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 diversity and inclusion.
- Benefits: Competitive salary, generous holiday, pension contributions, and health benefits.
- Other info: Based in central London with excellent career growth opportunities.
- Why this job: Make a real impact in risk management while developing your skills in a supportive team.
- Qualifications: Experience in investment banking and strong analytical skills are essential.
The predicted salary is between 55000 - 65000 £ per year.
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:
Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring. The following requirements represent the knowledge, skills, and abilities essential for success in this role.
- 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 attention to 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. We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. 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 5yrs 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.
Business Controls Associate - COO | SCIB employer: Santander Corporate & Investment Banking
Santander Corporate & Investment Banking (SCIB) is an exceptional employer that values diversity and empowers its employees to thrive both professionally and personally. Located in the heart of London, our inclusive work culture fosters collaboration and innovation, while offering competitive benefits such as a generous pension scheme, extensive holiday allowance, and access to digital health services. We are committed to your growth, providing opportunities for continuous learning and development within a dynamic investment banking environment.
Contact Details:
Santander Corporate & Investment Banking Recruitment Team
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 industry, especially those at Santander. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk management and compliance. We all know how tricky it can be to articulate your experience, so get comfortable talking about your skills and how they fit the role.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled complex data or improved processes in previous roles. This will help you stand out as someone who can contribute to the continuous improvement of BCU.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the team at Santander.
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. Give examples of how you've tackled complex data in the past – we’re all about actionable insights!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be set!
How to prepare for a job interview at Santander Corporate & Investment Banking
✨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 investment banking, as well as any relevant experiences you've had in similar roles.
✨Showcase Your Analytical Skills
Since this role requires strong 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, especially in a financial context.
✨Communicate Clearly
You’ll need to convey complex risk information to non-experts, so practice explaining technical concepts in simple terms. Use clear, concise language during your interview to demonstrate your communication skills and ensure your points are easily understood.
✨Be Ready for Adaptability Questions
Given the ever-changing regulatory environment, be prepared to discuss how you've adapted to changes in business strategy or emerging risks in previous roles. Highlight your flexibility and willingness to learn, as these traits are crucial for success in this position.
