USA Sr. Associate, Market Risk

Company: Santander Holdings USA Inc
Location: New York
Posted on: May 13, 2025

Job Description:

USA Sr. Associate, Market RiskCountry: United States of AmericaYour Journey Starts Here:Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!USA Job Family Description: Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.USA Job Function Description: 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.Essential Functions/Responsibility Statements:Control and oversee market risks, by analyzing Market Risk reports; Communicate with the corporate and local senior management, Audit and the business about the risk levels for the decision-making process.Oversee and ensure the development and implementation of short-term projectsDevelop and oversee the reporting for the various corporate entities such as Committees, Board of Directors, Auditors as well as the notes to the financial statements in order to support decision-making of corporate and local senior managementOversee and communicate the limit exceptions (excess communication) to senior management and the business; analyze the excesses and risk levels in the Market Risk reports for decision-making process of corporate and local senior management, internal audit and financial risk and the business.Organize and implement upgrades in Risk System (to apply the systematic updates and to optimize the batch process) with the Support team, and Methodology; Make decisions about the plan of tests on the system in order to improve efficiency in analyzing the reports for risk metricsOversee the tests of valuation models in the Risks System through product analysis and identification of necessary inputs for the valuation; Ensure correct valuations and risk measurements for the products and positions taken by the businessQualifications: 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.Education:Bachelor's Degree or equivalent work experience: Business, Finance, Management, or equivalent field. ReqWork Experience:9+ Years Risk Management/Controls ReqSkills and Abilities:Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.Advanced market risk, process, and control validation and/or assessment skills.Ability to direct, train and guide peers, subordinates and management.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 convey a sense of urgency and drive issues/projects to closure.Ability to effectively interact with the market, executive management and vendors.Ability to adapt and adjust to multiple demands and competing priorities.Excellent written and oral communication skills.Excellent analytical, organizational and project management skills.Strong project management skills.Risk Culture:We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.EEO Statement: At Santander, we value and respect differences in our workforce. 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.Working Conditions:Frequent minimal physical effort such as sitting, standing -and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.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 your employment at any time for any reason.What To Do Next:Review the internal eligibility guidelines . If this sounds like a role you are interested in, then please apply.We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at to discuss your needs.

Primary Location: -New York, NY, Madison Ave Corp
Other Locations: -New York-New York
Organization: -Banco Santander S.A.Salary: $120,000 - $205,000/year

Keywords: Santander Holdings USA Inc, Newark , USA Sr. Associate, Market Risk, Accounting, Auditing , New York, New Jersey