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Director, Business Control & Risk Management - Unsecured Lending - Auto

Apply Req ID: 2004135 Date posted 12/03/2020
Director, Business Control & Risk Management - Unsecured Lending - Auto-2004135

Description

Ensures a sound operational and compliance control environment through the establishment of a system of internal controls. The Director, Business Control & Risk Management - Unsecured Lending - Auto provides strategic business leadership around key activities within the business related to identifying, assessing, mitigating, and managing risk and ensures the existence of appropriate product and platform supervisory controls. The primary responsibility of the Director is the improvement of the control environment in the Line of Business (LOB). Oversees and evaluates the various components of the business and operating functions across the collective and individual businesses. S/he evaluates the industry, market, and regulatory environment to anticipate changes and help ensure appropriate alignment with potential business scenarios. Additionally, the Director leads a team that works to identify, assess, and action various risks throughout the assigned business lines by executing defined multiple risk programs. This role will lead governance routines to report and escalate as necessary to executive management or corporate risk partners while driving to institutionalize a cultural awareness of risk management practices and interacts with all lines of internal risk management peers including other first lines of defense teams, corporate risk functions, and internal audit.

Responsibility Statements:

  • Analyzes risks related to new or modified products and business activities and assess controls for mitigating risks
  • Completes the risk assessment with the SME
  • Continuously monitors sources of risk within LOB KRIs, KPIs, QC functions, control testing, losses, fraud, incidents, and industry events
  • Identify control or P&P updates
  • Contributes as a senior leader in Risk and Compliance in the formulation of strategy and tactics to meet organizational goals for client satisfaction, timeliness, quality, financial results, and employee engagement
  • Creates and executes a framework for staying informed and current on the risk appetite and metrics of peer organizations and industry leaders, and incorporate findings as appropriate into Regional Bank risk management disciplines and approaches
  • Creates and manages an escalation process for constructive engagement with the Second and Third Lines of Defense regarding differences or conflicts in operational risk appetite, risk metric determination or evaluation, issue severity, or other areas of dispute
  • Directs staff of operational risk management professionals to partner with a wide variety of lines of business in the creation, assessment, monitoring, controlling, mitigation, and reporting of non-credit risks, metrics, controls, and issues to achieve risk management organizational goals in alignment with enterprise policies and procedures
  • Documents change management risks, controls, and readiness for change initiatives (NPBA)
  • Drives key risk initiatives; Retail Product Governance, Digital Straight Through Processing, Gap Analysis, FCRA, Deposit Recon, Mortgage Bankruptcy Statements, CDD, Payments, GL Recon
  • Drives Issue identification and remediation
  • Engages business on key industry or regulatory events and trends
  • Keeps LOB Head informed on the status of program execution and emerging risks
  • Leads analysis of key risks and regulatory deficiencies, elevates risk issues, breaches, and solutions, and supports remediation work
  • Leads and coaches team members to ensure all activities and deliverables achieve their timeliness, quality, and accuracy service levels
  • Leads team members in their collaboration with the leadership of Operational Risk Services to schedule, tailor, guide, and approve its activities and deliverables to meet the needs of each line of business
  • Monitors, tracks, and reports on issue remediation
  • Negotiates role and responsibility assignments (including cost allocations) between R&C and the lines of business to improve efficiency while addressing individual business capabilities and product/service offerings
  • Plan annual compliance training with SL & LOB
  • Provides guidance on updates to procedures
  • Reviews risk metrics and reporting with LOB., SME for program requirements, processes, systems (process mapping, testing, disaster recovery planning, TPRM oversight)
  • Works with LOB to identify, update, and prioritize key business processes (RCSA).

Qualifications

Education:

Bachelor's Degree; Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field, Master's Degree; Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field.,or equivalent work experience

Work Experience:

12-15 years; Risk Management., Previous management experience.

The ideal candidate will have experience in Auto Finance but not required. 

License Certification:

Risk Certification

Skills and Abilities:

  • Ability to drive results and meet deadlines to reduce risks
  • Ability to interpret rules and regulation to influence business decision-making
  • Analyze highly complex business issue by incorporating the company and industry knowledge and sound analytical processes
  • Ability to manage complexity, including in troubleshooting problems or in developing process or other solutions
  • Ability to understand complex technical systems and the business processes they support; synthesize the corresponding risks and controls and recommend adjustments
  • Demonstrated knowledge of operating in a regulated entity
  • Demonstrated people leadership experience, either through direct leadership or coaching/mentoring role
  • Excellent communication skills, including an ability to influence stakeholders across the organization, to speak effectively in small and large-group settings, and to write clearly in internal memos, presentations, and e-mails
  • Strong ability to lead, partner, and influence across all leadership level,
  • Strong attention to detail in a fast-paced work environment

Physical Demands:

Minimal physical effort such as sitting, standing, and walking.

Competencies:

  • 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 direct 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 the 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 assess 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 the 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

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.  We actively encourage everyone to apply.

Job

:Business Control

Primary Location

:Massachusetts-BOSTON-75 State Street - 06366 - State Street-Corp

Organization

:Consumer & Business Banking (1001)

Schedule

:Full-time

Job Posting

:Dec 9, 2020, 3:01:06 PM

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