Sr. Associate, Business Control & Risk Management

Santander Bank; Quincy (MA); On-site; USD 86,250 - 155,000; Full time

Job summary

Santander Bank is seeking a Sr. Associate in Risk Management to support the First Line of Defense by driving risk practices and embedding control awareness in the business lines. The role emphasizes collaboration with risk stakeholders and ongoing improvement of risk controls across the enterprise.

The candidate will engage in risk assessments, KPI/KRI development, issue remediation, and regulatory/exam support while operating in a fast‑paced, dynamic environment in Quincy, MA.

Qualifications

• Bachelor’s Degree or equivalent work experience: 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.
• 9 Years Risk Management, Internal Controls, relevant line of business experience and/or legal or regulatory experience.
• 5 Years Business Unit experience in risk management or compliance.

Responsibilities

• Drive Risk Culture by raising awareness of risk frameworks, policies and standards within the business line.
• Maintain communication with SLoD and Business Lines.
• Ensure adherence to risk frameworks, policies and standards and provide input on framework reviews.
• Monitor risk indicators and controls, identify negative trends, and report risk to leadership.
• Support risk identification, assessment, and remediation across business lines and processes.
• Liaise with business lines for exam-related activities including regulatory or internal audits.
• Execute risk programs including RCSA, Issues Management, Scenario Analysis, and Loss Management.

Skills

Risk management

Information security

Analytical thinking

Project management

Stakeholder influence

Independent work

Education

Bachelor’s degree or equivalent

Master’s degree

Job description

Sr. Associate, Business Control & Risk Management

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!

The Difference You Make

The Sr. Associate, Business Control & Risk Management operates within the First Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework. The incumbent is expected to champion the Business Control mandate as a critical business partner guiding stakeholders to embed risk management practices in the 1st line. The Sr. Associate serves as a subject matter expert by advising and guiding risk initiatives such as risk assessments, KRI/KPI development and monitoring, working with the business line to proactively self-identify issues, and ensure on‑time remediation of issues.

• Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
• Communication: Maintain communications with SLoD and Business Lines.
• Adherence to Risk Frameworks, Policies, and Standards: Partner with SLoD to provide input/review of frameworks, policies and standards. Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards. Report and escp??? [fault?]
• Continuous Monitoring: Continuously monitors all sources of risk existing within the Business Line and externally. Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line. Understand where operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks. Monitor Key Risk, Key Performance, and Control Performance Indicators and report on negative/adverse trends in Business Line. Monitor risk profile to maintain tolerance within Risk Appetite.
• Issue Identification, Management, and Risk Assessment: Support RCSA responsibilities including Metric to Risk and Control Mapping and Heracles data/input. Engage and hold Business Line process owners accountable to identify and assess risks. Support Business Lines in risk identification (e.g. NPBA, change management, etc.) Ensure all issues (Self‑Identified, IA, Credit Risk Review or Regulatory) pertaining to the Business Line metrics are resolved within established timelines. Validate issues to ensure Business Line remediation is sufficient to address root cause and prevent recurrence.
• Exam Management: Liaison with the Business Line for all exam related activities related to metrics including regulatory, Internal Audit and Credit Risk Review.
• Manage and execute risk related activities and routines as part of the following operational risk programs: Risk and Control Self‑Assessment (RCSA), Issues Management, Scenario Analysis, Top Risk, Material Risk Program, Event Escalation, Loss Management and Application Inherent Risk Assessment.

What You Bring

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bachelor’s Degree or equivalent work experience: 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.

9 Years Risk Management, Internal Controls, relevant line of business experience and/or legal or regulatory experience.

5 Years Business Unit.

• Demonstrated experience executing risk projects across multiple business lines offering a wide variety of financial services products and services.
• Advanced knowledge of Information Security processes including, not limited to, network security, operations system security, Cloud security, and vulnerability management.
• Demonstrated thought leadership and application of operational risk identification and mitigation practices and procedures.
• 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.
• Demonstrated judgement in escalation, ensuring risk‑based clear line of sight for senior executives into existing and emerging issues/incidents.
• Ability to build credibility with, collaborate with, and influence line of business executives.
• Excellent analytical and complex problem‑solving skills.
• Superior project management skills.
• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees.
• Ability to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levels.
• Ability to anticipate the impact of regulatory and other environmental factors and proactively take action to ensure the team/function/enterprise is prepared.
• Ability to build internal and external networks of information resources within the risk management ecosystem.
• Ability to work with limited oversight from manager.
• In depth research and analysis skills for more complex and critical data, interpret and communicate industry trends.

It Would Be Nice For You To Have

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

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:

$86,250.00 USD

Maximum:

$155,000.00 USD

Link to Santander Benefits:

Santander Benefits – 2025 Santander OnGoing/NH eGuide (foleon.com)

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.

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 [e-mail] to discuss your needs.

Primary Location

Quincy, MA, 1 Enterprise Drive-Quincy-Corp

Other Locations

Massachusetts-Quincy

Organization

Santander Holdings USA, Inc.