Associate, Business Control & Risk Management

Boston, United States of America

The 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 Operational Risk Management Framework.

Specifically, the Associate works to identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards. She/He will also assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI/KPI development and monitoring, Loss Reporting and on-time triage and remediation of issues and deck aggregation and reporting. The Associate must be able to effectively partner with various stakeholders.

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.

Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards. Maintain a Risk based mindset by sharing best practices and raising any misalignment with risk governance and industry standards.

Communication & Training: Work with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data. Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls and remediation Build & maintain good working relationships with key stakeholders in Business lines, SLoD etc. by having two way communications. 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 and issue validation. Report and escalate exceptions and facilitate Business Line corrective actions

Continuously monitors all sources of risk existing within the Business Line and externally. Stay abreast of regulator, organizational and departmental changes and raise any concerns that may impact assigned

Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line. Understand where 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.

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.

Qualifications:

• Bachelor's Degree or equivalent work experience

• 5+ years ; Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience.

• Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a wide variety of financial services products and services.

• Knowledge of the financial services sector, particularly with the competitive dynamics and products in retail banking and risk management.

• 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.

• Ability to build credibility with, collaborate with, and influence line of business executives.

• Excellent analytical and complex problem solving skills.

• Strong project/program management skills.

• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

• Ability to multitask, prioritize task, adhere to deadlines and be flexible in a changing/fast paced environment.

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

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.

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.

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Masters of Science (MS) English Accuracy and Attention to Detail

Primary Location: Boston, MA, Boston

Other Locations: Massachusetts-Boston,Texas-Dallas

Organization: Santander Holdings USA, Inc.

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO