Associate, Technology Business Control & Risk Management

Santander • Miami, FL

2d • $65,625 - $110,000 • Onsite

About The Position

The Associate, Business Control & Risk Management operates within the First Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework. Specifically, the Associate works to identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards. The incumbent will also assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI/KPI development and monitoring, and on-time remediation of issues. The Associate must be able to effectively partner with various stakeholders.
Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
Communication & Training: Work with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data. Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls an
Adherence to Risk Frameworks, Policies, and Standards: Partner with SLoD to provide input/review of frameworks, policies and standards. Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards and issue validation. R
Continuously monitors all sources of risk existing within the Business Line and externally. Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line. Understand where operational, strategic, repu
Where applicable, Issue Identification, Management, and Risk Assessment: Conduct RCSA responsibilities including Process Mapping, Risk & Control Matrices, Inherent Risk Assessments, Internal Control testing and Heracles data/input. Engage and hold Busines
Internal Control Testing: Implement and maintain internal control testing and control effectiveness monitoring in the Business Line. Validate the adequacy of controls, escalate deficiencies as appropriate. Identify root causes of control deficiencies/weak
Exam Management: Liaison with the Business Line for all exam related activities including regulatory, Internal Audit and Credit Risk Review. Review materials, responses and validate Business Line remediation work (e.g. artifacts, action plans, etc.).
Support the implementation of Key Risk Indicator (KRI) framework: Formally define and document metric definition details (metric type, provider, approver, numerator & denominator descriptions, source, scope, thresholds, Risk Basel category) in the central

Requirements

• Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required
• 5+ Years Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience. - Required.
• Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a wide variety of financial services products and services.
• Knowledge of the financial services sector, particularly with the competitive dynamics and products in retail banking and risk management.
• Advanced understanding of the regulatory environment and how the risks of the products and services the bank offers are viewed by the Second Line of Defense and regulators.
• Ability to build credibility with, collaborate with, and influence line of business executives.
• Excellent analytical and complex problem solving skills.
• Strong project management skills.
• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees.
• Ability to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levels.
• Ability to build internal and external networks of information resources within the risk management ecosystem.
• Understanding of BSA/AML and OFAC regulations, regulatory expectations and industry leading practices.
• Ability to deliver high quality documentation with focus on attention to detail.
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

• Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred
• Risk Certification - Preferred
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework.
• Identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards.
• Assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI/KPI development and monitoring, and on-time remediation of issues.
• Ensure awareness in the Business Line of risk frameworks, policies and standards.
• Work with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data.
• Gain an in-depth understanding of existing risks, causes, severity rating, controls.
• Partner with SLoD to provide input/review of frameworks, policies and standards.
• Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards and issue validation.
• Continuously monitor all sources of risk existing within the Business Line and externally.
• Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line.
• Conduct RCSA responsibilities including Process Mapping, Risk & Control Matrices, Inherent Risk Assessments, Internal Control testing and Heracles data/input.
• Engage and hold Business Units accountable for risk and control issues.
• Implement and maintain internal control testing and control effectiveness monitoring in the Business Line.
• Validate the adequacy of controls, escalate deficiencies as appropriate.
• Identify root causes of control deficiencies/weaknesses.
• Liaison with the Business Line for all exam related activities including regulatory, Internal Audit and Credit Risk Review.
• Review materials, responses and validate Business Line remediation work (e.g. artifacts, action plans, etc.).
• Formally define and document metric definition details (metric type, provider, approver, numerator & denominator descriptions, source, scope, thresholds, Risk Basel category) in the central KRI framework.

Benefits

• A fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits are designed to support you, your family and your well-being, now and into the future.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level