The Director, Business Control & Risk Management operates within the first line of defense and is directly accountable to lead Business Control & Risk Management team(s) in the oversight and governance of business line execution against the Enterprise Risk Management Framework.
The Director is accountable for the evaluation and improvement of the control environment within the assigned Line of Business (LOB). The Director supports and leads the risk evaluation of the various business components including the operating functions across the collective and individual business, as assigned. Continuously evaluates the industry, market and regulatory environment to anticipate changes and help ensure appropriate alignment and control model with potential business scenarios that may change the business(es) line risk profile.
The Director leads a team that works to continuously identify, assess and action various risks throughout the assigned business lines following established risk program requirements. S/He will lead governance routines to report and escalate as necessary to executive management and corporate risk partners while driving a cultural awareness of risk management practices and interacts with all lines of internal risk management peers including other first line of defense teams, corporate risk functions and internal audit.Responsibilities:
Drive Risk Culture: Establishes expectations, ownership and accountability for risk management within the Business Line. Provide risk expertise and control function feedback, as applicable, during performance review cycles and incentive plans of employees in the Business Line. 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 Required Skills:
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.Job :Business Control Primary Location :Massachusetts-Dorchester-2 Morrissey Boulevard - 06367 - Columbia Park-Corp Organization:Technology (5900) Schedule :Full-time Job Posting :Apr 22, 2020, 1:50:40 PM Share this job
Who is Santander?
Learn how Santander Universities makes a positive impact on society.
Hear directly from our employees about working at Santander.
You currently have no jobs saved.Recent Jobs Work in Dorchester
Check out where you could be working if you apply.Get the Scoop
Keep your finger firmly on the pulse. Sign up, and you'll receive news, updates and alerts for the newest Santander roles as they become available.