CIB Business Controls & Risk Management, Associate - Dallas/Miami at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Ability to assist the CIB Business Control Unit in driving effective and consistent business line execution against the Enterprise Risk Management Framework
Skills to identify, assess key risks and control effectiveness throughout the assigned business line
Capability to drive business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards
Ability to assist with completion of business line risk initiatives, such as risk assessments, KRI/KPI development and monitoring, and on-time remediation of issues
Proficiency in effectively partnering with various stakeholders

Responsibilities

Risk and Control Self-Assessment (RCSA) Support: Assist in maintaining and updating risk and control inventories and process maps/workflows. Support the execution of periodic risk assessments across investment banking lines under the direction of Business Control Officers (BCOs) and RCSA leads
Issue and Event Management: Log, track, and support remediation of operational risk events, near misses and financial losses. Assist in deployment of the issue management program, including monitoring of corrective actions and reporting to various committees
Facilitate scenario analysis exercises in coordination with business units and BCO, documenting key assumptions, impacts, and mitigation strategies
Support the BCOs in the execution of the firm’s Material Risk Identification and Assessment (MRIA) program and Reputational Risk program
Assist in the development and refinement of key risk indicators (KRIs), and monitor thresholds to identify emerging trends and trigger appropriate escalation
Participate in the development of and delivery of risk training materials for key Operational Risk, Enterprise Risk and testing programs across the investment banking teams
Perform control testing across non-financial risk domains (including AML) as part of the firm’s RCSA framework, focusing on control effectiveness evaluation
Execute validation testing of issue remediation for self-identified, second line, and regulatory findings to ensure complete and sustainable resolution and closure
Support quality control efforts across RCSA

Skills

Risk Management

Business Controls

Risk Assessment

KRI

KPI

Quantitative Analysis

Risk Identification

Risk Remediation

ERM Framework

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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