Sr. Associate, Business Control & Risk Management, Wyomissing, PA
Company: Santander Holdings USA Inc
Location: Fogelsville
Posted on: August 6, 2022
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Job Description:
Sr. Associate, Business Control & Risk Management, Wyomissing,
PAWyomissing, United States of AmericaWHAT YOU WILL BE DOINGUSA Job
Family Description: Monitors activities to minimize the company's
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.USA Job Function Description: Ensures transparency of
business results, finance and processes. Typically organizes a
reporting system and tracks goals accomplishment, collect and
process data and provides managers with all necessary company
management data and information.Essential Functions/Responsibilty
Statements:Drive Risk Culture: Ensure awareness in the Business
Line of risk frameworks, policies and standards.Communication &
Training: Maintain two way communications with SLoD. Facilitate
training for Business Lines to provide awareness of risk
frameworks, policies, programs, processes, etc.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. Report and escalate exceptions and
facilitate Business Line corrective actions.Continuous Monitoring:
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 credit, market/liquidity,
operational, strategic, reputational, compliance, and model risks
exist in the Business Line and continually assess and improve
controls to mitigate those risks. Monitor Key Risk Indicators and
report on negative/adverse trends in Business Line. Monitor risk
profile to maintain tolerance within Risk Appetite.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 Business Line process owners
accountable to identify and assess risks. Support Business Lines in
risk identification (e.g. NPBA, change management, etc.) Ensure all
issues (Self-Identified, IA, Credit Risk Review or Regulatory)
pertaining to the Business Line are resolved within established
timelines. Validate issues to ensure Business Line remediation is
sufficient to address root cause and prevent recurrence.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/weaknesses and take
appropriate action to ensure Business Lines remediate and prevent
recurrence.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.)Manage and execute risk related activities and routines as
part of the following operational risk programs: Risk and Control
Self-Assessment (RCSA), Issues Management, Scenario Analysis, Top
Risk, Material Risk Program, Event Escalation, Loss Management and
Application Inherent Risk Assessment.
Qualifications:To perform this job successfully, an individual must
be able to perform each essential duty satisfactorily. The
requirements listed below are representative of the knowledge,
skill, and/or ability required. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions.Education:Bachelor's Degree or equivalent work
experience in Accounting, Business, Statistics, Risk Management,
Information Systems, Finance, Economics or equivalent field.
(Req)Master's Degree in Accounting, Business, Statistics, Risk
Management, Information Systems, Finance, Economics or equivalent
field. (Pref)Work Experience:Risk Management, Internal Controls,
Auditing, Credit Management, relevant line of business experience
and/or legal or regulatory experience., 9-12 years (Req)Business
Unit. , 5-9 years (Req)Skills and Abilities:Demonstrated experience
executing risk projects across multiple business lines offering a
wide variety of financial services products and services.Advanced
knowledge of the financial services sector, particularly with the
competitive dynamics and products in retail banking and risk
management.Demonstrated thought leadership and application of
operational risk identification and mitigation practices and
procedures.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.Demonstrated
judgement in escalation, ensuring risk-based clear line of sight
for senior executives into existing and emerging
issues/incidents.Ability to build credibility with, collaborate
with, and influence line of business executives.Excellent
analytical and complex problem solving skills.Superior project
management skills.Ability to constructively work both independently
and in collaborative environments involving all levels of
management and employeesAbility to collaborate with internal and
external service providers to establish resource requirements,
scheduling, assignments and service levels.Diversity & EEO
Statements: At Santander, we value and respect differences in our
workforce and strive to increase the diversity of our teams. We
actively encourage everyone to apply.Santander is an equal
opportunity employer. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, genetics, disability, age, veteran status or any other
characteristic protected by law.Working Conditions: Frequent
Minimal physical effort such as sitting, standing and walking.
Occassional moving and lifting equipment and furniture is required
to support onsite and offsite meeting setup and teardown.
Physically capable of lifting up to fifty pounds, able to bend,
kneel, climb ladders.Employer Rights: Employer Rights:This job
description does not list all of the job duties of the job. You may
be asked by your supervisors or managers to perform other duties.
You may be evaluated in part based upon your performance of the
tasks listed in this job description. The employer has the right to
revise this job description at any time. This job description is
not a contract for employment and either you or the employer may
terminate at any time for any reason. English
Primary Location: Wyomissing, Pennsylvania, United States of
America
Other Locations: Pennsylvania-Wyomissing
Organization: Santander Bank N.A.
Keywords: Santander Holdings USA Inc, Allentown , Sr. Associate, Business Control & Risk Management, Wyomissing, PA, Accounting, Auditing , Fogelsville, Pennsylvania
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