During her time at A&M, Ms. Falcones has led several projects for the two largest Spanish banks, including the Strategic Plan Spain 2016-2018, EBA-ECB 2016 Stress Test exercise, capital optimization, and development of the Capital Risk Dashboard covering planning, management, adequacy and monitoring, and control metrics. She has also worked on developing a stress testing benchmarking tool for global systemically important banks (G-SIB) and building a geographical diversification assessment for capital optimization.
Prior to joining A&M, Ms. Falcones was a vice president at Banco Santander U.S. in Boston, where she directed the Capital Plan – Stress Testing Risk team. She developed and implemented bank-wide credit loss stress testing models to support the bank's capital plan as required by the Comprehensive Capital Analysis and Review (CCAR), Dodd-Frank Act (DFAST) and Internal Capital Adequacy Assessment Process (ICAAP) for total assets of $77 billion. She also communicated results to U.S. regulators and worked on the integration of different units in the capital plan exercise.
Ms. Falcones was previously a senior analyst at Bankinter in Madrid in risk methodology and treasury capital markets. She developed and monitored advanced parameter estimation internal ratings-based (IRB) models for Basel II requirements with a focus on probability of default (PD), loss given default (LGD) and statistical internal models and scorecards for commercial use. She also developed and distributed structured products across branches for both financing and investment.
She began her career as a risk analyst at Banco Santander U.K. in London.
Ms. Falcones earned a master’s degree in economics from Boston University and a bachelor's degree in business administration from Universidad Complutense de Madrid with a major in finance. She also attended the International Business School - Hanzehogelschool in Groningen, Netherlands for one year and completed a managerial finance course at Harvard Extension School. Ms. Falcones has participated as a panelist in several career information meetings hosted by the department of economics of Boston University.