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Director of Operational Risk
Banco Santander
Boston, MA, United States
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Description
The Bank is pursuing a strategic hire in the Operational Risk Policy and Methodology area of the Operational Risk division to take a leadership role in the implementation and management of the Banks operational risk program. We are looking for an experienced candidate (at least 8 years of experience in the financial industry), with a deep background and expertise in creating and managing the tools of an Operational Risk program for Santander Bank NA.The candidate will be part of a strong Operational Risk Management team that has a clear role in the Banks second lines of defense which provides management and the Board an independent and consolidate view of operational risk profile/exposure across the Bank. The candidate, in coordination with the Operational Risk business-aligned managers, will facilitate and challenging that the Banks first line of defense is appropriately managing, controlling and reporting its operational risk profile/exposure. This role will report to the Head of Operational Risk Policy and Methodology.The ORPMD will be responsible for playing a leading role in the creation, implementation and managing of the following elements of the Operational Risk program:Policy, procedures, standards and tool development Establishing Risk Appetite Training and Awareness Risk Assessment Scenario Analysis Key Risk and Early Warning Indicators Loss, Near Miss and Material Events
Responsibilities:
• Drive culture of operational risk awareness and develop / deliver operational risk training materials.
• Formulate, disseminate and administer operational risk management policies and procedures across the bank.
• Liaise with Santander headquarters to ensure corporate requirements are being met.
• Support the development and implementation of tools, techniques and processes across the Banks first line of defense.
• Execution of the annual risk control self-assessment process bank-wide.
• Execution of the scenario analysis process bank-wide.
• Participate in the development of bank-wide key risk and early warning indicators.
• Participate in the implementation of the departments reporting plan (all stakeholders).
Qualifications
• Bachelors or Equivalent.
• At least 8 years’ experience.
• Undergraduate degree (BBA or BS). Preferable area of study may have included accounting, finance, engineering, mathematics or science.
• Post-graduate degree and/or MBA a plus.
• Strong work management, organization and planning skills, based on an understanding of relevant processes and business needs.
• The candidate must have a strong knowledge of operational risk management principles and methodologies; along with a strong understanding of Basel requirements.
• Must have a strong knowledge of commercial banking risks and processes.
• Strong knowledge of technology risks and controls a plus.
• Strong skills in the use of Microsoft Office applications particularly Excel, Powerpoint and Access).
• Spanish language skills preferred but not required.
• Executive presence and communication skills.
• Combined experience in operational risk management (minimum 5 years) and amongst the following disciplines: 1)Auditing (internal or external) 2)Internal Control, 3)Compliance (or other Risk Management discipline) or 4)Management consulting.
• Other relevant experience will be considered on a case by case basis.
• Strategic thinking, paired with a track record of strong tactical execution in a leadership position.
• Integrity, combined with high personal and professional standards.
• Strong communication skills, both verbal and written.