USA Sr. Associate, Operational Risk (117RI1)New York, United States of AmericaUSA Job Family Description:Operational Risk Management is a 2nd Line oversight function.  At CIB, the Operational Risk Management (ORM) team engages in key projects and business initiatives, works with the 1st and 3rd Lines to drive a business aligned and risk-based program designed to support the strategic development, implementation, and effective execution of the Operational Risk (OR) program. The key program elements cover: internal and external loss, risk assessments, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring.Mutual commitment and shared interests are critical to our success.  We value motivated self-starters, diverse perspectives, integrity, adaptability and excellence.  We seek capable, experienced, qualified and motivated individuals who seek to advance their own professional goals, by working with us to serve the best interests of our team, the firm and, our customers.Santander is looking to hire an Operational Risk Management VP to become a key member of our Operational Risk Management team. We are looking for an experienced candidate with a solid Operational Risk, Compliance or Audit background and experience in the Financial Services industry.The candidate will be part of the 2nd line of defense Operational Risk Management team responsible for managing risk frameworks and policy, and providing oversight, review and credible challenge of risk management activities. This role will report to the Chief Operational Risk Officer (CORO).The individual will partner with key stakeholders across all lines of defense, all business lines and support functions, including IT, Risk, Compliance, Legal, Audit, Human Resources and Finance, to support the identification, assessment, management and reporting of operational risks.  The individual will work in concert with the Operational Risk Management team, including the vendor, fraud, payments, and technology risk management and business continuity management teams, to ensure close coordination, integration, transparency and awareness of operational risks across all risk management programs.Primary Responsibilities                                   <ul><li>Provides 2nd Line risk oversight of the Operational Risk Management Program and provides direct 2nd Line support for policies/standards/procedures, strategies, material risks, risk reporting routines and metrics.</li><li>Independently serves as a trusted partner and risk advisor to key stakeholders and business partners across all lines of defense.</li><li>Credible review and challenge of 1st Line Risk and Control Self-Assessments, including process mapping, identification and assessment of risk, identification of controls, and assessments of control design and effectiveness.</li><li>Provide direct support for regulatory exams and interactions, including assessing risk remediation activities.</li><li>Perform independent risk assessments of operational risk management related disciplines, including issues, internal and external events, and concentrations.</li><li>Positively contribute to the risk culture and overall awareness of operational risk and contribute to the creation and delivery of operational risk management training.</li><li>Escalate, report and communicate operational risk management matters to executive management.</li></ul>EXPERIENCE and QUALIFICATIONS<ul><li>8+ years of related experience; ideally any combination of Operational Risk (1st or 2nd line), Audit (3rd line) and/or Compliance experience.</li><li>Experience in Banking / Financial Services/Insurance.</li><li>Bachelor’s degree; Master’s degree preferred.</li><li>Ability to effectively interact with the front-line units, executive management and vendors.</li><li>Ability to convey a sense of urgency and drive issues/projects to closure.</li><li>Thought leader, strategic and critical thinker, problem solver.</li><li>Ability to work well both independently and collaboratively as a member of the team.</li><li>Ability to multi-task, work in a fast-paced environment and adapt to change.</li><li>Ability to influence with strong written and verbal communication skills.</li><li>Integrity, combined with high personal and professional standards.</li><li>Strong program and project management skills/capabilities</li></ul>EEO Statements: At Santander, we value and respect differences in our workforce. 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. Occasional 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: 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. Primary Location: New York, NY, Madison Ave Corp Other Locations: New York-New York Organization: Banco Santander S.A.Salary: $93,750 - $165,000/year

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USA Sr. Associate, Operational Risk (117RI1)

