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VP, Credit Risk

Apply Req ID: Req0981928 Date posted 07/18/2022
VP, Credit Risk

Boston, United States of America

WHAT YOU WILL BE DOING

USA Job Family Description: Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

USA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Essential Functions/Responsibility Statements:

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

Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/or credit risk assessments.

Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls.

Partners with Business Line(s) to recommend and vet new products initiatives, origination strategies, pre-approval and pre-qualification campaigns,

underwriting techniques, peer group comparisons, and process optimization.

Assesses asset quality, status and appropriateness or existing risk controls/compliance with established underwriting policies/risk tolerance.

Ensures underwriting credit analysis is sound and justifies/mitigates the identified credit risk.

Monitors assigned lending and/or trading units compliance within credit policy and underwriting standards.

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 a comprehensive range of risk management expertise requiring the creation, implementation and validation of various risk segmentation strategies using complex data.

Leadsspecialriskmitigationprojectsand/orprograms,businesscontinuity andotherincidentresponseandsecurity relatedactivitiessupporting industry best practices, improved efficiency, effectiveness and risk reductions.

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.

Systematizes ad hoc reporting for line of businesses and team members to facilitate miscellaneous senior and executive management reporting and status updates as needed. Where required, provides review and challenge for senior management reporting.

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



Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:
Bachelor's Degree or equivalent work experience in Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field. (Req)
Master's Degree in Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field. (Pref)

Work Experience:
Risk Management, Credit Risk or Internal Audit experience. , 12-15 years (Req)
Financial Industry experience. , 12-15 years (Req)

Skills and Abilities:

Advanced knowledge and understanding/competency in regulatory matters and compliance along with demonstrated track record interacting and influencing regulators, external and internal audit.

Demonstrated expertise in Consumer and Banking businesses and applicable rules, regulations, policies, and processes.

Strong risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology

environment.

Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships

across business, functions, geographies, and lines of defense.

Advanced risk, process, and control validation and/or assessment skills. Advanced credit and risk, process, and control validation and/or assessment skills.

Excellent written, verbal, and presentation skills.


Diversity & EEO Statements: 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.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

English

Primary Location: Boston, Massachusetts, United States of America


Other Locations: Massachusetts-Boston


Organization: Santander Bank N.A.

As a part of our commitment to the health and safety of our employees and clients, we have implemented COVID-related health and safety requirements for our workforce. These requirements may include all or some combination of: disclosing your vaccination status, being fully vaccinated, regular testing, mask wearing and social distancing. As you go through our selection process, the requirements will be clearly disclosed to you.

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