Sr. Associate, Business Control & Risk Management- VP

Full job description

Req ID: Req1299772

Date posted 04/03/2024

Sr. Associate, Business Control & Risk Management- VPNew York, United States of AmericaThe Sr. Associate, Business Control & Risk Management operates within the First Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework.

S/He is expected to champion the Business Control mandate as a critical business partner guiding stakeholders to embed risk management practices in the 1st line. The Sr. Associate serves as a subject matter expert by advising and guiding risk initiatives such as risk assessments, KRI/KPI development and monitoring, working with the business line to proactively self-identify issues, and ensure on-time remediation of issues.

The Sr. Associate must be able to effectively collaborate with various stakeholders while influencing strategic goals.

USA Job Function Description:

  • Ensures transparency of business results, finance and processes.
  • Typically organizes a reporting system and tracks goals accomplishment, collect and process data and provides managers with all necessary company management data and information.

Essential Functions/Responsibility Statements:

  • Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
  • Communication & Training: Maintain two way communications with SLoD. Facilitate training for Business Lines to provide awareness of risk frameworks, policies, programs, processes, etc.
  • Adherence to Risk Frameworks, Policies, and Standards: Partner with SLoD to provide input/review of frameworks, policies and standards.
  • Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards.
  • Report and escalate exceptions and facilitate Business Line corrective actions.
  • Continuous Monitoring: Continuously monitors all sources of risk existing within the Business Line and externally.
  • Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line.
  • Understand where credit, market/liquidity, operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks.
  • Monitor Key Risk Indicators and report on negative/adverse trends in Business Line.
  • Monitor risk profile to maintain tolerance within Risk Appetite.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education: Bachelor’s Degree or equivalent work experience. ACAMs or equivalent certification a plus

Work Experience: 9-12 years ; Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience.

Skills and Abilities:

  • Demonstrated experience executing risk projects across multiple business lines offering a wide variety of financial services products and services.
  • Advanced knowledge of the financial services sector, particularly with the competitive dynamics and products in retail banking and risk management.
  • Demonstrated thought leadership and application of operational risk identification and mitigation practices and procedures.
  • Advanced understanding of the regulatory environment and how the risks of the products and services the bank offers are viewed by the Second Line of Defense and regulators.
  • Demonstrated judgement in escalation, ensuring risk-based clear line of sight for senior executives into existing and emerging issues/incidents.
  • Ability to build credibility with, collaborate with, and influence line of business executives.
  • Excellent analytical and complex problem solving skills.

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to .

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

For NYC Job Applicants: The base annual salary range for this position is $110,000-$155,000.The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Bachelor of Science (BS) English

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Banco Santander S.A.

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