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Enterprise Risk Manager
Miami, United States of America
WHAT YOU WILL BE DOING
The Enterprise Risk Management ("ERM") Manager is responsible for supporting the ERM Director in the day-to-day work related to the ERM Program established at Banco Santander International ("BSI") and in accordance with Santander Holdings USA ("SHUSA") ERM framework. This includes the identification, quantification, and escalation of risk to the ERM Director or designee to ensure that all risk categories are identified and managed in accordance with the approved risk tolerance, risk appetite, and strategic plans.
This position will be responsible for the daily work related to the maintenance of robust risk identification and assessment by identifying and evaluating the potential risks, at a granular level, including product and counterparty exposure levels, liquidity, and capital adequacy, as well as regularly and promptly identifying changes in risk in the operating environment and within business lines. The position will also regularly update risk assessments and exposure as well as assist in the evaluation of exposure under various stressful scenarios. The position will assist in performing all required BSI ERM duties associated with the annual Comprehensive Capital Analysis and Review ("CCAR") of SHUSA.
The position is also responsible for assisting the ERM Director in the integration of all the risks, through identification and aggregation including development/overseeing a measurement process that captures and measures risk groups (including identification of concentrations by geography, counterparty, industry, correlations, etc.). The position is responsible for the monitoring, coordination, and reporting of cross-risk types, identifying deficiencies and emerging risks, monitoring limits, and reporting to the ERM Director the results in a timely manner. This position will assist in the development and maintenance of all ERM-related policies at BSI.
Job Objectives
- Proactive identification of issues or concerns related to potential gaps in existing processes, procedures, policies, frameworks, etc.;
- Contribution to satisfactory results in audit reviews, compliance reviews, and regulatory examinations (internal/ external), Compliance and Regulatory Agency reviews; response to required corrective actions in a timely and complete manner;
- Completion of all assigned training (Compliance, Bank Secrecy Act, Audit, Code of Conduct, etc.) and reporting requirements within set timeframes; and
- Adherence to the Code of Conduct, assigned Risk Tolerance or Mandates, and all organizational policies and procedures applicable to the role.
Duties and Responsibilities
• Actively engages and executes assignments across ERM which include, but are not limited to data gathering, risk assessments, risk appetites, data aggregation, policies and procedures, reporting, etc
• Assists in the development of measurement processes to control, monitor, and report strategic and reputational risks to the ERM Director on a timely basis
• Provides assistance in the identification of risk and aggregations that captures and measures risk in the enterprise risk reporting and control framework
• Assists in the risk identification, control evaluation, and assessments of methodologies to implement ERM management framework at BSI
• Interacts with various stakeholders to identify, define and document detailed business and data requirements to support ERM plan activities
• Manages responses, and escalates as needed, to a wide array of user inquiries and data requests, including all regulatory and audit requests
• Responsible for the maintenance and coordination of all ERM frameworks, including policies and procedures, reporting, monitoring, and tracking issues in a timely manner
• Coordinates and compiles responses for research and resolution of exceptions and/or inquiries
• Responsible for the day to day ongoing assessment of BSI's risk profile, tolerance, aggregation, and reporting
• Partners with colleagues to promote proper documentation and communication of risk requirements to ensure smooth implementation of work streams
• Responsible for the day to day process related to the coordination of all reports required at SHUSA level and BSI reports corresponding to ERM
• Assist in the analysis of performance measures, trends and limits, and thresholds established at BSI based on its risk appetite
• Responsible for the coordination of all risk related reporting to BSI's Enterprise Risk Committee, Board of Directors and/or their Committees, and SHUSA governance as required
• Performs detailed data analysis and takes initiative with minimum direction and guidance when assigned independent tasks
• Performs and manages User Acceptance Testing
• Establishes and maintains relationships with internal clients and business partners
• Assists in the Product Governance process, identifying new products, services, and initiatives, and assisting product areas in navigating the review and approval process
• Assists the ERM Director in designing and providing education, training, and other materials to support the organizational risk management culture
Specialized Knowledge
• Strong understanding of Enterprise Risk Management
• Familiarity and knowledge of Basel III framework and CCAR considered a plus
• Financial Services background and a solid understanding of Risk and Regulatory risk are highly desired
• Quantitative skills to aggregate and model similar risks as well as understanding regulatory reporting and supporting aggregations
• Must display exceptional problem solving skills and analytics
• Work pro-actively and detail oriented who can derive conclusions
• Analytical, technical, and problem solving skills, with strong attention to detail
• Excellent oral and communication skills
• Excellent interpersonal, communication, and negotiation skills
• Ability to adapt to various work environments, and project schedules
• Ability to work under pressure, multitask, prioritize and be flexible
• Ability to maintain strict confidentiality
Position Requirements
Education
Bachelor's degree required; Master's degree preferred or equivalent experience
Business Experience
5-7 years of relevant experience or demonstrated required level of proficiency
Technical Knowledge
- Microsoft Office (Outlook, Word, Excel and Power Point), Sharepoint, Tableau
- Strong quantitative and statistical skills, financial accounting, etc.
- Prior experience in risk management
- Knowledge of financial products, services and associated risks
- Knowledge of risk management models and analytics
Licenses / Certifications
Risk management and/or compliance certifications preferred
Languages
English and Spanish
English
