Associate, Business Control & Risk Management

Associate, Business Control & Risk Management

Country : United States of America

It Starts Here :

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 Difference You Make :

The Associate, Business Control & Risk Management operates within the First Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework. Specifically, the Associate works to identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate / Business Line policies and standards. The incumbent will also assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI / KPI development and monitoring, and on-time remediation of issues. The Associate must be able to effectively partner with various stakeholders.

• Drive Risk Culture : Ensure awareness in the Business Line of risk frameworks, policies and standards.
• Communication & Training : Work with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data. Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls and remediation 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 and issue validation. Report and escalate exceptions and facilitate Business Line corrective actions.
• 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 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.
• Where applicable, 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.).

Support the implementation of Key Risk Indicator (KRI) framework : Formally define and document metric definition details (metric type, provider, approver, numerator & denominator descriptions, source, scope, thresholds, Risk Basel category) in the centralized repository, Support structured metric submission process with established timeline and requirements.

What You Bring :

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.

Bachelor's Degree or equivalent work experience : Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.

Master's Degree Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.

5+ Years Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and / or legal or regulatory experience.

Demonstrated experience supporting and / or leading risk projects across multiple business lines offering a wide variety of financial services products and services.

Knowledge of the financial services sector, particularly with the competitive dynamics and products in retail banking and risk management.

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.

Ability to build credibility with, collaborate with, and influence line of business executives.

Excellent analytical and complex problem solving skills.

Strong project management skills.

Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

Ability to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levels.

Ability to build internal and external networks of information resources within the risk management ecosystem.

Understanding of BSA / AML and OFAC regulations, regulatory expectations and industry leading practices.

Ability to deliver high quality documentation with focus on attention to detail.

Certifications :

Other Risk Certification

It Would Be Nice For You To Have :

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

What Else You Need To Know :

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range :

Minimum : $65,625.00 USD

Maximum : $110,000.00 USD

We Value Your Impact :

Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2025 Santander OnGoing / NH eGuide (foleon.com) (https : / / comms.santander.us / r / c-1x-asoDvZMQUmQ9qBf0gNi6cS-sCOOUmrXQKufnl-c92ox6n4.htm)

Risk Culture :

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement :

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 is required for this role. Depending on location, occasional moving and lifting light equipment and / or furniture may be required.

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 your employment at any time for any reason.

What To Do Next :

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us (mailto : TAOps@santander.us) to discuss your needs.

Primary Location : Quincy, MA, 1 Enterprise Drive-Quincy-Corp

Other Locations : Massachusetts-Quincy,Texas-Dallas

Organization : Santander Consumer USA Inc.