Associate, Business Control & Risk Management
Company: Santander Holdings USA Inc
Location: Saunderstown
Posted on: May 6, 2022
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Job Description:
Florham Park, United States of America
WHAT YOU WILL BE DOING
Santander's Commercial Banking Division is an active provider of
capital, treasury management and risk management solutions to
thousands of small and mid-sized companies in the northeast and
across the country. We also have expertise and provide service to
specific industry sectors including real estate, asset based
lending, energy, education, health care and government. Our clients
rely on the strength of Santander's balance sheet and the degree to
which our relationship managers understand their businesses in
order to develop the most relevant and compelling solutions. In
addition, Santander's significant international presence in regions
around the world uniquely positions us to help companies grow their
business, both near and far.
Commercial Banking's Risk Management QC & Testing function is owned
and managed by the first line of defense (1st LOD). The Testing
team provides an independent assurance on the risk and control
environment towards meeting applicable laws, regulations, and
guidelines for Commercial Banking. The goal of the Testing team is
to support compliance with regulations and requirements including
the Sarbanes-Oxley Act (SOX), facilitate the assessment of the
control suite effectiveness in the Risk and Control Self-Assessment
(RCSA) process and inform managers on the adequacy or effectiveness
of their control environment.
Duties & Responsibilities
Execute the control assessment phase of Commercial Banking's
Operational and Compliance RCSA annual plans. The results provide
critical information for management to understand the control
environment of their business and meet requirements for the
assessment, mitigation and reporting of risks and internal controls
for the Bank.
Review various business processes and assess the adequacy of
controls designed to mitigate the risks identified.
Draft and execute test procedures to assess operating effectiveness
of controls for in scope RCSA processes.
Obtain, examine and analyze records from various systems, reports,
operating practices, and documentation for compliance with bank
policies, regulatory compliance and adherence to appropriate
procedures.
As part of controls testing, analyze for process deficiencies for
in scope RCSA process.
Ensure proper utilization of bank policies and line of business
procedures.
Collect, document and summarize results for the Business Unit, and
present findings to line or business manager
Support the Testing manager to identify, develop and document
corrective action plans, for noted trends or deficiencies
Partner with the business to enhance or implement controls to
address deficiencies
Represent the department during internal and external audits/exams
as required
Participate in special projects as directed by the Testing
Manager
Qualifications
Bachelor's Degree; Accounting, Business, Statistics, Risk
Management, Information Systems, Finance, Economics or equivalent
field.
5-9 years; Risk Management, Internal Controls, Auditing, relevant
line of business experience and/or legal or regulatory
experience.
Highly Preferred: Series 7/66, or Preferred: 6/63
Proficiency with Microsoft Office Suite including Excel,
PowerPoint, Word, and Visio
Ability to build positive relationships with team members across
the organization
Ability to interact successfully with a variety of business
partners across the organization including transaction banking,
legal, compliance, technology and operations, to ensure risks are
mitigated and compliance with relevant policies and procedures
Strong organizational skills with the ability to work in dynamic
environment, that demands the ability to manage multiple, and often
competing priorities
Understand complex business processes, risks and controls in manual
/ automated environment
Strong analytical and problem solving skills
Strong oral and written communication skills and the ability to
summarize and present complex information and issues succinctly for
the required target audience
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.
WHAT WE ARE LOOKING FOR
EXPERIENCE
EDUCATION
COMPETENCIES English
Primary Location: Florham Park, New Jersey, United States of
America
Other Locations: New Jersey-Florham Park,Rhode Island-Santander
Consumer,Rhode Island-East Providence,New York-New
York,Massachusetts-Boston
Organization: Santander Bank N.A.
Keywords: Santander Holdings USA Inc, Warwick , Associate, Business Control & Risk Management, Executive , Saunderstown, Rhode Island
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here to apply!
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