Enterprise Risk Management Analyst, Santander

Corporate & Investment Banking

$72-120.8k

Mid and Senior level

New York

Retail and commercial bank

Job no longer available

Retail and commercial bank

1001+ employees

B2CB2BBanking

Job no longer available

$72-120.8k

Mid and Senior level

New York

1001+ employees

B2CB2BBanking

Company mission

To help people and businesses prosper.

Job

Company

Role

Who you are

Bachelor's Degree or equivalent work experience
3-5+ years in Risk Management or relevant work experience
Advanced understanding of key inherent risk and risk management control practices to perform periodic analysis with critical reasoning for high management reporting
Demonstrated practical and theoretical knowledge of market risk principles, concepts and policies
Strong quantitative capabilities and analytical skills, including an investigative mindset
Strong problem-solving and critical thinking skills
Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills
Strong verbal and written communication skills
Ability to build and foster internal relationships

What the job involves

The Analyst - Enterprise Risk Management (ERM), CIB is responsible for various activities relating to risk management performance. S/he works to identify, assess and action various risks throughout the assigned business line by executing defined risk programs. Additionally, the incumbent executes, reviews, or evaluates controls via a quality program and participates in initiatives and recommends opportunities for improved efficiency, effectiveness and/or risk reduction
Ensures adherence to the policies and procedures established by the company
Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies
Monitors and manages risk/exposure and compliance with the company's policies
Identifies, manages, and reports on the company's risk areas
Evaluates the adequacy and effectiveness of data, document retention, and monitors systems
Identifies and assesses various risks throughout the assigned business line by executing defined risk programs
Executes, reviews, or evaluates controls via a quality program and participates in initiatives and recommends opportunities for improved efficiency, effectiveness and/or risk reduction
Reports (MIS and engagements) and escalates as necessary to risk management team (including 2nd line of defense)
Helps drive cultural awareness and education of risk management practices

Our take

Santander serves 14 million UK customers as a retail and commercial bank. Despite a mixed history, including issues with call centre service, mis-selling PPI, and anti-money laundering control failures between 2012 and 2017, Santander continues to thrive by focusing on innovation, digitalisation, and sustainable, responsible growth.

Recently, Santander has enhanced its digital and mobile services to meet the needs of modern banking customers. This includes the My Home Manager app, which provides mortgage customers with a centralised platform for their information, and increased fraud alerts to protect less digitally literate customers as they transition online. These efforts aim to connect physical and digital channels for a seamless customer experience, positioning Santander to better compete against digital banks like Monzo and Starling.

In addition to these digital advancements, Santander has joined forces with Iberpay in Spain to become inaugural participants in the European Payments Council’s One-Leg Out Cross-border Transactions Instant Scheme (OCT Inst). This initiative is set to introduce global instant transfers, further emphasising Santander's commitment to innovation and enhancing its service offerings in the digital banking landscape.