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

Credit Risk

Decision Engine

Credit Strategies

Risk Models

Decision Logic

Rules Configuration

Testing

Validation

Monitoring

Credit Policy

Analytics

Model Development

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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