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Sr. Appraisal Analyst - Credit Risk

Apply Req ID: 2102048 Date posted 05/06/2021

The Sr. Appraisal Analyst - Credit Risk reviews, analyzes, evaluates or renders risk-based processing and reporting to reduce operating losses and maintain maximum protection of the organization's assets and services. S/he will supporting the second line of defense and recommends opportunities and proposes resolutions for improved efficiency, effectiveness, and risk minimization.

  • Completes monthly QA appraisal review sample as part of the 2nd Line of Defense
  • Adjusts risk management policies, systems, and processes to solve problems or improve effectiveness within the department
  • Analyzes trends in risk data and escalates developments according to company policy and procedures for risk escalations
  • Assists in processing risk assessments by analyzing risk data and identifying any plausible risks affecting the business and operations
  • Assists senior level staff and management as requested
  • Evaluates risk management contingency plans and reports findings
  • Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement
  • Informs employees on risk policies and guidelines to build a risk aware culture and practice across the organization
  • Interprets and applies procedures, ensures analysis is documented and that records are maintained
  • Operates as a point of contact for the department by responding to internal inquiries regarding policies, procedures, regulatory requirements, and project status updates
  • Performs other duties and responsibilities as assigned., Prepares appropriate review memorandum summarizing liabilities and recommending follow-up evaluations
  • Provides procedural guidance and support to junior analysts in the various functions of the department, and in the methods of tools of analysis
  • Researches a wide variety of topics and issues including emerging risks and trends and risk management best practices; summarizes and communicates findings with team
  • Reviews identified risks and liabilities; informs and recommends resolutions with business lines to mitigate risk potential
  • Shares insight to causes of risk indicators and proposes recommendations to resolve or mitigate identified risks with team.

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

  • Certified Residential Appraisal Certification required
  • Appraisal review of residential properties experience required
  • Knowledge of regulatory guidelines (Fannie Mae FNMA, Freddie Mac FHLMC, FHA, OCC Guidelines)
  • Prior experience with a lender or bank is preferred
  • Bachelor's Degree; Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience
  • 3-5 years’ experience
  • Ability to analyze risk and provide recommendations and/or resolutions to minimize risk
  • Ability to build and foster internal relationships
  • Ability to change direction as project demand dictates
  • Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner
  • Ability to interpret, analyze and apply data/information
  • Ability to organize and prioritize multiple tasks to meet deadlines
  • Ability to stay abreast of industry best practices, procedures, and techniques
  • Ability to summarize, document, and communicate information in a clear and concise manner
  • Ability to work independently as well as collaboratively within a team environment
  • Demonstrated practical and theoretical knowledge of risk principles, concepts and policies., Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills
  • Strong organizational and time management skills
  • Strong problem solving and critical thinking skills
  • Strong quantitative capabilities and analytical skills, including an investigative mindset
  • Strong verbal and written communication skills
  • 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 ones 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

Primary Location: Boston, Massachusetts, United States

Other Locations: Rhode Island-East Providence,Massachusetts-Dorchester,Rhode Island-Providence,Massachusetts-Boston

Organization: Santander Bank, N.A.


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