USA Associate, Business Management (037CI1)

USA Associate, Business Management (037CI1)

Country: United States of America

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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.

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USA Job Function Description: We are seeking an experienced and highly skilled individual to join the CFO organization of our Corporate & Investment Banking (CIB) division in the US. The day-to-day activity of the ACPM team is heavily focused on decision making at origination and close interaction with the front office teams. The candidate will be responsible for strategic planning, assessment, with a particular focus in regulatory capital including Risk Weighted Assets (RWA) optimization. The candidate will oversee the regulatory capital budgeting and management process including the alignment of the business decision making process to optimize the Return on Capital, the development of new products under a capital optimization lenses and the management of CIB’s balance sheet to ensure that the RWAs of the division are optimized. The ideal candidate should possess a comprehensive understanding of regulatory capital frameworks, including the Basel rules, advanced financial expertise, deep understanding of CIB products (both in the banking and the markets books) leadership skills and persuasion abilities, and strong analytical skills.

Essential Functions/Responsibility Statements:

• Strategic Planning – Capital allocation and forecasting: Develop, implement, and update long-term strategic plans related to regulatory capital management, with a specific focus on RWA optimization, in line with the bank's corporate and investment banking activities and objectives.

• Support to deal structuring and pricing across products.

• Regulatory Compliance: Ensure adherence to relevant regulatory requirements, capital adequacy ratios, and compliance guidelines both in the United States and Europe, in accordance with the Basel regulatory capital rules.

• Policy Development: Develop and maintain comprehensive policies and procedures governing regulatory capital management, incorporating regulatory guidelines and best practices from both the U.S. and European financial regulatory bodies.

• Risk Assessment: Oversee the identification, evaluation, and management of all risks associated with regulatory capital, with a particular focus on RWA, to ensure compliance with regulatory and internal requirements.

• RWA Optimization – Capital relief (SRTs Structuring / CDS) and liquidity optimization initiatives: Identify opportunities to optimize RWA calculation methodologies, review exposure types, and assess risk mitigation strategies to enhance the bank’s regulatory capital position. This will include a close understanding of the applicable rules and quantitative models applied to the computation of RWA.

• Analysis: Establish effective reporting systems to provide accurate and timely information on regulatory capital levels, analyzing the bank's capital adequacy with respect to RWA, and presenting findings to senior management, regulators, and board members.

• Strengthen Decision-making: Collaborate with senior management to enhance the decision-making process by providing comprehensive analysis and insights into regulatory capital implications for corporate and investment banking activities.

• Relationship Management: Cultivate strong relationships with internal stakeholders, including senior management, risk management teams, finance, and compliance departments, while maintaining effective communication and collaboration across regions and functions.

• Regulatory Engagement: Serve as the primary point of contact for regulatory audits, examinations, and inquiries relating to regulatory capital management. Maintain current knowledge of regulatory changes and upcoming requirements in both the U.S. and European markets.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed bel