Associate, Credit Risk

Santander Bank•New York, NY

About The Position

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, Credit Risk is responsible for risk concentration monitoring, analysis, and reporting. The incumbent will analyze and summarize current and prospective trend financial characteristics, regulate risk exposure and controls by identifying areas of concern, opportunities, and reports on potential and/or known issues while recommending process improvements. Identifies potential credit risks and assesses impact, probability of occurrence and timeframe. Analyzes counter party portfolio and cross-border risk data, events and trends. Investigates various credit risk inquiries, proposals, plans, and makes recommendations as directed by management or at own initiative. Provides guidance and subject matter expertise regarding credit risks and mitigation planning to colleagues across the organization. Maintains abreast emerging risk trends and risk management best practices; summarizes and communicates findings with team. Implements quality controls and processes; determines resolution steps for quality issue, with escalation and reporting as required. Ensures business activities and operations are in compliance with applicable policies, procedures and/or regulatory requirements. Generates routine analysis and insights using raw and multiple data sources for reporting. Performs ad-hoc projects requiring planning, research, analysis, and recommendations to management via formal presentations and/or written communications. Regulates credit risk exposure, mitigation, and controls for new products and implements solutions to existing programs. Collaborates cross-functionally with Information Technology to ensure the establishment of recovery testing methodologies; the planning and coordination of the testing of recovery support and business resumption procedures. Develops and presents comprehensive risk exposures and recommendations on best practices for remediate and implement to management.

Requirements

Bachelor's Degree or equivalent work experience: Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field. - Required.
5+ Years Risk Management, Credit Risk, or Internal Audit - Required.
5+ Years Financial Services industry experience. - Required.
SAS, SQL, Python/R
Detailed knowledge of a commercial banks credit and counterparty customer populations, understanding their characteristics according to portfolio (aggregate) credit quality measures and individual customer financial characteristics.
Demonstrated credit analysis skills for understanding/tracking and market risk & modeling skills for evaluating related risk exposures.
Ability to work with large databases and datasets for extraction and conversion into useful final results with original numbers.
Ability to maintain accuracy while handling sensitive data files, working with that data and reconciling final results with original numbers.
Ability to adjust to new developments/changing circumstances.
Ability to build and foster internal relationships.
Ability to maintain accuracy while handling sensitive data files, working with that data and reconciling final results with original numbers.
Strong project management skills.
Ability to summarize, document, and communicate information in a clear and concise manner.

Nice To Haves

Master's Degree: Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field. - Preferred.
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Experience in Microsoft Office products.

Responsibilities

Risk concentration monitoring, analysis, and reporting.
Analyze and summarize current and prospective trend financial characteristics
Regulate risk exposure and controls by identifying areas of concern, opportunities, and reports on potential and/or known issues while recommending process improvements.
Identifies potential credit risks and assesses impact, probability of occurrence and timeframe.
Analyzes counter party portfolio and cross-border risk data, events and trends.
Investigates various credit risk inquiries, proposals, plans, and makes recommendations as directed by management or at own initiative.
Provides guidance and subject matter expertise regarding credit risks and mitigation planning to colleagues across the organization.
Maintains abreast emerging risk trends and risk management best practices; summarizes and communicates findings with team.
Implements quality controls and processes; determines resolution steps for quality issue, with escalation and reporting as required.
Ensures business activities and operations are in compliance with applicable policies, procedures and/or regulatory requirements.
Generates routine analysis and insights using raw and multiple data sources for reporting.
Performs ad-hoc projects requiring planning, research, analysis, and recommendations to management via formal presentations and/or written communications.
Regulates credit risk exposure, mitigation, and controls for new products and implements solutions to existing programs.
Collaborates cross-functionally with Information Technology to ensure the establishment of recovery testing methodologies; the planning and coordination of the testing of recovery support and business resumption procedures.
Develops and presents comprehensive risk exposures and recommendations on best practices for remediate and implement to management.