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Risk Manager
Banco Santander
Boston, MA, United States
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Description
Position Summary:
Responsible for managing the various activities relating to risk management performance within a single risk domain within a single business line. The individual will manage a team that works to identify, assess and action various risks throughout the assigned business line by executing a defined risk program. The manager role will oversee the evaluation of processes, review internal control/ quality reports and participate in initiatives and lead opportunities for improved efficiency, effectiveness and/or risk reduction. This role will hold governance routines to report and escalate as necessary to executive management or corporate risk partners while driving to institutionalize a cultural awareness of risk management practices. The manager will also be source of risk management knowledge who will coach his team and business partners to educate and offer advice/ guidance. This role will also interact will all lines of internal risk management peers including other first line of defense teams, corporate risk functions and internal audit.
Position Duties:
• 1B the business product/ structure.
• 2B tracked to completion. Successful influence toward quality improvement with business line management is essential, which will also require coaching into their risk team.
• Participate in risk management proactive exercises either sponsored by 2nd line of defense or within division's risk program.
• Responsible for all aspects of people management such as selection and hiring, performance management, coaching, recognition and retention.
• 1A Manage risk program execution aligned to a single business line/ risk domain to meet defined schedules, and provide guidance to analyst team. Role may independently translate risk director's program into an executable version as necessary to fit
• 2A Contribute as necessary to ensure team's quality assurance goals are delivered timely and are reviewed to meet quality requirements. The role will ensure a consistent product is delivered and actions are.
• Act as a risk management knowledge resource who enhances corporate training adherence through coaching exercises within a single business line and recommend enhanced training opportunities.
• Challenge risk teams to innovate and expand risk metric program to yield best portfolio coverage/ management. This includes demonstrating the value added to the business management and will entail influencing multiple levels of management.
• Consult (and influence corrections) with management regarding risks, exposures or control profiles and maintain contact with 2nd LOD peers to help define communications of risk culture/ tolerances. Implement design corrections/ improvements as needed.
• Execute a single risk based governance routine to a single business line and attend similar first line of defense's governances.
• Lead the development of risk management strategies that drive identification, quantification and mitigation of risk within the business, while providing acute depth of knowledge or influence.
• Manage a single business line team that collects and documents metrics into reports and challenge/ resolve or escalate identified anomalies.
• Manage the relationship, within a single business line and risk, between similar other first line of defense risk teams as well as contribute to satisfy Internal Audit demands.
Qualification:
• MBA preferred. Demonstrate the ability to perform at proficient level of competence to meet duties.
• Prev mgmt exp pref but not required
Experience:
• At least 7 years
License/Certification:
• Risk certification preferred, or willingness to obtain.
Specialized Knowledge:
• Effective decision making skills on complex matters; ability to mentor and lead team members and identify skill gaps.
• Sound understanding and experience of implementation dependencies to include execution and risk factors.
• Strong communication skills to assist in influencing and directing a team and/or collaborating with various stakeholders.