Skip to main content

This site functions best with JavaScript enabled

Search Jobs

Sr. Associate, Credit Risk

Apply Req ID: 2001419 Date posted 03/26/2020
Sr. Associate, Credit Risk-2001419


The Sr. Associate, Credit Risk is responsible for partnering with the accountable business owner within 1st line of defense Risk Management and Controls. S/he is responsible for the remediation of the internal control environment within the business line and/or function area; as well as building and maintaining a strong internal controls capabilities for the first line of defense risk management and controls within the business line and/or functional area.

  • Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/or 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 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 specialty 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 a daily approval process of individual credits and the formal review process of the portfolio as a whole

  • 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.


  • 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

  • 9-12 years; Risk Management, Credit Risk or Internal Audit experience

  • Consulting, Financial Industry experience.

  • 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 Financial Industry

  • 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 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.

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

  • Brings out the best in each team member by consistently motivating and acknowledging peer contributions

  • Understands and leverages team dynamics

  • Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view

  • Ensures people receive the information they require, and brings the team together to share information

  • Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment

  • Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management

  • Fully accountable for timeliness, completeness, quality of projects, processes, products and services

  • Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks

  • Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact results

  • Uses informal networks to gain support for ideas and projects

  • Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization

  • Can identify functional and organizational implications associated with major trends

  • Designs solutions to address industry activities that impact the organization

  • Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary

  • Understands end to end processes across the organization and how processes are integrated

  • Has a practical knowledge of regulations impacting area supported


:Risk Management

Primary Location

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


:CRO (8855)



Job Posting

:Mar 26, 2020, 1:18:28 PM


Featured Jobs

View All of Our Available Opportunities

Your Jobs

You currently have no jobs saved.

Work in Boston

Check out where you could be working if you apply.

About this location

Get the Scoop

Keep your finger firmly on the pulse. Sign up, and you'll receive news, updates and alerts for the newest Santander roles as they become available.