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Form of workThe Sr. Associate will independently review and challenge Liquidity Risk management processes and practices ensuring adherence to laws and regulations and to policies and procedures established by the company. Control and monitor Liquidity Risk limit framework compliance and its ongoing maintenance and change management process.
Essential Functions/Responsibility Statements:
- Lead several workstreams of the Annual Independent review and Internal Liquidity stress testing challenge.
- Participate in the limits calibration process and provide independent review of the Liquidity Risk management framework.
- Report to governance groups and senior management and maintain clear documentation of oversight processes.
- Oversee and communicate the limit exceptions (excess communication) to senior management and the business; analyze the excesses and risk levels for decision-making process of corporate and local senior management, internal audit and financial risk and the business.
- Participate in the strategic planning and budget process to provide timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes.
- Update the policies and regulations to ensure emerging risks are identified and to ensure emerging risks are identified and to recommend actions to reduce risk exposure.
- Participate and perform a post-mortem assessment on table-top and CFP tests (focusing on unattended risks).
- As applicable, contribute to regulatory examinations, internal audit reviews and other remediation efforts.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree in economics, finance, or other related field required.
- Master’s degree in economics, finance, or other related field, with quantitative background a plus.
- Analytical background and good knowledge of quantitative methods applied to finance.
- Experience in Category I or II banks and/or regulatory practice a plus.
- Work Experience: 8+ years with previous experience in Liquidity Risk Management (Treasury) or Liquidity Risk Oversight at a banking organization.
Skills and Abilities:
- Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
- Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions and geographies.
- Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
- Ability to adjust to new developments/changing circumstances.
- Ability to direct, train and guide peers, subordinates and management.
- Effective verbal and written communication skills.
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
$113,000.00 - $185,000.00
Diversity & EEO Statements: 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.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Primary Location: Boston, MA, Boston
Other Locations: Massachusetts-Boston,New York-New York
Organization: Santander Holdings USA, Inc.
