Risk Management Director

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:
The Santander Securities LLC Risk Director oversees the development and adaptation of the target operating model and risk governance, ensuring business unit risk management accountability, implementation and maintenance of a robust risk process and consistent risk governance structure across the designated business. S/he leads the risk management and related risk analytical activities and ensures that risk-taking is well-controlled and undertaken according to the parameters articulated in the Enterprise Risk Management Framework, and executes risk policies and the Risk Tolerance Statements. The incumbent oversees teams of risk officers to: Identify, assess, measure, monitor, aggregate and report on risks. The Risk director will have a hierarchical reporting line to the SSLLC CEO and a functional reporting line to the US Wealth

Chief Risk Officer.

S/his main responsibilities include:
•    Oversee the development and adaptation of the target operating model and risk governance, ensuring business unit risk management accountability, implementation and maintenance of a robust risk process and consistent risk governance structure.
•    Develops, reviews and revises risk policies or material changes to those policies, procedures and practices within the business units prior to their final implementation.
•    Effectively delegates ownership of the respective Enterprise Risk Management Frameworks for each respective risk function, the associated risk management policies, standards and associated procedures.
•    Escalates risk issues to the related risk committees, the Risk Forum, the Business Forum, and when appropriate, the Board of Directors, as necessary.
•    Chair the New Products and Business Activities Forum.
•    Attend and provide challenge at the SSLLC Business Forum, Conflicts and Fiduciary Risk Forum and Client Review Forum, as well as CUSO committees.
•    Maintain strong and stable second line oversight over SSLLC, providing independent challenge and risk perspective.
•    Ensures adequate, effective and efficient management of risk exposures within the agreed risk tolerances recommended by Management and approved by the Board or by the Combined US Operations (“CUSO”).
•    Meets regulatory expectations to the extent applicable, with special focus on SEC and FINRA regulatory requirements.
•    Coordinates risk with strategic planning activities to ensure organizational consistency with risk related requirements including applicable laws and regulation.
•    Support the development of the business through identifying and assessing risks in new products, initiatives and business strategy.
•    Ensures that Risk Management adequately supports adherence to all regulatory requirements and ensures their integration into risk and business processes.
•    Perform and/or oversee tasks related to the Enterprise Risk Management function (Material Risk Program, Risk Appetite, Risk aggregation and reporting, review materials for SSLLC Risk Forum, CUSO ERMC and risk-related matters for the SSLLC Board of Directors, monitoring KRI’s, etc.). 
•    Sponsors and/or monitors strategic projects and programs related to risk management.
•    Continue to enhance and refine the SSLLC Risk Framework and programs ensuring adequate coverage of key risk areas and ongoing adoption/maturation of CUSO risk policies, standards and programs.

What Else You Need To Know:

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.

Base Pay Range:

Minimum:

Maximum:

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 here. 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 TAOps@santander.us to discuss your needs.