Sr. Associate, Liquidity Risk

Liquidity risk is the independent review function responsible for identifying, quantifying and managing the Liquidity Risk of the firm. The team works closely with corporate treasury, operations, audit, etc. as well as the broader risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk position and to ensure compliance to European and US regulations, supervisory notes, and industry standards. The Liquidity Risk Sr. Associate will manage the review and challenge oversight functions of several key liquidity risk processes. Lead design of liquidity programs, including defining Policy and Procedure requirements. Excellent communication skills required to negotiate internally, often at senior levels. Communicate about risk levels and provide support to senior management, Audit, Treasury and Financial Risk at corporate and local level in the decision-making process. Three opportunities available in the Santander US Market Risk department, each opportunity focus will be on either: Governance & Initiative Management, Liquidity Stress Testing Oversight, or Regulatory Reporting, Cashflow Forecasting & Intraday Liquidity Management. Manage Risk Identification & Assessment (Risk ID) and Emerging Events process and reporting that is comprehensive, efficient, structured and integrated with key market risk processes such as Liquidity Stress Testing and Contingency Funding Planning. Risk Limit Governance: setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation. Stress Testing: methodology development, assumption review and approval and risk measurement via sensitivity analysis. Analytics: measurement, analysis, and reporting of risk measures including US and European risk metrics, development of tools for risk calculation and alternative views; governance of data quality and completeness controls. Perform and enhance reporting to head office, governance committees, senior management, and maintain clear documentation of oversight processes. Review intraday and collateral management reporting performed by 1st line of defense to ensure appropriate levels and that regulatory and industry best practices are in place. Participate in the strategic planning and budget process to provide timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes. Oversight of cashflow forecasting including review of assumptions, Backtesting, and investigation cashflow breaches. Contribute to ongoing initiatives and regulatory examinations, internal audit reviews and other remediation efforts. Build and maintain a robust governance framework (policies & procedures) ensuring the banks adherence to regulations, supervisory notes, and best practices. Build and manage a market risk issue management framework.