Associate, Credit Risk, Liberty Street, New York, NY at Santander

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree in Business, Finance, Computer Science, Engineering, or related field - Required
Master's Degree in Business, Finance, Computer Science, Engineering, or related field - Preferred
5+ Years Risk Management, Credit Risk, or Internal Audit - Required
5+ Years Financial Services industry experience - Required
1+ Years Experience in software t (incomplete in description)

Responsibilities

Translate business and risk strategies into decision engine logic using defined rules, conditions, and configurations
Collaborate with credit policy, analytics, model development and product teams to understand strategic intent and ensure accurate deployment in decision systems
Support testing, validation, and monitoring of decision strategies prior to and post-production implementation
Maintain documentation of decision logic, rule flows, change history, and approval workflows
Design and execute test plans to ensure decision rules perform as intended
Partner with QA, technology, and analytics teams to validate outputs and ensure alignment with risk frameworks
Identify and troubleshoot issues in rules logic or system behavior and recommend corrective actions
Conduct thorough testing of the consumer lending processing system, including functional testing, non-functional testing, and acceptance testing
Identify and document defects and issues encountered during testing
Participate in system integration testing and user acceptance testing
Support tracking of decision engine performance, including KPIs like approval rates, automation rates, and error rates
Work with analytics and reporting teams to assess the impact of strategy changes and recommend refinements
Ensure decision logic aligns with regulatory guidelines and internal governance policies
Coordinate with internal stakeholders across risk, product, technology, operations, and compliance
Participate in regular strategy reviews and platform enhancement discussions
Assist with audits and governance reviews by preparing documentation and providing data or system insights

Skills

Key technologies and capabilities for this role

Credit RiskDecision EngineCredit StrategiesRisk ModelsDecision LogicRules ConfigurationTestingValidationMonitoringCredit PolicyAnalyticsModel Development

Questions & Answers

Common questions about this position

Is this a remote position or does it require working in the office?

This is an on-site position located at Liberty Street, New York, NY. No remote work option is mentioned.

What are the key responsibilities for this Associate role?

Key responsibilities include translating business and risk strategies into decision engine logic, designing and executing test plans for validation, and supporting performance monitoring of decision engine KPIs.

What skills or experience are required for this position?

The role requires strong analytical skills, experience with decision engine platforms, testing (functional, non-functional, acceptance, and integration), and the ability to collaborate with credit risk, data science, and technology teams.

What is the company culture like at Santander?

Santander fosters a culture of engagement, continuous learning, personal growth, and collaboration with talented colleagues worldwide, prioritizing employee development and innovation.

What makes a strong candidate for this Credit Risk Associate role?

A strong candidate is motivated, analytical, experienced in implementing credit strategies and models in decision engines, skilled in testing and validation, and excels at cross-functional collaboration with risk, analytics, and tech teams.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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