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Santander Holdings USA Inc: Sr. Associate, Business Control & Risk Management

Company: Santander Holdings USA Inc
Location: Cambridge
Posted on: November 21, 2020

Job Description:

Sr. Associate, Business Control & Risk Management-2003875 Description The Sr. Associate, Business Control & Risk Management operates within the First Line of Defense to execute the Enterprise Risk Framework ensuring compliance with Regulations, Heightened Standards, and Corporate Policy. The Sr. Associate will help champion the Business Control mandate acting as a critical 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 enterprise wide initiative such as risk assessments, KPI development, remediation of issues. Evaluations require collaboration with various stakeholders while influencing parties towards strategic goals. May manage a small team in these efforts. Acts as a liaison with Risk and Compliance or second line of defense to develop and implement new policy requests/revisions, to complete all line of business-related risk assessments, risk mandates, continuity plans, resolution plans and executionAnalyzes, evaluates and provides strategic guidance and direction for programs, policies and procedures to ensure alignment with regulatory requirements and acceptable risk mitigation practicesDevelops and implements appropriate controls and procedures reflecting the standards set forth in the policies and Regulations while accounting for risks inherent in the products, services, types of customers, locations of customers, and functions of the Business UnitDevelops, implements and monitors compliance program and controls for the assigned area. Identifies gaps in controls, proposes solutions, and implements corrective actionsDrives projects to implement the necessary changes to policy, procedures and processes in order to align the Business Unit(s) to the organization's OCC's practice standardsEffectively partners with line of business to solicit information and to mitigate riskManages complex process evaluations across single or varied line of businessProvides advisory support for regulatory examinations and audits by defining the how and why for all implemented decisions; ensures all requested documentation is providedRecognized as a subject matter expert by advising and guiding enterprise wide initiative such as risk assessments, KPI development, remediation of issuesReports to management on regulatory developments and risks/issues identified within assigned Compliance area. Regularly provides reports to Retail Risk and Compliance Director on progress., Supports Business Unit team members in the resolution of Risk related issues. At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply. Qualifications Bachelor's Degree; Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field requiredMaster's Degree; Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience preferred5-9 years; 5-10 years--- experience in the Business Unit.,9-12 years; Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience. Risk Certification preferred Ability to anticipate the impact of regulatory and other environmental factors and proactively take action to ensure the team/function/enterprise is preparedAbility to build credibility with, collaborate with, and influence line of business executivesAbility to build internal and external networks of information resources within the risk management ecosystemAbility to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levelsAbility to constructively work both independently and in collaborative environments involving all levels of management and employeesAbility to work with limited oversight from managerAdvanced knowledge of the financial services sector, particularly with the competitive dynamics and products in retail banking and risk managementAdvanced 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 regulatorsDemonstrated experience executing risk projects across multiple business lines offering a wide variety of financial services products and servicesDemonstrated judgement in escalation, ensuring risk-based clear line of sight for senior executives into existing and emerging issues/incidents., Demonstrated thought leadership and application of operational risk identification and mitigation practices and proceduresExcellent analytical and complex problem-solving skillsIn depth research and analysis skills for more complex and critical data, interpret and communicate industry trendsStrong understanding of BSA/AML and OFAC regulations, regulatory expectations and industry leading practicesSuperior project management skills. Minimal physical effort such as sitting, standing, and walkingBrings out the best in each team member by consistently motivating and acknowledging peer contributionsUnderstands and leverages team dynamicsEffectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of viewEnsures people receive the information they require, and brings the team together to share informationEnsures that all directs, and colleagues have appropriate knowledge of risk and the regulatory environmentInvestigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or managementFully accountable for timeliness, completeness, quality of projects, processes, products and servicesRemains calm and focused on goals while facing pressures, obstacles or short-term setbacksImproves relationships between key individuals to achieve seamless cross-team workflow and positively impact resultsUses informal networks to gain support for ideas and projectsKeeps up to date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organizationCan identify functional and organizational implications associated with major trendsDesigns solutions to address industry activities that impact the organizationMonitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessaryUnderstands end to end processes across the organization and how processes are integratedHas a practical knowledge of regulations impacting area supported Job:Business ControlPrimary Location:Massachusetts-BOSTON-75 State Street 06366 State Street-CorpOrganization:Consumer & Business Banking (1001)Schedule:Full-time Job Posting:Nov 13, 2020, 6:52:01 PM

Keywords: Santander Holdings USA Inc, Cambridge , Santander Holdings USA Inc: Sr. Associate, Business Control & Risk Management, Executive , Cambridge, Massachusetts

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