Executive Director, Market Risk

Company: Santander Holdings USA Inc
Location: Tenafly
Posted on: June 18, 2022

Job Description:

New York, United States of America

WHAT YOU WILL BE DOING
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:
Responsible of Limits. Coordinating all the procedure for the review, implementation and modification of the Market Risk Limits for the business, including the limit violation procedure by communicating the excess to the business line. Ensure compliance of market risk limit governance surrounding limit excesses. Identify and investigate issues of non-compliance with limits within the business units.
Responsible of Products onboarding. Coordinating all the procedure for the review, implementation and set up of new initiatives. Ensure compliance of market risk limit governance surrounding limit excesses. Identify and investigate issues of non-compliance with limits within the business units.
Coordinate meetings with internal and external regulators. Remediate existing and new recommendations issued by regulators. Lead the team to adhere to regulatory and reporting requirements.
Ensure that new trading strategies and/or products proposed by the business line are in compliance with existing policies and procedures. Understand economic and regulatory risk concepts and analyze major drivers.

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

Work Experience: 12-15 years ; Risk Management/Controls

Skills and Abilities:
Strong risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
Strong 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 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.

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.

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, Tenafly , Executive Director, Market Risk, Executive , Tenafly, New Jersey