CIB Business Controls & Risk Management – Associate

CIB Business Controls & Risk Management – Associate

Requirements

• Knowledge of the financial services sector, particularly the products and services of a commercial or investment bank.
• Advanced understanding of the regulatory environment and how the risks of the products and services the bank offers are viewed by the Second Line of Defense and regulators.
• Understanding and demonstrated application of operational and/or enterprise risk identification and mitigation practices and procedures.
• Able to effectively engage in communication with executive management, regulators, and other team members across the Santander US and CIB.
• Ability to develop a mentoring culture with both senior experienced team members and junior staff.
• Strong project management skills.
• Ability to build internal and external networks of information resources within the risk management ecosystem.
• Operational Risk Management Experience.
• Experience in gap or risk analysis.
• High sense of urgency with ability to drive results.
• Effective multi-tasking and prioritization skills.
• Ability to handle diverse workload and tight schedule.
• Solid time management and organizational skills.
• Bachelor’s Degree or equivalent work experience: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.

Responsibilities

• Assist in maintaining and updating risk and control inventories and process maps/workflows.
• Support the execution of periodic risk assessments across investment banking lines under the direction of Business Control Officers (BCOs) and RCSA leads.
• Log, track, and support remediation of operational risk events, near misses and financial losses.
• Assist in deployment of the issue management program, including monitoring of corrective actions and reporting to various committees.
• Facilitate scenario analysis exercises in coordination with business units and BCO, documenting key assumptions, impacts, and mitigation strategies.
• Support the BCOs in the execution of the firm’s Material Risk Identification and Assessment (MRIA) program and Reputational Risk program.
• Assist in the development and refinement of key risk indicators (KRIs), and monitor thresholds to identify emerging trends and trigger appropriate escalation.
• Participate in the development of and delivery of risk training materials for key Operational Risk, Enterprise Risk and testing programs across the investment banking teams.
• Perform control testing across non-financial risk domains (including AML) as part of the firm’s RCSA framework, focusing on control effectiveness evaluation.
• Execute validation testing of issue remediation for self-identified, second line, and regulatory findings to ensure complete and sustainable resolution and closure.
• Support quality control efforts across RCSA and issue validation workstream to ensure consistency, accuracy, and alignment with internal standards.
• Prepare reports and support the development of audit-ready materials for governance meetings and risk reporting.

Preferred Qualifications

• Master’s Degree: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.