At a Glance
- Tasks: Support risk management and compliance in a dynamic investment banking environment.
- Company: Join Santander, a leading global bank with a commitment to innovation.
- Benefits: Competitive salary, generous holiday, pension contributions, and health benefits.
- Other info: Inclusive workplace with opportunities for growth and development.
- Why this job: Make a real impact in risk management while developing your career in finance.
- Qualifications: Experience in investment banking and strong analytical skills required.
The predicted salary is between 50000 - 60000 £ per year.
Join our community. Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.
The scope of Business Controls Unit (BCU) covers non-financial risk management and regulatory compliance within an Investment Banking business supporting all lines of business, working effectively across the three lines of defence. BCU is a first line of defence team and covers a number of risk disciplines in support of the business and clients including Operational Risk, Trading & Banking Controls, Conduct and Regulatory change and controls.
In this critical role, you’ll work hand-in-hand with Front Office teams to support risk ownership and control assurance for trading and banking activities whilst ensuring compliance with the firm’s operational risk framework and regulatory requirements.
The difference you’ll make:
- Supporting the continuous improvement of Markets, GTB and Banking control frameworks
- Supporting the development and continuous improvement of Business supervision processes, procedures, MI and technology across Markets, GTB and Banking
- Supporting product, risk and control owners through Risk & Control Self-Assessments (RCSA) and updating control libraries
- Executing independent control testing/and or risk and control deep dives and escalating breaches promptly
- Monitoring trading desk activities for market, operational, and conduct risks
- Supporting the continuous automation and digitalisation of processes and reporting
- Assisting with the on-going development and management of BCU led governance bodies and coordinating periodic reporting (dashboards, KPIs, incidents)
- Daily monitoring of risk metrics, escalation of breaches
- Producing monthly and quarterly reports for UK and Global risk forums
What you’ll bring:
- Previous experience working within and for an investment banking business, ideally in a business or product aligned role
- Well-developed analytical and problem-solving skills, with the ability to interpret complex data and develop actionable insights
- Evidenced management of simplification and/or AI projects/developments
- Excellent written and verbal communication skills, with the ability to convey complex risk information to non-experts
- High level of detail and accuracy in conducting risk analyses and preparing reports
- Proficiency in Microsoft Office Suite, Power BI
- Flexibility to adapt to changing regulatory environments, business strategy and models and emerging risks
It would also be nice for you to have:
- Previous experience in COO, Operational Risk or similar roles
- Bachelor's degree, or equivalent in Finance, Business Administration, Risk Management, or related field
What else you need to know:
This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.
Equal Opportunities
Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.
How we’ll reward you.
Your contribution matters, and it’s recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.
- Eligible for a discretionary performance-related annual bonus.
- We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
- 27 days’ holiday plus bank holidays, which increases to 28 days after 5 years service, with the option to purchase up to 5 contractual days per year.
- Free access to a range of digital health services, including GP.
- Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
- 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
- Company funded individual private medical insurance.
- Voluntary healthcare benefits at discounted rates such as dental insurance, and health assessments.
- Share in Santander’s success by saving or investing in our share plans.
- Support your favourite causes through charitable giving and our community partnerships.
What to do next:
If this sounds like a role you’re interested in, then please apply.
The Santander Effect
Our work touches 140 million lives every day. How? By always innovating, sharing our experiences, questioning how we do things and adapting to new challenges. As we keep reinventing ourselves for the digital age, you’ll find that with us, even your smallest action will have a massive impact. That’s the Santander Effect.
Business Controls Associate - COO | SCIB employer: Banco Santander SA
Santander Corporate & Investment Banking (SCIB) is an exceptional employer, offering a dynamic work environment in the heart of London. With a strong commitment to employee growth and development, we provide comprehensive benefits including a competitive salary, generous pension contributions, and extensive health services. Our inclusive culture fosters collaboration and innovation, ensuring that every team member's contribution is valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Business Controls Associate - COO | SCIB
✨Tip Number 1
Network like a pro! Reach out to people in the investment banking sector, especially those who work at Santander. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of operational risk and compliance. We want to see you confidently discuss how you can support the Business Controls Unit and contribute to their goals.
✨Tip Number 3
Showcase your analytical skills! Be ready to share examples of how you've tackled complex data or improved processes in previous roles. This will demonstrate your fit for the Business Controls Associate position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace Business Controls Associate - COO | SCIB
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Business Controls Associate role. Highlight your experience in investment banking and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role involves a lot of data interpretation, make sure to highlight your analytical and problem-solving skills in your application. We’re looking for candidates who can turn complex data into actionable insights!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re keen on joining our community at Santander SCIB!
How to prepare for a job interview at Banco Santander SA
✨Know Your Risk Management Basics
Make sure you brush up on your knowledge of non-financial risk management and regulatory compliance. Be prepared to discuss how these concepts apply to the role of a Business Controls Associate, especially in an investment banking context.
✨Showcase Your Analytical Skills
Since this role requires well-developed analytical and problem-solving skills, come ready with examples of how you've interpreted complex data in the past. Think about specific situations where your insights led to actionable outcomes.
✨Communicate Clearly
You’ll need to convey complex risk information to non-experts, so practice explaining technical concepts in simple terms. This will demonstrate your communication skills and your ability to work effectively with diverse teams.
✨Be Ready for Scenario Questions
Prepare for questions that ask how you would handle specific risk scenarios or breaches. Think through your approach to monitoring trading desk activities and how you would escalate issues, as this will show your understanding of the role's responsibilities.