Vice President - CLO Warehouse and Securitization Credit Risk 2nd Line of Defense -Corporate & Investment BankingNew York, United States of AmericaJob Function Description:<ul><li>Ensures adherence to the relevant policies and procedures.</li><li>Represents 2LOD in all new CIB CLO Warehousing and Trade Receivables Securitization deal screenings, perform credit analysis to determine deal viability, and compliance with credit underwriting standards.</li><li>Review and challenge on all new underwritings for products covered.</li><li>Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio.</li><li>Identifies, manages, and reports on the company's risk areas.</li><li>Maintains up to date on all market developments, best practices, and trends within the broader CLO, Leverage Finance, and Securitization segments.</li><li>Leads special risk projects and/or programs, business continuity and other incident response and security related activities supporting industry best practices.</li></ul>Essential Functions / Responsibility Statements:<ul><li>Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.</li><li>Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments.</li><li>Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls</li><li>Provides oversights on risk-management content/processes.</li><li>Provides oversights on risk-management content/processes followed by the 2nd line of defense.</li><li>Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.</li><li>Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship.</li></ul>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.Work Experience:5-7 years; Risk Management, Credit Risk, CLO Warehouse Financing and CLO financings, Leverage Finance, Underwriting, Securitization or Internal Audit experience. Experience with Trade Receivables financing is a plus.Skills and Abilities:<ul><li>Strong MS Excel and PowerPoint skills required.</li><li>Bachelor’s degree in accounting, business, statistics, finance, economics, or equivalent field</li><li>Ability to analyze risk and design efficient control practices to effectively manage risk.</li><li>Ability to multi-task, prioritize activities, manage conflicts of interest, delegate, and meet deadlines.</li><li>Knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of CLO, Leverage Finance, and Securitization segments, and Financial Industry</li><li>Demonstrated credit analysis and underwriting skills for understanding / tracking underlying counter party performance.</li><li>Ability to evaluate counter party risk exposures.</li><li>Demonstrated knowledge of credit policies and procedures, regulations, and applicable law(s)</li><li>Excellent written and verbal communication.</li><li>Strong presentation skills. Superior project management skills.</li><li>Ability to interact with all levels of management, work independently and in a team environment.</li></ul>EEO Statements: At Santander, we value and respect differences in our workforce. 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. Occasional 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. Primary Location: New York, NY, Madison Ave Corp Other Locations: New York-New York Organization: Banco Santander S.A.Salary: $101,250 - $185,000/year

Vice President - CLO Warehouse and Securitization Credit Risk 2nd Line of Defense -Corporate & Investment Banking

Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking)New York, United States of AmericaJob Function Description:<ul><li>Analyzes transactions and credit requests, including amendments and extensions, DIP and exit financings related to Chapter 11, debt restructuring and insolvency proceedings; provides credit recommendations and presents the cases to senior management and/or underwriters.</li><li>Assists in interactions with - and contributes to ongoing reporting requirements for - internal and external auditors as well as regulatory authorities.</li><li>Performs portfolio management in conjunction with other 2nd Line as well as 1st line colleagues; responsible for ongoing risk and portfolio monitoring for assigned counterparties, including limit review and oversight of data integrity in credit and booking systems.</li><li>Determines and regularly refreshes credit loss reserves and write-offs based on internal policies and guidelines as well as regulatory requirements.</li><li>Manages and ensures compliance with all Workout and Credit policies, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies and applicable regulations.</li><li>Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio.</li><li>Remains up to date on all market developments, best practices, and trends within Workout and the risk areas it covers.</li><li>Leads special risk projects and/or programs, business continuity and other incident response and security related activities in connection with the Workout mandate.</li></ul>Essential Functions / Responsibility Statements:<ul><li>Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.</li><li>Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments.</li><li>Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls</li><li>Provides oversights on risk-management content/processes.</li><li>Provides oversights on risk-management content/processes followed by the 2nd line of defense.</li><li>Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.</li><li>Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship.</li></ul>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.Work Experience:Minimum of 5 years; Risk Management, Credit Risk, Workout, Leveraged Lending, Project Finance, or Internal Audit experience.Skills and Abilities:<ul><li>Strong MS Excel and PowerPoint skills required.</li><li>Bachelor’s degree in accounting, business, statistics, finance, economics, or equivalent field</li><li>Ability to analyze risk and design efficient control practices to effectively manage risk.</li><li>Ability to multi-task, prioritize activities, manage conflicts of interest, delegate, and meet deadlines.</li><li>Solid understanding of the leveraged finance market and regulatory standards with an ability to assess credit structures and documentation and suggest appropriate changes.</li><li>Strong accounting and credit risk analysis skills (leveraged loan and high-yield structures a plus), financial modeling/forecasting, and understanding of derivative structures.</li><li>Good knowledge of a range of commercial banking products and associated documentation, including ability to review and analyze legal documents.</li><li>Demonstrated credit analysis and underwriting skills for understanding / tracking underlying counter party performance.</li><li>Ability to evaluate counter party risk exposures.</li><li>Demonstrated knowledge of credit policies and procedures, regulations, and applicable law(s)</li><li>Demonstrated track record interacting with the regulators, external and internal audit.</li><li>Excellent written and verbal communication.</li><li>Strong presentation skills. Superior project management skills.</li><li>Ability to interact with all levels of management, work independently and in a team environment.</li></ul>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. Occasional 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: 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. Primary Location: New York, NY, Madison Ave Corp Other Locations: New York-New York Organization: Banco Santander S.A.Salary: $90,000 - $165,000/year

Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking)

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Santander Holdings USA Inc Jobs

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