USA Associate Director, Market Risk

Company: Santander Holdings USA Inc
Location: Rye
Posted on: May 26, 2023

Job Description:

USA Associate Director, Market Risk

New York, United States of America

WHAT YOU WILL BE DOING

• 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
• 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. Responsibility Statements
  • 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.
  • Research and benchmark industry best practices for incorporation in existing Market Risk framework.
  • Provide effective challenge to the decisions and strategies proposed by the business lines. 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
    • Business, Finance, Management, or equivalent field. 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.
        • 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.
        • Ability to convey a sense of urgency and drive issues/projects to closure.
        • Ability to effectively interact with the market, executive management and vendors.
        • Ability to adapt and adjust to multiple demands and competing priorities.
        • Excellent written and oral communication skills.
        • Excellent analytical, organizational and project management skills. 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. 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.
          
          For NYC Job Applicants: The base annual salary range for this position is $167,374-$235,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
          
          Primary Location: New York, NY, Madison Ave Corp
          
          Other Locations: New York-New York
          
          Organization: Santander US Capital Markets LLC
          
          

Keywords: Santander Holdings USA Inc, Stamford , USA Associate Director, Market Risk, Executive , Rye, Connecticut