It Starts Here:
Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.
If you are interested in exploring the possibilities We Want to Talk to You!
The Difference You Make:
The Associate, Risk Management operates within the Second Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework. Specifically, the Associate works to identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards. The incumbent will also assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI/KPI development and monitoring, and on-time remediation of issues. The Associate must be able to effectively partner with various stakeholders.
Adherence to Risk Frameworks, Policies, and Standards: Partner with SLoD to provide input on and review frameworks, policies, and standards. Facilitate Business Line awareness of and adherence to risk frameworks, policies, standards, and issue-validation requirements.
Risk Monitoring: Continuously monitor all sources of risk within the Business Line and the external environment. Engage in research, peer networking, and practical experience to anticipate critical risk issues affecting the Business Line.
Issue Identification, Management, and Risk Assessment: Where applicable, conduct RCSA responsibilities, including process mapping, risk and control matrices, inherent risk assessments, internal control testing, and Heracles data/input.
Internal Control Testing: Implement and maintain internal control testing and control-effectiveness monitoring within the Business Line. Validate the adequacy of controls, escalate deficiencies as appropriate, and identify root causes of control deficiencies or weaknesses.
Control Performance Indicators: Support implementation of the CPI framework by formally defining and documenting metric details, including metric type, provider, approver, numerator and denominator descriptions, source, scope, thresholds, and Risk Basel category.
Exam Management: Liaise with the Business Line on exam-related activities, including regulatory examinations, Internal Audit, and Credit Risk Review. Review materials and responses, and validate Business Line remediation work, including artifacts and action plans.
Communication and Training: Support training and guidance for key stakeholders within the Risk Management organization and promote Business Line awareness of risk frameworks, policies, and standards.
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.
Education
Bachelor’s degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Required.
Master’s degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Preferred.
Professional Experience
5+ years of experience in risk management, internal controls, auditing, credit management, a relevant line of business, and/or legal or regulatory functions – Required.
Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a broad range of financial services products and services – Required.
Skills
Knowledge of the financial services sector, particularly competitive dynamics and products in retail banking and risk management.
Advanced understanding of the regulatory environment and how Second Line of Defense teams and regulators view the risks of the bank’s products and services.
Ability to build credibility with, collaborate with, and influence line-of-business executives.
Excellent analytical and complex problem-solving skills.
Strong project management skills.
Ability to work constructively both independently and in collaborative environments involving all levels of management and employees.
Ability to collaborate with internal and external service providers to establish resource requirements, schedules, assignments, and service levels.
Ability to build internal and external networks of information resources within the risk management ecosystem.
Understanding of BSA/AML and OFAC regulations, regulatory expectations, and industry-leading practices.
Ability to deliver high-quality documentation with strong attention to detail.
Certifications:
Risk certification - Preferred.
It Would Be Nice For You To Have:
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Work Authorization & Sponsorship:
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.
What Else You Need To Know:
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Base Pay Range:
Minimum:
$80,625.00 USDMaximum:
We Value Your Impact:
Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)
Risk Culture:
We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
EEO Statement:
At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:
Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.
Employer Rights:
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.
What To Do Next:
If this sounds like a role you are interested in, then please apply.
We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [email protected] to discuss your needs.
Skills Required
- Bachelor's degree in a related field or equivalent combination of work experience, training, military service, or education
- 5+ years of experience in risk management, internal controls, auditing, credit management, a relevant line of business, and/or legal or regulatory functions
- Experience supporting and/or leading risk projects across multiple business lines offering financial services products and services
- Knowledge of the financial services sector, particularly retail banking products and risk management
- Understanding of the regulatory environment and Second Line of Defense and regulatory perspectives on bank product and service risks
- Ability to build credibility with, collaborate with, and influence line-of-business executives
- Excellent analytical and complex problem-solving skills
- Strong project management skills
- Ability to work independently and collaboratively with all levels of management and employees
- Ability to collaborate with internal and external service providers on resources, schedules, assignments, and service levels
- Ability to build internal and external networks within the risk management ecosystem
- Understanding of BSA/AML and OFAC regulations, regulatory expectations, and industry practices
- Ability to deliver high-quality documentation with strong attention to detail
- Master's degree in a related field or equivalent combination of work experience, training, military service, or education
- Risk certification
Santander Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Santander and has not been reviewed or approved by Santander.
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Retirement Support — A dollar‑for‑dollar 401(k) match up to 6% of eligible pay and immediate vesting are highlighted as core strengths, supporting long‑term savings. This is reinforced by company‑paid disability and life/AD&D coverage that bolster financial security.
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Leave & Time Off Breadth — Paid time off typically ranges from 18–30 days in the U.S. with 11 paid holidays, plus dedicated volunteer and development time; the UK features a minimum of 25 days with buy/sell options. Some roles also use self‑managed PTO, offering additional flexibility depending on team norms.
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Parental & Family Support — U.S. parental benefits include 8 weeks paid for all parents and a total of 16 weeks paid for birth mothers, with flexibility for reduced hours around childbirth. Caregiver leave and dependent‑care programs add further family support.
Santander Insights
What We Do
Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.
