Santander Bank, N.A.
Wealth Management Risk Associate
Supports the development and oversight of the High Net Worth (HNW) and Ultra High Net Worth (UHNW) business. Ensures a robust risk management framework to manage fiduciary and suitability risk and operational risk.
Responsibilities
Assist in the development of the risk framework including risk appetite and committee reporting.
Perform risk assessments and oversight of changes in the business including new products, organizational models, systems and processes.
Assess, monitor, and mitigate fiduciary, conduct, and operational risks across HNW/UHNW client relationships.
Partner with front office, compliance, and legal teams to ensure policies, procedures, and controls address fiduciary obligations for HNW clients.
Conduct risk assessments of advisory, brokerage, and discretionary accounts to identify emerging fiduciary risks.
Provide guidance and training to relationship managers and advisors on fiduciary responsibilities and regulatory expectations (SEC, FINRA, DOL).
Monitor regulatory developments, enforcement actions, and industry best practices to enhance the firm’s fiduciary risk framework.
Participate in internal reviews, audits, and regulatory exams related to fiduciary oversight.
Support new business initiatives and product approvals with a fiduciary risk lens, particularly for complex structures (trusts, family offices, offshore entities, private placements).
Develop and maintain risk reporting and metrics for senior management and governance committees.
What You Bring
Bachelor’s degree in finance, Business, Law, or related field. – Required.
Advanced degree or JD. – Preferred.
5+ years of experience in fiduciary risk, compliance, operational risk or legal roles within a broker-dealer, private wealth, or trust environment. – Required.
Deep understanding of fiduciary standards, Reg BI, SEC/FINRA rules, ERISA/DOL requirements, and industry best practices.
Experience with HNW/UHNW client structures, including trusts, estates, foundations, family offices, and discretionary mandates.
Detailed knowledge of the wealth management industry including products, fiduciary obligations, and regulatory standards.
Strong analytical and problem-solving skills with the ability to exercise sound judgment on complex fiduciary matters.
Excellent interpersonal and communication skills; ability to engage with front office and senior management.
Certifications
Certified Fiduciary & Investment Risk Specialist (CFIRS) – Preferred.
Chartered Financial Analyst (CFA) – Preferred.
Certified Financial Planner (CFP) – 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.
Experience in Microsoft Office products.
Compensation Base Pay Range: $65,625.00 - $110,000.00 USD per annum.
Benefits Link to Santander Benefits: https://www.santander.com/benefits
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. 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 TAOps@santander.us to discuss your needs.
Location Primary Location: Boston, MA
Other Locations: Massachusetts, Florida-Miami
Organization Santander Bank N.A.
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Responsibilities
Assist in the development of the risk framework including risk appetite and committee reporting.
Perform risk assessments and oversight of changes in the business including new products, organizational models, systems and processes.
Assess, monitor, and mitigate fiduciary, conduct, and operational risks across HNW/UHNW client relationships.
Partner with front office, compliance, and legal teams to ensure policies, procedures, and controls address fiduciary obligations for HNW clients.
Conduct risk assessments of advisory, brokerage, and discretionary accounts to identify emerging fiduciary risks.
Provide guidance and training to relationship managers and advisors on fiduciary responsibilities and regulatory expectations (SEC, FINRA, DOL).
Monitor regulatory developments, enforcement actions, and industry best practices to enhance the firm’s fiduciary risk framework.
Participate in internal reviews, audits, and regulatory exams related to fiduciary oversight.
Support new business initiatives and product approvals with a fiduciary risk lens, particularly for complex structures (trusts, family offices, offshore entities, private placements).
Develop and maintain risk reporting and metrics for senior management and governance committees.
What You Bring
Bachelor’s degree in finance, Business, Law, or related field. – Required.
Advanced degree or JD. – Preferred.
5+ years of experience in fiduciary risk, compliance, operational risk or legal roles within a broker-dealer, private wealth, or trust environment. – Required.
Deep understanding of fiduciary standards, Reg BI, SEC/FINRA rules, ERISA/DOL requirements, and industry best practices.
Experience with HNW/UHNW client structures, including trusts, estates, foundations, family offices, and discretionary mandates.
Detailed knowledge of the wealth management industry including products, fiduciary obligations, and regulatory standards.
Strong analytical and problem-solving skills with the ability to exercise sound judgment on complex fiduciary matters.
Excellent interpersonal and communication skills; ability to engage with front office and senior management.
Certifications
Certified Fiduciary & Investment Risk Specialist (CFIRS) – Preferred.
Chartered Financial Analyst (CFA) – Preferred.
Certified Financial Planner (CFP) – 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.
Experience in Microsoft Office products.
Compensation Base Pay Range: $65,625.00 - $110,000.00 USD per annum.
Benefits Link to Santander Benefits: https://www.santander.com/benefits
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. 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 TAOps@santander.us to discuss your needs.
Location Primary Location: Boston, MA
Other Locations: Massachusetts, Florida-Miami
Organization Santander Bank N.A.
#J-18808-Ljbffr