Pre & Post Trade Operations - Residential Mortgage Warehouse Lending VP

Santander • New York, NY

2d • $145,000 - $190,000

About The Position

Santander is seeking a Vice President to lead the day-to-day operations of a Pre & Post Trade Operations team supporting Residential Mortgage Warehouse Lending and related lending activities. The role is responsible for timely, accurate, and controlled transaction execution, team leadership, operational expertise, risk management, and escalation of complex matters. The Vice President works closely with Front Office, Credit, Risk, Legal, Treasury, Finance, Technology, and other stakeholders to support transaction execution, servicing, operational controls, and business and process change.

The role oversees warehouse activities including facility onboarding, loan funding, borrowing-base availability, collateral management, repayments, and collateral releases. It maintains oversight of advance rates, eligibility criteria, concentration and aging requirements, wet/dry funding, collateral exceptions, and warehouse take-out activity. The role also ensures appropriate controls over high-value funding and drives monitoring, remediation, compliance, process improvement, automation, and technology initiatives.

Requirements

• Bachelor’s degree in a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education.
• 7+ years of relevant experience in banking, lending, structured finance, specialty finance, or Pre & Post Trade Operations, including experience leading or supervising a team.
• Strong knowledge of Residential Mortgage Warehouse Lending, including warehouse facilities, loan funding, borrowing-base mechanics, collateral pledging, repayments, and releases.
• Understanding of advance rates, haircuts, eligibility criteria, concentration limits, aged collateral, wet/dry funding, and collateral exceptions.
• Familiarity with mortgage settlement and take-out processes and interactions with mortgage originators, custodians, bailees, title companies, settlement agents, escrow agents, and investors.
• Ability to understand operational requirements within Warehouse Loan and Security Agreements and translate them into appropriate procedures and controls.
• Strong knowledge of operational risk and controls, particularly funding accuracy, beneficiary validation, duplicate funding, collateral eligibility, borrowing-base accuracy, and repayment tracking.
• Demonstrated ability to manage complex and time-sensitive transactions, resolve exceptions, and appropriately escalate material risks.
• Strong people leadership, analytical, communication, and stakeholder-management skills.
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

• Experience supporting new facility closings, amendments, operational change, automation, or system implementations.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Lead and develop the team, managing daily workload, priorities, coverage, performance, and operational delivery.
• Oversee Residential Warehouse activities, including facility onboarding, loan funding, borrowing-base availability, collateral management, repayments, and collateral releases.
• Maintain oversight of advance rates, eligibility criteria, concentration and aging requirements, wet/dry funding, collateral exceptions, and warehouse take-out activity.
• Ensure appropriate controls over high-value funding, including payment instructions, beneficiary and account validation, authorization, and escalation requirements.
• Act as a primary escalation point for complex transactions, funding issues, collateral discrepancies, and operational exceptions.
• Monitor operational performance, controls, KPIs/KRIs, and recurring exceptions, and drive timely remediation.
• Ensure compliance with policies, procedures, transaction documentation, regulatory requirements, and internal control standards.
• Support new facilities, amendments, refinancings, process improvements, automation, and technology initiatives.
• Partner with senior management and key stakeholders to implement operational priorities and continuously improve processes and controls.

Benefits

• Competitive rewards package; benefits are described as supporting employees, their families, and well-being, with details linked to the Santander Benefits guide.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior