Executive Director, Market Risk
Company: Santander Holdings USA Inc
Posted on: June 18, 2022
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
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
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
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
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 risk, process, and control validation and/or assessment
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.
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
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