Sr. Associate, Market Risk
Company: Santander Holdings USA Inc
Posted on: May 16, 2022
New York, United States of America
WHAT YOU WILL BE DOING
USA 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 adherence to the policies and
procedures established by the company. Manages policy, standard
definition and monitoring of policy, standard implementation,
ensuring harmonization and consistency of risk policies. Monitors
and manages risk/exposure and compliance with the company's
policies. Identifies, manages and reports on the company's risk
areas. Evaluates the adequacy and effectiveness of data, document
retention, and monitors systems.
Essential Functions/Responsibilty Statements:
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
Oversee and ensure the development and implementation of short-term
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
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
Bachelor's Degree or equivalent work experience in Business,
Finance, Management, or equivalent field. (Req)
Risk Management/Controls, 9-12 years (Req)
Skills and Abilities:
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
Advanced market risk, process, and control validation and/or
Ability to direct, train and guide peers, subordinates and
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
Ability to effectively interact with the market, executive
management and vendors.
Ability to adapt and adjust to multiple demands and competing
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.
WHAT WE ARE LOOKING FOR
EDUCATION Bachelor of Science (BS), Masters of Science (MS)
COMPETENCIES Bachelor of Science (BS) English
Primary Location: New York, New York, United States of America
Other Locations: New York-New York
Organization: Banco Santander S.A.
Keywords: Santander Holdings USA Inc, New York , Sr. Associate, Market Risk, Accounting, Auditing , Irvington, New York
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