Sr. Associate, Business Control & Risk Management

Texas, United States

Apply with AI Apply

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

The Sr. Associate, Business Control & Risk Management must have experience operating within the First Line of Defense and a strong understanding of risk management practices. The role requires the ability to collaborate effectively with various stakeholders and influence strategic goals. Experience in conducting Risk and Control Self-Assessments (RCSA), including process mapping, risk and control matrices, inherent risk assessments, and internal control testing, is essential. Familiarity with financial services industry risk types such as credit, market/liquidity, operational, strategic, reputational, compliance, and model risks is also required.

Responsibilities

The Sr. Associate will assist the Business Control & Risk Management team in driving effective business line execution against the Enterprise Risk Management Framework. Key responsibilities include championing the Business Control mandate, advising stakeholders on risk initiatives like risk assessments and KRI/KPI development, and working with the business line to identify and remediate issues. The role involves ensuring awareness of risk frameworks, policies, and standards within the business line, facilitating training, monitoring risks and KRIs, and managing issue identification, remediation, and validation to ensure root cause resolution and prevention of recurrence. Additionally, the Sr. Associate will implement and maintain internal control testing and monitor control effectiveness, escalating deficiencies and validating remediation efforts.

Skills

Risk Management

Business Control

Enterprise Risk Management Framework

Risk Assessments

KRI/KPI Development

Issue Remediation

Stakeholder Collaboration

Communication

Training

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.

Land your dream remote job 3x faster with AI

Try Jobo Free