Sr. Associate, Market Risk

Santander•Pike, NY

About The Position

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities We Want to Talk to You! The Sr. Associate, Market Risk is responsible to oversee and control the market risk metrics/market data, as well as monitor and ensure that risk are within limits/levels by reviewing and analyzing the reports; Communicate about risk levels and provide support to senior management, Audit, Treasury and Financial Risk at corporate and local level in the decision-making process. Control and oversee market risks, by analyzing Market Risk reports; Communicate with the corporate and local senior management, Audit and the business about the risk levels for the decision-making process. Oversee and ensure the development and implementation of short-term projects. Develop and oversee the reporting for the various corporate entities such as Committees, Board of Directors, Auditors as well as the notes to the financial statements in order to support decision-making of corporate and local senior management. Oversee and communicate the limit exceptions (excess communication) to senior management and the business; analyze the excesses and risk levels in the Market Risk reports for decision-making process of corporate and local senior management, internal audit and financial risk and the business. Organize and implement upgrades in Risk System (to apply the systematic updates and to optimize the batch process) with the Support team, and Methodology; Make decisions about the plan of tests on the system in order to improve efficiency in analyzing the reports for risk metrics. Oversee the tests of valuation models in the Risks System through product analysis and identification of necessary inputs for the valuation; Ensure correct valuations and risk measurements for the products and positions taken by the business.

Requirements

Bachelor's Degree or equivalent work experience: Business, Finance, Management, or equivalent field. - Required.
9+ Years Risk Management/Controls - Required.
Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.
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.
Advanced market risk, process, and control validation and/or assessment skills.
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 effectively interact with the market, executive management and vendors.
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.

Responsibilities

Oversee and control the market risk metrics/market data
Monitor and ensure that risk are within limits/levels by reviewing and analyzing the reports
Communicate about risk levels and provide support to senior management, Audit, Treasury and Financial Risk at corporate and local level in the decision-making process
Control and oversee market risks, by analyzing Market Risk reports
Oversee and ensure the development and implementation of short-term projects
Develop and oversee the reporting for the various corporate entities such as Committees, Board of Directors, Auditors as well as the notes to the financial statements in order to support decision-making of corporate and local senior management
Oversee and communicate the limit exceptions (excess communication) to senior management and the business
Analyze the excesses and risk levels in the Market Risk reports for decision-making process of corporate and local senior management, internal audit and financial risk and the business
Organize and implement upgrades in Risk System (to apply the systematic updates and to optimize the batch process) with the Support team, and Methodology
Make decisions about the plan of tests on the system in order to improve efficiency in analyzing the reports for risk metrics
Oversee the tests of valuation models in the Risks System through product analysis and identification of necessary inputs for the valuation
Ensure correct valuations and risk measurements for the products and positions taken by the business