Director, Business Control - Columbia Park, United States - Santander
Description
Director, Business Control & Risk Management Country: United States of America Job Description: The Director, Business Control & Risk Management operates within the first line of defense and is accountable to lead the Business Control & Risk Management team in the oversight and governance of business line execution against the Enterprise Risk Management Framework. The incumbent will assess the effectiveness of the business lines adherence to enterprise-wide compliance/regulatory programs, Corporate/Business Line frameworks/Policies/Standards.
Provides leadership within the Business Control & Risk Management team(s) and the business lines around risk activities as it relates to risk identification, risk assessment, effective risk mitigation, and ensures the existence of appropriate internal controls. The Director must be able to effectively lead, collaborate with various stakeholders while influencing strategic goals. 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.
Job Function: Ensures transparency of business results, finance and processes. Typically organizes a reporting system and tracks goals accomplishment, collect and process data and provides managers with all necessary company management data and information. Essential Functions/Responsibilities: Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
Communication & Training: Act as central point of contact for receipt and distribution of risk related information between SLoD risk teams and Business Lines. 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 through internal control testing and issue validation. Report and escalate exceptions and facilitate Business Line corrective actions Continuous Monitoring: 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 credit, market/liquidity, 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. 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.) 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: 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. Work Experience: 12+ Years Risk Management, Operations, or Controls. 7+ Years Experience managing product or service delivery to Financial Services customers.
7+ Years Change & Process Management Consulting. Skills and Abilities: Demonstrated experience delivering risk execution across multiple business lines offering a wide variety of financial services products and services. Deep 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. Demonstrated judgement in escalation, ensuring risk-based clear line of sight for senior executives into existing and emerging issues/incidents.
Ability to build credibility with, collaborate with, and influence line of business executives. Ability to develop a mentoring culture with both senior experienced team members and junior staff. Ability to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levels.
Ability to anticipate the impact of regulatory and other environmental factors and proactively take action to ensure the team/function/enterprise is prepared. Ability to build internal and external networks of information resources within the risk management ecosystem. 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: 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. The Santander Effect
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