The Associate, Commercial Field Examination position leverages their subject matter expertise in second line defense to improve existing processes and practices. S/he leads special risk mitigation projects and/or programs, business continuity and other incident response and security related activities supporting industry best practices, improved efficiency, effectiveness and risk reductions.
Complete detailed review reports of field examinations and workpapers, including recommendations for advance rates and eligibility, while also identifying potential risks to the Bank’s security position. Ensure adherence to the Bank’s procedures, processes, policies and standards.
Effectively communicate with agent banks to review submitted field exams, and with 3rd party providers of field examinations, to ensure compliance with all Bank requirements. Effectively communicate internally to ensure issues are properly addressed with Bank management, including any waivers or other approvals as may be required prior to final report issuance.
Oversee and manage field examination frequency level and other processes to adhere to Bank requirements.
Review and approval of vendor invoices relating to field examination as well as billing of internal examiners and monitoring to budget. Preparation of month end statistics and reporting results to management. Participation in Bank’s vendor management process as required.
Builds positive relationships with executives, managers and teams, while developing an understanding of the business and strategic initiatives
Coaches, reviews and delegates work to junior level professionals
Enhances governance processes in support of infrastructure builds and oversee strategic compliance / business solutions
Identifies enterprise trends, synergies, and opportunities for change
Influences others at an operational level regarding new concepts, best practices and approaches related to risk mitigation, risk identification and resolution, and/or risk management
Initiates change, integration, operationalization of new events
Leads special risk mitigation projects and/or programs, business continuity and other incident response and security related activities
Leverages subject matter expertise in second line to significantly improve existing processes and practices
Maintains a strong rapport with local risk teams to create a strong risk culture of performance and accountability
Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes., Represents organization as a primary contact for specific risk management projects and initiatives
Serves as a liaison between first and third lines of defense
Systematizes ad hoc reporting for line of businesses and team members to facilitate miscellaneous senior and executive management reporting and status updates as needed
Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.
Bachelor’s Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field required
Master’s Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience preferred
5 + years of Field Examination and review experience
5-9 years; Financial Services industry., 5-9 years; Risk, Commercial Operations, Internal Controls, or related experience
Ability to adjust to new developments/changing circumstances
Ability to analyze risk and design efficient control practices to minimize risk
Ability to lead, influence and direct peers, subordinates and management
Ability to quickly grasp complex concepts, including global business and regulatory matters
Advanced knowledge in regulatory reporting and compliances
Demonstrated subject matter expertise in second line identification and resolution
Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
Expertise in delivering high quality work products, reflecting attention to detail and analytical prowess
Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
Superior project management skills
Minimal physical effort such as sitting, standing, and walking
Brings out the best in each team member by consistently motivating and acknowledging peer contributions
Understands and leverages team dynamics
Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view
Ensures people receive the information they require, and brings the team together to share information
Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment
Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management
Fully accountable for timeliness, completeness, quality of projects, processes, products and services
Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results
Uses informal networks to gain support for ideas and projects
Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
Can identify functional and organizational implications associated with major trends
Designs solutions to address industry activities that impact the organization
Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
Understands end to end processes across the organization and how processes are integrated
Has a practical knowledge of regulations impacting area supported
