Swap Dealer Regulation Controls & Operational Oversight - VP at Santander

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

In-depth knowledge of Swap Dealer regulations, specifically Dodd Frank, EMIR, and MiFid
Ability to recognize risks associated with processes/controls and identify controls to mitigate such risks
Capable of learning backup controls for the Broker Dealer
Knowledge of Sentinel/Bloomberg
Demonstrable experience building controls, KPIs, and KRIs to manage Global requirements related to swap/EMIR/MiFid transactions
Ability to communicate with the Global team and identify gaps

Responsibilities

Execute day-to-day controls related to Swap Dealer (e.g., Dodd Frank/EMIR/MiFid) and provide coverage/backup for Broker Dealer controls in coordination with the controls team
Work with control team to review, monitor, and track controls related to BSSA Swap Dealer activity as dictated by Global
Ensure SLAs are up to date and accurately reflect services; update accordingly
Maintain a strong control environment by enforcing risk and control standards as dictated by policy and Global
Participate in incident and issue management, including root cause analysis, remediation, and preventive measures with the Issue Management team
Monitor compliance with regulatory requirements and internal policies (e.g., trade reporting, reconciliations, client onboarding)
Track operational performance metrics in conjunction with Global requirements
Review adherence to KPIs and SLAs, proactively manage underperformance or systemic issues, and liaise with Global
Liaise with Front Office, Risk, Compliance, Audit, and Technology to assess and escalate issues related to Dodd Frank/EMIR/MiFID
Partner with Business and internal teams on continuous improvement, automation, and transformation efforts
Support onboarding of new processes or products into Operations with robust controls and documentation

Skills

Swap Dealer Regulation

Dodd Frank

EMIR

MiFid

Broker Dealer Controls

Regulatory Compliance

Risk Management

Incident Management

SLA Management

Governance

Operational Oversight

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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