Director, Emerging Technology Risk

Director, Emerging Technology Risk

Country: United States of America

Job Description: The Director of Emerging Technology Risk within the Technology and Information Risk Management organization at Santander US and Santander Bank NA is responsible for ongoing oversight, assessment, management and reporting of technology and cybersecurity risks associated with the adoption and implementation of Cloud, AI and Digital Assets (e.g. Blockchain, Crypto etc.) across all operating entities. This role is established in the second line of defense and requires collaboration across both IT, CISO, Data Office, Operational Risk, Internal Audit and other relevant functional stakeholders within the organization in the management of Emerging Technology risks. An excellent understanding of the evolving regulatory landscape in the US and EU are vital for success in this role.

The day-to-day focus may vary depending on the requirements of the overall second line of defense program priorities directed by the Head of Technology Risk and may include: planned or ad-hoc technical risk reviews, review of IT or Business initiatives, Review and challenge activities, Risk reporting, development of technical risk framework and methodologies.

This position is hybrid in office 2-3 days per week.

Locations can include: Dallas, TX; Boston, MA; Florham Park, NJ; NYC, NY

Essential Functions/Responsibility Statements:

• Establish themselves as the second line of defense subject matter expert for key stakeholders in the management of emerging technology risks across all operating entities
• Prepare information to enable governance committees / working groups in the management oversight of emerging technology risks
• Participate in relevant governance committees and working groups as a delegate of the Head of Technology
• Initiate timely escalations to the Head of Technology and to the leadership team
• Identify and assess technology and cybersecurity risks associated with emerging technologies including Cloud, AI, IoT, Blockchain and others and counsel business units managers, CISO and/or IT GRC stakeholders on risk management issues to ensure awareness and accountability for emerging technology risks
• Develop and implement a technical risk management governance, framework to enable the strategic business direction of the organization
• Ensure updates of existing policies and framework or develop new ones that steer the safe and sound adoption of emerging technologies across the organization
• Participate in the independent and ongoing risk oversight of key technology components of the firm’s digital transformation initiatives. Additionally, coordinate oversight of key emerging technology risks
• Work across the lines of defense to recommend strategies that effectively treat risks within the risk appetite
• Monitor emerging technology trends and evaluate potential impacts to business strategy; provide documented analytical insights of the risk horizon, while ensuring a sound operational and compliance control environment through establishment of a system of effective and sustainable internal controls
• Participate in evaluation of new products / Business changes / projects and assess related emerging technology risks and impact to the technology risk profile
• Participate in the evaluation and management of risks related to third-party suppliers involved in technology projects related to the deployment of emerging technology or where emerging technologies introduced by third parties are a key component of the business activities
• Advises on remediation of regulatory findings, correction of any inconsistencies and monitors resolution.
• Manage, oversee and contribute to targeted risk reviews designed to evaluate emerging technology risks and their effective and sustainable mitigation
• Perform review and challenge of first line of defense risk management processes, data and outcomes (e.g. risk assessments, control evaluations, risk metrics, mitigation plans, risk acceptances etc.) and communicate risk opinions at various levels of management
• Analyze risk data from various sources (e.g. external events, control deficiencies, risk register etc.) to identify and measure levels of risk, concentration, trends and patterns
• Support process for constructive engagement across the Lines of Defense regarding differences or conflicts in risk appetite, risk metric determination or evaluation, issue severity or other areas of dispute
• Manage delivery timelines and develop materials to ensure second line of defense independent opinion appropriately represented during committee meetings, external exams and internal audits.
• Ensure all activities and deliverables achieve their timeliness, quality and accuracy service levels.
• Collaborate wi