, Technology, Methodology).
- Oversaw ongoing model performance monitoring with the Model Validation team and managed the resolution of findings to mitigate risk exposure.
Senior Market Risk Manager, Executive Director
Santander UK
01.2015 - 01.2018
- Achieved promotion to Executive Director.
- Co-ordination of current mayor project to improve risk and control processes and systems.
- Support and enhance relationships with teams across Risk, Finance, Operations, and Technology to ensure delivery of cross-divisional projects.
- Responsible for engagement with internal audit and external regulators
Senior Market Risk Analyst
Santander UK
01.2011 - 01.2015
- Co-ordination of current mayor project
- Analyzing Trading Market Risk's requirements for new products, product extension and one-off approvals
- Analysis of sensitivities and P&L of the new models prior to addition to mandate (SABR, Bermudan...)
- Construction and implementation of interest curves: basis, Eonia/Sonia/Ois discounting (analysis the collateralized/non collateralized counterparty trades and the impact in sensitivities and P&L to change into Eonia curves)
- Advise on the modelling of complex trades.
- Specifying, testing and updating P&L attribution methodologies
- Research new methods to determine and measure market risk (new gamma, cross risk effect...)
Senior Market Risk Analyst
Banco Santander
01.2008 - 01.2011
- Assisting in projects to develop and support new products and business initiatives, measuring its impact on the P&L and risk profile of the different books.
- Curve modelling( basis spreads, collateral, OIS discounting, multiple curve currencies and integration in the pricing models).
- Approval of exotic and one-off operations: analysis of trades involving different asset classes (equity, rates, FX and commodities), models review and fair value adjustments
- Backtesting and VAR calibration improvements.
- Product and valuations monitoring : FVAs and XVAs definition and monitoring.
Risk Management Analyst
BBVA Asset Management
01.2004 - 01.2008
- Valuation of exotic assets of the bank's funds: exotic options, structured products and OTCs of equity and rates
- Modelling and implementation of new products in MATLAB
- Development of tools for OTCs pricing
Education
Master - Women in Leadership Program
IE University
Madrid, Spain01-2023
Master - Quantitative Finance
Escuela De Finanzas Aplicadas (AFI)
Madrid, Spain01-2005
Degree - Mathematic, statistics
Universidad De Murcia
Murcia, Spain01-2003
Skills
**Risk Tools & Programming Languages**
Bloomberg, Reuters, Kondor, Murex
MATLAB, Visual Basic, Power BI, Microsoft Excel/PowerPoint
**Technical Specialization**
Model Risk Management (MRM), Counterparty Credit Risk (CCR), Quantitative Analysis and Modeling, Regulatory Implementation (FRTB, IMM), Fixed Income Portfolio Management Digital transformation
**Leadership & Soft Skills**
People and Team Leadership (managing up to 7 specialists), Stakeholder Management, Effective Communication, Strong Influencing Skills, Problem Solving
LANGUAGES
Spanish (Native)
English (Fluent/C1)
French ( Basis Knowledge)
Timeline
Head of Model Risk and Counterparty Risk, Executive Director
Santander Corporates & Investment Banking
01.2023 - 08.2025
Head of Model Risk and Development team, Executive Director
Santander Corporates & Investment Banking
01.2018 - 01.2023
Senior Market Risk Manager, Executive Director
Santander UK
01.2015 - 01.2018
Senior Market Risk Analyst
Santander UK
01.2011 - 01.2015
Senior Market Risk Analyst
Banco Santander
01.2008 - 01.2011
Risk Management Analyst
BBVA Asset Management
01.2004 - 01.2008
Master - Women in Leadership Program
IE University
Master - Quantitative Finance
Escuela De Finanzas Aplicadas (AFI)
Degree - Mathematic, statistics
Universidad De Murcia