VP - Business Controls | SCIB at Santander

London, England, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Investment Banking, Corporate BankingIndustries

Requirements

Previous experience in a similar role within an investment banking business
Excellent analytical and problem-solving skills, with the ability to interpret complex data and develop actionable insights
Well-developed written and verbal communication skills, with the ability to convey complex risk information to non-experts
High level of attention to detail and accuracy in conducting risk analyses, assessments and preparing reports
Proficiency in risk management software, statistical analysis tools, and Microsoft Office Suite

Responsibilities

Monitoring trading desk activities for market, operational, and conduct risks
Establishing and executing controls to detect abnormal trading behaviours and mitigate internal fraud
Overseeing governance bodies and coordinating periodic reporting such as dashboards, KPIs and incidents
Support preparation and facilitation of risk governance forums, including reporting, data gathering, and coordination of responses
Producing and maintaining the 19 Points of Control (19PoC) framework, ensuring accuracy, timely updates, and alignment with regulatory and internal standards
Daily monitoring of risk metrics and escalation of breaches
Producing monthly and quarterly reports for local and global risk forums
Working closely with compliance, internal audit, risk management, and legal teams to align risk strategies

Skills

Non-Financial Risk Management

Regulatory Compliance

KYC

AML

Operational Risk

Trading Controls

Risk Governance

KPIs

19 Points of Control

Market Risk

Conduct Risk

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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