CIB Trade Support and Control
Company: Santander Holdings USA Inc
Location: Boston
Posted on: October 4, 2024
Job Description:
Commercial & Wholesale OperationsNew York, United States of
AmericaRESPONSIBILITY STATEMENTS
- Gain a comprehensive understanding of trade lifecycles by
interacting with various stakeholders.
- Operational responsibilities for REPO, Reverse REPO and
Securities Lending.
- Cash and collateral management.
- Responsible for daily Fed settlement of MBS and Treasury using
BONY BDC.
- Primary point of contact for Front Office.
- Data providers for stakeholders and various dependencies.
- Day to day trade processing and settlement of same day Repo,
Triparty, GCF
- Monitoring FICC RTTM, GSCC obligations and managing GCF
(General Collateral Finance).
- Ensure liquidity needs between accounts are met daily.
- Optimize delivery opportunities using partials and
pair-off's.
- Prepare and maintain TMPG fails charges.
- Oversee client accounts and ensure all margin calls are
reviewed and responded to, to help mitigate risk
- Escalate issues and breaks to appropriate stakeholders
including management and traders
- Propose enhancements to current processes
- Work with other team members to assess customer needs and offer
appropriate solutions
- Acts as Relationship Manager by offering value-added advice and
guidance to customers and lacing their needs at the forefront of
all that we do, setting world class standards.
- Builds a network of business introducers in the local
professional and business community.
- Generates quality assets through the use of appropriate risk
management tools, price appropriately for risk and ensure superior
returns within risk appetite.
- Increases profitability, relationship depth while minimizing
risk.
- Keeps abreast of external factors influencing international and
domestic business (i.e economic, cultural, geographical, procedural
and regulatory requirements).
- Proactively develops effective strategies to manage new
relationships by anticipating customer needs and providing superior
quality services resulting in increased wallet share.
- Structures credit facilities to ensure optimum balance between
customer and Santander interests within the bounds of prudent
banking.
- Targets acquisition of quality new customers and grow
sustainable revenues from these relationships.
- Works with product partners to assess customer needs and offer
appropriate solutions. -EDUCATION
- Bachelor's Degree or equivalent work experience - Business or
equivalent degree. -WORK EXPERIENCE
- 9-12 years - Experience managing commercial
relationships.SKILLS AND ABILITIES
- Ability to develop resolution to complex problems that require
the frequent use of creativity
- Ability to expand client relationships and bank products
- Ability to work with excel, create macros, and automate
workflows
- Excellent analytical and negotiation skills
- Excellent interpersonal skills and ability to interact and
build relationships with internal and external stakeholders
- Excellent organizational, management, communication and
customer service skill
- Exhibit an exceptional degree of ingenuity, creativity and
resourcefulness in decision making and problem solving
- Expert knowledge of overall lending policies and procedures,
credit analysis, underwriting, structuring, etc.
- In-depth knowledge of other banking products and the ability to
apply that information to this role
- Knowledge of the Santander's Commercial Banking products and
services
- Knowledge of different BONY systems including BDC and
AccessEdge and FICC's RTTM/CFM
- Knowledge of Broadridge IMPACT and Phase 3 is a plus
- Motivational, budgeting and project management experience
preferred
- Proven ability in identifying and meeting customer needs
through a broad range of products and services
- Proven ability to deliver customized/flexible solutions
appropriate to customer needs
- Proven analytical ability, with experience of credit or
relationship management
- Proven level of business acumen and commercial awareness
including economic, cultural, procedural and regulatory issues
- Solid judgment within broadly defined policies and
practices
- Strong computer skills including Microsoft Office
- Strong influence, relationship building ability and
communication skills, both verbal and written
- Working knowledge in Commercial BankingCOMPETENCIES
- Brings out the best in each team member by consistently
motivating and acknowledging peer contributions.
- Understands and leverages team dynamics
- Ensures people receive the information they require, and brings
the team together to share information
- Ensures that all directs and colleagues have appropriate
knowledge of risk and the regulatory environment Investigates and
identifies the root cause and corrects items deemed non-compliant,
regardless of pressures from business or management
- Identifies and eliminates redundancy of effort Ensures tools,
systems and processes are in place to allow team members to work
quickly and effectively
- Looks for creative approaches to providing or improving
services that may increase efficiency and decrease cost Applies
customer feedback toward improving and innovating services
- Monitors adherence to policies, regulations, processes and
procedures within function and actively undertakes corrective
action where necessary Understands end to end processes across the
organization and how processes are integrated Has a practical
knowledge of regulations impacting area supported
- Persists in searching out the root causes of major problems
rather than being satisfied with partial solutions or "quick fixes"
Brings new thinking, insights or technology to problem
resolution
- Takes responsibility for and deals effectively with complex and
sensitive customer issues and complaints Anticipates customer needs
and proactively makes recommendations -Diversity & EEO Statements:
At Santander, we value and respect differences in our workforce and
strive to increase the diversity of our teams. 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. Occasional moving and
lifting equipment and furniture is required to support onsite and
offsite meeting setup and teardown. Physically capable of lifting
up to fifty pounds, able to bend, kneel, climb ladders.Employer
Rights: 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 at any time
for any reason.For NYC Job Applicants: The base annual salary range
for this position is $87,897-$135,000. - The exact compensation may
vary based on skills, experience, training, licensure and
certifications and location.
Primary Location: -Boston, MA, State Street-Corp
Other Locations: -Massachusetts-Boston
Organization: -Banco Santander S.A.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.Salary: $92,250 - $140,000/year
Keywords: Santander Holdings USA Inc, Lawrence , CIB Trade Support and Control, Accounting, Auditing , Boston, Massachusetts
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