USA Sr. Associate, Business Control & Risk Management: RCSA Facilitator 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 Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field (Preferred)
Master's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field (Preferred)
9+ Years Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience
Strong verbal and written communication skills
Detail oriented
Ability to manage multiple priorities in a fast-paced, dynamic environment
Ability to challenge the “group think” mindset
Inquisitive nature that allows asking probing questions

Responsibilities

Execute on the Bank’s RCSA program by facilitating RCSA documentation (process prioritization, process maps, risk and control matrices, and risk assessments) to deliver a superior product that accurately and completely captures the risk and control environment while adhering to internal Standards, Guidelines, and Procedures
Execute refresh calendars as agreed to with the business (inclusive of any ad-hoc priorities such as NPBA or business line changes), while producing a quality product with accurate data
Execute the processing of change log items timely
Lead effective meetings with clearly stated objectives that drive desired outcomes, negotiate and build consensus within a group
Engage with other stakeholders and business partners to ensure that compliance risks are understood and documented
Work with Business Line Subject Matter Experts to elicit process details and document them per internal standards
Act as a liaison with Risk and Compliance or second line of defense to develop and implement new policy requests/revisions
Serve as a subject matter expert by advising and guiding RCSA activities
Monitor key metrics (i.e., QC results, fact data pack, and data validation rules) to understand root cause and trends for areas of potential concern
Assist the business with support to resolve findings while driving solutions to address root causes and prevent recurrence

Skills

RCSA

Risk Management

Business Control

Process Mapping

Risk Assessment

Control Matrices

Stakeholder Collaboration

Verbal Communication

Written Communication

Priority Management

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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