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Risk Analyst
Banco Santander
Boston, MA, United States
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Description
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.
The Commercial Bank’s Risk Management 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
• Summarize results for each Business Unit and Commercial Banking
• Present results to functional or business manager, and first line risk management
• Support risk managers to identify, develop and document findings and corrective action plans, for noted trends or deficiencies
• Partner with risk managers to enhance or implement controls to address deficiencies
• Develop proficiency in the Bank’s in-house Governance, Risk & Control management system
• Execute testing to comply with SOX, Bank mandated policies and Internal Audit recommendations
• Participate in special projects as directed by the risk manager or Head of Quality Control
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.
Qualifications
• A minimum of a Bachelor’s Degree or Equivalent is required
• 1-3 years of experience in a Banking / Finance Organization and / or Internal Audit / Consulting
• Experience in Risk & Control Self assessments, control frameworks, SOX / Operational Risk Control strongly preferred
• Proficiency with Microsoft Office Suite including Excel, PowerPoint, Word, and Visio
• Ability to build positive relationships with team members across the organization
• Strong analytical and problem solving skills
• Strong oral and written communication skills