Associate, Portfolio,Management Associate, Portfolio,Management …

in Boston, MA, United States
Permanent, Full time
Be the first to apply
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Associate, Portfolio,Management

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Associate, Portfolio Management & Oversight Req ID: 2002858 Date posted 09/16/2020 Associate, Portfolio Management & Oversight - 2002858 Description

The Associate, Portfolio Management & Oversight supports the second line of defense by providing robust guidance, advice and challenge across the organization, helping to ensure portfolio risks are understood, owned and managed to the firm's risk appetite.

  • Acts as a liaison between third line of defense and first line of defense,

  • Ensures business activities and operations are in compliance with applicable policies, procedures and/or regulatory requirements.

  • Facilitates and improves the processes and monitoring of portfolios within specific risks areas (i.e., Credit) and terms of enterprise objectives (compliance and regulation.) Identifies enterprise trends, synergies, and opportunities for change within Risk.

  • Identifies potential risks and assesses impact, probability of occurrence and timeframe.

  • Implements quality controls and processes and determines resolution steps for quality issue, with escalation and reporting as required.

  • Investigates various risk inquiries, proposals, plans, and makes recommendations as directed by management or at own initiative.

  • Maintains a strong rapport with local risk teams to create a strong risk culture of performance and accountability.

  • Maintains abreast emerging risk trends and best practices; summarizes and communicates findings with team.

  • Presents comprehensive risk exposures and recommends process improvements and best practices for implementation to senior management.

  • Shares knowledge, coaches, and develops staff capabilities to strengthen understanding of industry and business issues and best practices for implementation.

  • Supports the business and provides robust guidance, advice and challenge across the organization, helping to ensure reporting requirements are understood, owned and managed to the firm's risk appetite

  • Acts as a subject matter expert (SME) while providing guidance, and mentorship to other team members.

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

  • Bachelor's Degree; Accounting, Business, Statistics, Risk Management, Finance, Economics or equivalent field required

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

  • 5-9 years; Financial Services industry experience

  • 5-9 years; Credit Risk (Monitoring/Underwriting/Credit Analysis), Internal Controls, or related experience. Business Banking experience preferred.

  • Ability to adjust to new developments/changing circumstances.

  • Ability to analyze risk and design efficient control practices to mitigate risk.

  • Ability to build and foster internal relationships.

  • Ability to convey a sense or urgency and drive.

  • Ability to lead, influence and direct peers, subordinates and management.

  • Ability to multi-task and meet strict deadlines.

  • Advanced knowledge of risk management best practices and how to implement them.

  • Advanced knowledge of risk management practices, identification, resolution and implementation.

  • Commercial awareness.

  • Demonstrated problem-solving and analysis skills with attention to detail.

  • Detail orientated with the ability to also understand overall strategy.

  • Strong analytical, problem solving and critical thinking skills.

  • Strong critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.

  • Strong project management skills.

  • Strong written and verbal communication skills.

  • Strong knowledge of Microsoft Office suite

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

  • Communicates in a timely and straightforward manner.

  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions.

  • Keeps everyone involved informed about progress and issues.

  • Communicates the importance and benefits of risk management to counterparts.

  • Displays natural skepticism and curiosity to question the status quo and uncover issues.

  • Adheres to a good root cause analysis process.

  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change Provides assistance and coaches less experienced team members.

  • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results.

  • Knows the relationship and impact of actions and results.

  • Has an understanding of regulations impacting area supported.

  • Follows through to meet commitments to others Takes responsibility for achieving strong results, despite balancing multiple complex demands.

  • Knows who to reach out to inside and outside of one’s team to get work done.

  • Takes action to enhance working relationships needed to achieve seamless work flow.

  • Stays current with industry and regulatory trends and emerging risk issues.

  • Has good understanding of current market and competitive landscape that the organization operates within.

  • Uses information and data effectively to support a position and present a rational case

Job : Risk Management Primary Location : Massachusetts-Boston-75 State Street - 06366 - State Street-Corp Other Locations : Massachusetts-Boston Organization : CRO (8855) Schedule : Full-time Job Posting : Sep 16, 2020, 7:29:36 PM Share this job
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