Senior Associate, Business Control & Risk Management at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Candidates must possess a Bachelor's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics, or a related field, or equivalent work experience. A Master's Degree in a similar field is preferred. The role requires 9+ years of experience in Risk Management, Internal Controls, Auditing, Credit Management, or relevant line of business, legal, or regulatory experience, along with 5+ years of experience within a Business Unit. Demonstrated experience is also a requirement.

Responsibilities

The Senior Associate, Business Control & Risk Management will assist the team in driving effective business line execution against the Enterprise Risk Management Framework and champion the Business Control mandate as a critical business partner. Responsibilities include guiding stakeholders to embed risk management practices, advising on risk initiatives such as risk assessments, KRI/KPI development and monitoring, proactively identifying issues, and ensuring timely remediation. Key duties involve leading scenario analysis exercises, directing and overseeing the Material Risk Identification and Assessment (MRIA) program, developing and refining the strategic framework for Key Risk Indicators (KRIs), producing and overseeing risk reporting and MIS, and acting as a strategic partner to ensure material risks are identified, assessed, and managed within risk appetite. The role also includes governing and maintaining ERM program documentation and leading periodic program reviews and enhancements.

Skills

Risk Management

Business Control

Risk Assessments

KRI Development

KPI Monitoring

Scenario Analysis

Stakeholder Management

Problem-Solving

Communication

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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