Consumer Credit Risk Sr. Associate at Santander

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience
9+ years in Credit Risk in the Banking or Financial Services Industry
Advanced Proficiency with SQL, Python and Power BI
Advanced knowledge of the operational, accounting, credit, regulatory, market and technological risks within Financial Industry
Demonstrated knowledge of credit policies and procedures, regulations and applicable law(s)
Demonstrated credit analysis skills for understanding/tracking counter party performance and market risk & modeling skills for evaluating trade positions and the related counter party risk exposures
Demonstrated track record interacting with the regulators, external and internal audit
Superior project management skills
Excellent written and verbal communication
Ability to interact with all levels of management, work independently and in a team environment

Responsibilities

Risk analysis and independent oversight of credit quality of assigned portfolios
Responsible for all aspects of credit quality including compliance with requirements of regulators and internal control
Recommend opportunities and proposed resolutions for improved efficiency, effectiveness, and/or risk reduction for the department
Ensure adherence to the policies and procedures established by the company
Manage policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies
Monitor and manage risk/exposure and compliance with the company's policies
Identify, manage and report on the company's risk areas
Evaluate the adequacy and effectiveness of data, document retention, and monitor systems
Oversee and ensure consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes
Ensure and execute ongoing maintenance of controls, mitigation plans, testing, and/or credit risk assessments
Partner with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls
Provide oversight on risk-management content/processes

Skills

Credit Risk Analysis

Risk Oversight

Regulatory Compliance

Policy Management

Risk Monitoring

Quality Control

Data Evaluation

Portfolio Management

Internal Controls

Reporting

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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