VP, Liquidity Risk Oversight

VP, Liquidity Risk Oversight

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 VP, Liquidity Risk Oversight monitors the liquidity risk metrics operates within Liquidity Policy guidelines and limits. This position will develop and implement all Regulatory and Corporate Liquidity Policy standards for market risk activities, lead discussions with management, and compare the Company risk profile against industry information.

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.

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.

• Work Experience: 9+ 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.<