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Credit Risk Specialist - Subscription Finance - VP

New York City, NY, USA | Santander Bank

  • Industry:
    Banking / Investment Banking
  • Position Type:
  • Functions:
    Financial Services Professional
    Risk Management
  • Experience:
    10-12 years
Job Description:
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Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o Subscription & Asset Backed Fund Finance credit risk assessments

Influences others at an operational level regarding new concepts, best practices and approaches related to credit risk mitigation, credit risk identification and resolution, and/or credit risk management

Leads special risk mitigation projects and/or programs, business continuity and other incident response and security related activities supporting Subscription & Asset Backed Fund Finance industry best practices, improved efficiency, effectiveness and risk reductions

Monitors assigned lending units compliance with credit policy and underwriting standards

Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes

Participates in the development of Subscription & Asset Backed Fund Finance lending underwriting standards and guidelines as well as being responsible for the overall credit quality monitoring of portfolios, including the review of delinquencies, risk ratings, industries, etc.

Partners with the accountable business owner for effective 1st line of defense Risk Management and Controls

Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio as a whole

Provides robust review and challenge of all Credit Presentations

Provides oversights on risk-management content/processes followed by the 2nd line of defense

Reviews Relationship Managers workload and credit assignments of assigned units, and making recommendations as required

Systematizes ad hoc reporting for line of businesses and team members to facilitate miscellaneous senior and executive management reporting and status updates as needed

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

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

QUALIFICATIONS

At least 9 years within Risk Management, Credit Risk or Internal Audit space, Consulting, or Financial Industry

Subscription & Asset Backed Fund Finance underwriting experience also desired

Bachelor's Degree in Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field

Ability to analyze risk and design efficient control practices and processes to remediate/minimize risk

Ability to interact with all levels of management, work independently and in a team environment

Ability to multi-task, prioritize activities, manage conflicts of interest, delegate, and meet deadlines while working in a fast paced-environment

Advanced knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of Subscription & Asset Backed Fund Finance and Financial Industry

Demonstrated credit analysis and underwriting skills for understanding / tracking underlying transactions and counter party performance

Market risk & modeling skills for evaluating trade positions and the related counter party risk exposures

Demonstrated knowledge of credit policies and procedures, regulations and applicable law(s)

Demonstrated track record interacting with the regulators, external and internal audit. Excellent written and verbal communication. Strong presentation skills. Superior project management skills


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