Swap Dealer Regulation Controls & Operational Oversight - VP

Swap Dealer Regulation Controls & Operational Oversight - VP

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:

You will be responsible for the execution of day-to-day controls related to the Swap Dealer (e.g. Dodd Frank/EMIR/MiFid) and coverage for Broker Dealer controls in coordination with the controls Team.  Act as back up for Broker/Dealer controls where needed.

This includes ensuring high service quality, regulatory compliance, and alignment with internal standards. The role requires a strategic thinker with strong leadership skills and the ability to manage a complex operating model.

1. Oversight & Governance
•    Work with control team to review, monitor and track controls related to BSSA Swap Dealer activity as dictated by Global.
•    Work with control team to ensure SLAs are up to date and accurately reflect services identified therein; update accordingly. 
2. Operational Control & Risk Management
•    Maintain a strong control environment by enforcing risk and control standards as dictated by policy and Global.
•    Participate in incident and issue management related to identified gaps and/or breaches, including root cause analysis, remediation, and preventive measures in conjunction with the Issue Management team.
•    Work with the control team to monitor compliance with regulatory requirements and internal policies (e.g., trade reporting, reconciliations, client onboarding, etc.).
3. Performance Monitoring
•    Track operational performance metrics in conjunction with Global requirements.
•    Review adherence to KPIs and SLAs, proactively managing any underperformance or systemic issues.  Liase with Global regarding these topics.
4. Stakeholder Engagement
•    Liaise with Front Office, Risk, Compliance, Audit, and Technology to help assess and escalate identified issues related to Dodd Frank/EMIR/MiFID.
5. Change Management
•    Partner with the Business and other internal teams on continuous improvement, automation, and transformation efforts.
•    Support onboarding of new processes or products into Operations with robust controls and documentation.

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.

Must possess in-depth knowledge of Swap Dealer regulations to assist in executing the controls related to this activity.  Specifically, Dodd Frank, EMIR and MiFid regulations.  Ability to recognize risks associated with the processes/controls and assist in identifying controls to mitigate such risks.

Capable of learning back up controls for the Broker Dealer where needed.

Knowledge of Sentinel/Bloomberg.

* In depth knowledge of Swap Dealer regulations
* In depth knowledge of EMIR/MiFID regulations
* Demonstrable experience building controls and KPI and KRI to manage Global requirements related to swap/EMIR/MifFid transactions
* Ability to communicate with the Global team and identify where Global processes are not applicable or unable to be put into play in the U.S. (e.g. due to US regulatory conflicts or system issues).
* Proficient knowledge of SEC/FINRA regulations that apply to a Corporate and Investment Banking entity.
* Strong analytical and problem-solving abilities.
* Advance Microsoft Office skills including Excel, Word, PowerPoint and knowledge of Sentinel/Bloomberg. 
* Familiar with automation technologies and AI tools a plus

Understanding of global markets businesses: fixed income, FX, derivatives, equity, commodities.
* Cross-border product expertise: how EU-originated products are marketed, traded, or hedged in the US.
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