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Associate, Credit Risk

Santander

This is a Contract position in Ogdensburg, NJ posted March 31, 2020.

Associate, Credit Risk2000748

Description

As a member of Santander’s retail banking division you’ll help serve Santander’s retail and small business customers as part of one of the top banks in the United States based on deposits.  With principal presence in the northeast U.S., Santander’s retail division offers consumer and lending products to help our customers reach their financial goals.  Santander currently serves nearly 2 million retail customers and 5.2% of the 2.7 million small businesses in the US footprint have a transactional account with Santander Bank.


The Associate, Credit Risk is responsible for quantitative credit analytics, risk concentration monitoring, credit model performance monitoring, and general credit risk reporting of the residential mortgage and home equity portfolio. The incumbent will analyze credit and financial characteristics of the portfolio as well as new product opportunities, will regulate risk exposure and controls by identifying areas of concern and present to management with recommended actions.

Responsibilities:

  • Generates routine analysis and insights using multiple data sources

  • Extraction and compilations of portfolio performance data with complex quantitative and qualitative analysis

  • Responsible for risk forecasts, project milestones, execution and adherence to Santander Corporate Risk Framework

  • Performs and/or coordinates special projects as requested including design, participation and management updates

  • Identifies potential credit risks and assesses impact, probability of occurrence and timeframe

  • Ensures business activities and operations are in compliance with applicable policies, procedures and/or regulatory requirements

  • Investigates various credit risk inquiries, proposals, plans, and makes recommendations as directed by management or at own initiative

  • Performs ad-hoc projects requiring planning, research, analysis, and recommendations to management via formal presentations and/or written communications

  • Provides guidance and subject matter expertise regarding credit risks and mitigation planning to colleagues across the organization

  • Regulates credit risk exposure, mitigation, and controls for new products and implements solutions to existing programs

  • Well-informed of industry emerging risks and risk management best practices; summarizes and communicates findings with team

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members

Qualifications

  • Bachelor’s Degree; Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field

  • Master’s Degree; Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field or equivalent work experience

  • 5-9 years; Risk Management, Credit Risk, or Internal Audit, Financial Services industry experience

  • Strong technical skills with proficiency in MS SQL/Analysis Server, SAS/Angoss, MS Excel, Powerpoint & Access

  • Strong verbal and written communication skills
  • Experience working with large databases for extraction and conversion into useful results

  • Proven experience analyzing/solving complex risk segmentation issues, summarizing and presenting findings

  • Ability to adjust to new developments/changing circumstances

  • Ability to maintain accuracy while handling sensitive data files, working with that data and reconciling final results with original numbers

  • Ability to build and foster internal relationships

  • Minimal physical effort such as sitting, standing, and walking

  • Communicates in a timely and straightforward manner

  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions

  • Keeps everyone involved informed about progress and issues

  • Communicates the importance and benefits of risk management to counterparts

  • Displays natural skepticism and curiosity to question the status quo and uncover issues

  • Adheres to a good root cause analysis process

  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change Provides assistance and coaches less experienced team members

  • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results

  • Knows the relationship and impact of actions and results

  • Has an understanding of regulations impacting area supported

  • Follows through to meet commitments to others

  • Takes responsibility for achieving strong results, despite balancing multiple complex demands

  • Knows who to reach out to inside and outside of one’s team to get work done

  • Takes action to enhance working relationships needed to achieve seamless work flow

  • Stays current with industry and regulatory trends and emerging risk issues

  • Has good understanding of current market and competitive landscape that the organization operates within

  • Uses information and data effectively to support a position and present a rational case

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Job

:Risk Management

Primary Location

:New Jersey-Florham Park-200 Park Avenue – 06400 – Florham Park

Other Locations

:Massachusetts-Boston-75 State Street – 06366 – State Street-Corp

Organization

:Consumer & Business Banking (1001)

Schedule

:Full-time

Job Posting

:Feb 13, 2020, 10:33:51 PM