Enterprise Risk Management Associate - RCSA Testing

Santander • Miami, FL

1d • $80,625 - $140,000 • Onsite

About The Position

The Associate, Risk Management operates within the Second 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 and issues.
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.
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.
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.
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).

Requirements

• Bachelor’s degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Required.
• 5+ years of experience in risk management, internal controls, auditing, credit management, a relevant line of business, and/or legal or regulatory functions – Required.
• Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a broad range of financial services products and services – Required.
• Experience collaborating with internal and external service providers to establish resource requirements, schedules, assignments, and service levels – Required.
• Advanced understanding of the financial services regulatory environment and how risks associated with banking products and services are viewed by the Second Line of Defense and regulators.
• Knowledge of the financial services sector, including competitive dynamics, retail banking products, and risk management practices.
• Understanding of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) regulations, regulatory expectations, and industry-leading practices.
• Strong project management skills.
• Excellent analytical and complex problem-solving skills.
• Ability to produce high-quality, accurate documentation with strong attention to detail.
• Ability to build internal and external networks of information resources across the risk management ecosystem.
• Ability to build credibility, collaborate with, and influence line of business executives.
• Ability to work effectively both independently and collaboratively with employees and management at all organizational levels.
• 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 a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Preferred.
• Risk certification, such as Certified in Risk and Information Systems Control (CRISC), Financial Risk Manager (FRM), Professional Risk Manager (PRM), Certified Internal Auditor (CIA), Certified Regulatory Compliance Manager (CRCM), or a comparable risk management certification – Preferred.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• 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.
• Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls and issues.
• 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 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.
• Conduct RCSA responsibilities including Process Mapping, Risk & Control Matrices, Inherent Risk Assessments, Internal Control testing and Heracles data/input.
• 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
• 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).

Benefits

• A fair and competitive rewards package that reflects the impact you create and the value you deliver.
• More than just a paycheck our 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