Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NY

Santander Bank • Boston, MA

397d • Hybrid

About The Position

The Director of Credit Risk Management is responsible for developing and implementing credit strategies to enhance credit performance through data analysis, machine learning, and advanced analytics. This role involves coordinating with various teams to ensure compliance with regulatory requirements and optimizing risk decisions across lending, card, and partnership portfolios.

Requirements

• 10+ years of experience in Credit Risk Management within the financial industry, including experience with U.S. regulatory agencies.
• First Line of Defense Credit Risk experience is required.
• Bachelor's Degree in Business, Statistics, Information Systems, Engineering, Finance, or Economics; Master's Degree preferred.
• Prior experience with credit bureaus, credit decision engines, and credit modeling for underwriting and portfolio management.
• Hands-on expertise in advanced analytics using SAS, R, and Python.

Nice To Haves

• Solid knowledge of current portfolios such as cards, loans, and lines of credit.
• Ability to work in a matrixed organization and drive consensus-based decision-making.

Responsibilities

• Develop credit strategies to improve credit performance using data and analytics.
• Design A/B tests to understand risk-return trade-offs.
• Coordinate implementation and controls for underwriting and line management with internal tech and vendor systems.
• Partner with second line risk management professionals to monitor credit strategies.
• Monitor vintages and portfolio performance by customer segments and provide vintage loss forecasts for profitability calculations.
• Collaborate with legal and compliance teams to ensure strategies comply with regulatory requirements.

Benefits

• Diversity and inclusion initiatives
• Equal opportunity employer policies

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree