Associate, Liquidity Risk

Company: Santander Holdings USA Inc
Location: Boston
Posted on: May 13, 2025

Job Description:

Associate, Liquidity RiskCountry: United States of AmericaYour 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 Associate will independently review and challenge Liquidity Risk management processes and practices ensuring adherence to laws and regulations and to policies and procedures established by the company. Control and monitor Liquidity Risk limit framework compliance and its ongoing maintenance and change management process.

• Lead several workstreams of the Annual Independent review and Internal Liquidity stress testing challenge.
• Participate in the liquidity risk limits calibration process and provide independent review of the liquidity risk management framework.
• Refine FTP methodologies through a formal review and challenge process.
• Lead the review and challenge process of monitoring limits for liquidity, inclusive or Risk Identification.
• Oversee and communicate the limit exceptions (excess communication) to senior management and the business; analyze the excesses and risk levels for decision-making process of corporate and local senior management, internal audit and financial risk and the business.
• Participate in the strategic planning and budget setting process providing timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes.
• Establish policies and procedures in accordance with regulations to ensure Liquidity is prudently managed.
• Coordinating committee deliverables and effectively contributing to ERM led -programs such as Material Risk Program "MRP" and New Product and Business Approval "NPBA".
• Identify emerging risks and to recommend actions to reduce risk exposure.
• Report to governance groups and senior management and maintain clear documentation of oversight processes.
• Participate and perform a post-mortem assessment on table-top and Contingency Funding Plan "CFP" tests (focusing on unattended risks).
• As applicable, contribute to regulatory examinations, internal audit reviews and other remediation efforts.
• Oversight of Intraday Liquidity and Collateral Management including monitoring and ensuring compliance with regulatory standards and industry best practices.
• Independent review and challenge of the cashflow forecasting production processes, methodologies, and assumptions.
• US Liquidity Reporting Oversight including review and challenge of the FR 2052a production process.
• European Regulatory Reporting including Daily and Weekly LCR while maintaining Head Office mandates and Corporate Projects.Qualifications:
  • Work Experience: 5+ years with previous experience in Liquidity Risk Management (Treasury) or Liquidity Risk Oversight at a banking organization.
  • Education: Bachelor's degree in economics, finance, or another related field required or equivalent relevant work experience.
  • Master's degree in economics, finance, MBA, or other related field, with quantitative background a plus.
  • Professional designation (ex: CFA, FRM) a plus.
  • Analytical background and good knowledge of quantitative methods applied to finance.
  • Experience in Category I or II banks and/or regulatory practice a plus.Skills and Abilities:
    • Excellent problem solving, analytical, organizational, written, and oral communication skills.
    • Strong project management and planning skills.
    • Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, and geographies.
    • Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
    • Ability to adjust to new developments/changing circumstances.
    • Ability to direct, train and guide peers, subordinates, and management.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 . 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-BostonSalary: $90,000 - $155,000/year

Keywords: Santander Holdings USA Inc, Westfield , Associate, Liquidity Risk, Accounting, Auditing , Boston, Massachusetts