Senior Operational Risk Associate

Banco Santander•Boston, MA

13d

About The Position

The Sr. Associate, Operational Risk for the Loss Events Management and Scenario Analysis team is responsible for the strategic development, implementation, and effective execution of the Operational Risk (OR) program, the key program elements of which cover: internal loss, external loss, risk assessment, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness, and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring. Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite. Assist in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense. Contributes to escalation, reporting, communication to Risk Governance Forums. Helps drive culture of risk awareness. Participates in the creation and delivery of OR business-tailored training. Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business.

Requirements

Bachelor's Degree or equivalent work experience in Business, Finance, Management, or equivalent field. - Required.
9+ Years Risk Management/Risk MIS - Required.
9+ Years Financial Services industry. - Required.
Strong operational risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense.
Experience of operational risk losses and events program, risk and controls ( RCSA), scenario analysis and capital planning.
Strong analytical capabilities to provide data-centric insights and adjust to multiple demands and competing priorities.
Ability to direct, train and guide peers, subordinates and management.
Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
Ability to adjust to new developments/changing circumstances.
Ability to convey a sense of urgency and drive issues/projects to closure.
Ability to adapt and adjust to multiple demands and competing priorities.
Excellent written and oral communication skills.
Excellent analytical, organizational and project management skills.
Strong project management skills.

Nice To Haves

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Experience in Microsoft Office products.
Knowledge of regulatory stress testing (CCAR, CECL, etc.).

Responsibilities

Strategic development, implementation, and effective execution of the Operational Risk (OR) program
Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite.
Assist in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense.
Contributes to escalation, reporting, communication to Risk Governance Forums.
Helps drive culture of risk awareness.
Participates in the creation and delivery of OR business-tailored training.
Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business.