Sr. Associate, Operational Risk - Loss and Events Management and Scenario Analysis at Santander

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Business, Finance, Management, or equivalent field. - Required
9+ Years Risk Management/Risk MIS - Required
9+ Years Financial Services industry. - Required
Knowledge of regulatory stress testing (CCAR, CECL, etc.). - Preferred
Strong operational risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment
Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense
Experience of operational risk losses and events program, risk and controls (RCSA), scenario analysis and capital planning
Strong analytical capabilities to provide data-centric insights and adjust to multiple demands and competing priorities
Ability to direct, train and guide peers, subordinates and management
Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed
Ability to adjust to new developments/changing circumstances
Ability to convey a sense of urgency and drive issues/projects to closure
Ability to adapt and adjust to multiple demands and competing priorities
Excellent written and oral communication skills
Excellent analytical, organizational and project management skills
Strong project management skills
Established work history

Responsibilities

Responsible for the strategic development, implementation, and effective execution of the Operational Risk (OR) program, covering: internal loss, external loss, risk assessment, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness, and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring
Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite
Assist in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense
Contributes to escalation, reporting, communication to Risk Governance Forums
Helps drive culture of risk awareness. Participates in the creation and delivery of OR business-tailored training
Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business

Skills

Key technologies and capabilities for this role

Operational RiskLoss ManagementScenario AnalysisRisk AssessmentStress TestingKRIsRisk FrameworkMIS ReportingCompliance MonitoringRisk GovernanceTraining DeliveryTrend Analysis

Questions & Answers

Common questions about this position

What education and experience are required for this role?

A Bachelor's Degree or equivalent work experience in Business, Finance, Management, or equivalent field is required, along with 9+ years in Risk Management/Risk MIS and 9+ years in the Financial Services industry.

What is the salary range for this position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the company culture like at Santander?

Santander fosters an enriching journey with a focus on continuous learning, personal growth, collaboration with talented colleagues worldwide, and a culture of engagement committed to employee success.

What skills make a strong candidate for this role?

Strong candidates have knowledge of regulatory stress testing like CCAR and CECL, strong operational risk management principles and methodologies, and the ability to operate independently in a complex, matrixed environment.

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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