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

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Ability to perform essential duties of the role successfully (implied from job description cutoff)
Expertise in risk analysis, credit quality oversight, and compliance with regulators and internal controls
Proficiency in translating business queries into actionable insights using unstructured data and statistically robust techniques
Experience driving cross-functional analytics projects from start to end, including building relationships, framing questions, data collection/analysis, and summarizing insights
Knowledge of data best practices, working with engineers to implement analytics solutions
Skills in evaluating and discovering alternative data vendors, validating external algorithms, and applying insights to commercial use cases
Capability in quantitative analysis, including alpha assessment, risk analysis, portfolio construction, and return attribution
Familiarity with data tools, collaboration with data scientists and engineers, and adapting data initiatives to business needs
Ability to collaborate across functional areas at all seniority levels to identify scalability and growth opportunities
Experience influencing others on credit risk mitigation, identification, resolution, and management best practices
Leadership in special risk mitigation projects, business continuity, incident response, and security activities
Proficiency in systematizing ad hoc reporting for senior/executive management and providing review/challenge
Subject matter expertise (SME) in credit risk, with ability to provide leadership, guidance, and mentorship

Responsibilities

Conduct risk analysis and independent oversight of credit quality for assigned portfolios
Manage all aspects of credit quality, including compliance with regulators and internal controls
Recommend opportunities and propose resolutions for improved efficiency, effectiveness, and risk reduction
Review, analyze, and evaluate the company's credit risk management program for risk-based processing and reporting to reduce losses and protect assets
Translate business queries into actionable, commercial insights using unstructured data and statistical techniques
Drive cross-functional analytics projects end-to-end, including relationship building, data handling, and insight summarization for decision-making
Work with engineers to promote data best practices and implement analytics solutions
Evaluate and discover alternative data vendors, validate external algorithms, and apply to commercial use cases
Perform quantitative analysis (alpha assessment, risk analysis, portfolio construction, return attribution) to enhance investment strategies
Leverage data tools and collaborate with data scientists/engineers to adapt initiatives to business needs
Collaborate across business areas to uncover and address scalability/growth opportunities
Influence others operationally on new concepts, best practices for credit risk mitigation, identification, resolution, and management
Lead special risk mitigation projects/programs, business continuity, incident response, and security activities
Systematize ad hoc reporting for lines of business and team members, supporting senior/executive reporting and status updates
Provide review and challenge for senior management reporting as required
Act as SME, providing leadership, guidance, and mentorship

Skills

Credit Risk Analysis

Risk Management

Credit Quality Oversight

Regulatory Compliance

Data Analysis

Statistical Techniques

Analytics Projects

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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