I-Banking Business Controls & Risk Management, Associate

Banco Santander•Miami, FL

24d•Hybrid

About The Position

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! Essentials Functions/Responsibility The Associate, Business Control & Risk Management operates within the First Line of Defense and is accountable to assist the CIB Business Control Unit 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. Job Function Description Monitors activities to minimize the Corporate & Investment Bank's (CIB) exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Requirements

Knowledge of the financial services sector, particularly the products and services of a commercial or investment bank.
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.
Strong project management skills.
Ability to build internal and external networks of information resources within the risk management ecosystem.
Operational Risk Management Experience
Experience in gap or risk analysis
High sense of urgency with ability to drive results
Effective multi-tasking and prioritization skills
Ability to handle diverse workload and and tight schedule
Solid time management and organizational skills
Organizational governance: Knowledge of the processes, customs, policies, and rules affecting the way the organization is administered and controlled; ability to ensure compliance with governance guidelines and policies.
Accuracy and attemtion to detail: Understanding the necessity and value of accuracy - ability to complete tasks with a high level of precision.
Internal controls: Knowledge of concept, methods, and processes of internal control; ability to create, implement, evaluate and enhance processes in internal controls.
Organizational awareness: knowledge of the organizational environment and tactics; ability to effectively navigate formal and informal communication and decision-making channels.
Req: Bachelor's Degree or equivalent work experience: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.
5 years

Nice To Haves

Pref: Master's Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.

Responsibilities

Facilitate scenario analysis exercises in coordination with business units and CIN Business Control Officers (BCO), documenting key assumptions, impacts, and mitigation strategies.
Support the BCOs in the execution of the firm’s Material Risk Identification and Assessment (MRIA) program, ensuring timely updates and accurate documentation in risk management systems.
Assist in the development and refinement of key risk indicators (KRIs), and monitor thresholds to identify emerging trends and trigger appropriate escalation.
Prepare and review enterprise risk MIS and reporting for BCOs, senior management and governance forums, with a focus on material risk trends, KRI performance, and scenario outcomes.
Partner with BCOs and risk owners to ensure enterprise risks are appropriately identified, assessed, and managed in alignment with risk appetite and control frameworks.
Maintain risk program documentation and support regular reviews and enhancements to scenario analysis, material risk, and KRI processes.