Sr. Associate, Liquidity Risk
Country: United States of America
Your 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.
Liquidity risk is the independent review function responsible for identifying, quantifying and managing the Liquidity Risk of the firm. The team works closely with corporate treasury, operations, audit, etc. as well as the broader risk organization to provide independent risk assessment and oversight of the firm's liquidity risk position and to ensure compliance to European and US regulations, supervisory notes, and industry standards.
The Liquidity Risk Sr. Associate will manage the review and challenge oversight functions of several key liquidity risk processes. Lead design of liquidity programs, including defining Policy and Procedure requirements. Excellent communication skills required to negotiate internally, often at senior levels. Communicate about risk levels and provide support to senior management, Audit, Treasury and Financial Risk at corporate and local level in the decision-making process.
Job Description
Three opportunities available in the Santander US Market Risk department, each opportunity focus will be on either: Governance & Initiative Management, Liquidity Stress Testing Oversight, or Regulatory Reporting, Cashflow Forecasting & Intraday Liquidity Management.
- Manage Risk Identification & Assessment (Risk ID) and Emerging Events process and reporting that is comprehensive, efficient, structured and integrated with key market risk processes such as Liquidity Stress Testing and Contingency Funding Planning.
- Risk Limit Governance: setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation.
- Stress Testing: methodology development, assumption review and approval and risk measurement via sensitivity analysis.
- Analytics: measurement, analysis, and reporting of risk measures including US and European risk metrics, development of tools for risk calculation and alternative views; governance of data quality and completeness controls.
- Perform and enhance reporting to head office, governance committees, senior management, and maintain clear documentation of oversight processes.
- Review intraday and collateral management reporting performed by 1st line of defense to ensure appropriate levels and that regulatory and industry best practices are in place.
- 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.
- Oversight of cashflow forecasting including review of assumptions, Backtesting, and investigation cashflow breaches.
- Contribute to ongoing initiatives and regulatory examinations, internal audit reviews and other remediation efforts.
- Build and maintain a robust governance framework (policies & procedures) ensuring the banks adherence to regulations, supervisory notes, and best practices.
- Build and manage a market risk issue management framework.
Qualifications:
- 5+ years with previous experience in Liquidity Risk Management (Treasury), Liquidity Risk Oversight, or related areas at a banking organization.
- Bachelor's degree in economics, finance, or related field, or equivalent relevant work experience required.
- Master's degree in economics, finance, MBA, or related field, with quantitative background a plus.
- Analytical background and good knowledge of quantitative methods applied to finance.
- Experience in US and European liquidity risk standards a plus.
- Experience in Category I or II banks and/or regulatory practice a plus.
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 interact with and build relationships with people from different departments and levels of seniority
- Ability to adjust to new developments/changing circumstances.
- Strong verbal and written communication skills.
- QRM, Power BI, SQL experience a plus.
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 to discuss your needs.
Primary Location: Boston, MA, Boston
Other Locations: Massachusetts-Boston,New York-New York
Organization: Santander Holdings USA, Inc.
Salary: $120,000 - $205,000/year