SCUK Senior Credit Risk Analyst

Banco Santander SA; Redhill; On-site; GBP 70,000 - 90,000; Full time

Benefits offered by this job

Competitive salary dependent on exp

27 days holiday per annum

Annual bonus

Private medical cover

Generous pension contributions

Employee assistance programme

Sharesave scheme

Gym passes

Job summary

Santander Consumer Finance in the United Kingdom is seeking a Senior Credit Risk Analyst to manage a wholesale dealer portfolio and provide robust risk-based credit recommendations. You will combine detailed financial analysis with commercial judgement, engaging with Commercial, Legal & Compliance, and manufacturer partners.

The role is hybrid with at least three days in the Redhill office; remote work is not offered.

Qualifications

• Strong experience in credit underwriting and deal structuring.
• Excellent numerical and analytical capability with key financial ratios.
• Ability to translate complex financials into clear credit recommendations.
• Familiarity with credit bureau information and external data sources.
• Strong judgement, attention to detail and risk awareness.
• Excellent written and verbal communication at senior levels.

Responsibilities

• Prepare complex credit reviews for dealers ensuring policy compliance.
• Monitor portfolio and perform annual reviews with risk analytics.
• Develop robust recommendations supported by KPI analysis.
• Assess higher-risk proposals and restructuring requests with risk papers.
• Conduct dealer visits and gather financial/non-financial data.
• Approve credit limits within mandates and mentor junior staff.
• Contribute to month-end risk reporting and controls.

Skills

Credit underwriting

Deal structuring

Financial analysis

Stakeholder management

Excel

SAS

Power BI

Risk assessment

Attention to detail

Tools

SAS

Power BI

Excel

Job description

SCUK Senior Credit Risk Analyst Country: United Kingdom

This is an excellent opportunity to take on a key role within the Santander Consumer Finance Risk Department, helping to manage the credit risk associated with a portfolio of motor dealers and associated products. You’ll have exposure to complex credit decisions, higher-risk and vulnerable dealer accounts, and some of the organisation’s key wholesale relationships. You’ll combine detailed financial analysis with commercial judgement, producing robust credit recommendations and helping to maintain the quality and stability of the wholesale dealer portfolio. The role also provides the opportunity to work with a broad range of internal and external stakeholders, including Commercial, Finance, Legal & Compliance, manufacturer partners, business owners and third parties.

Please note this role is a hybrid role with at least 3 days a week in the Redhill office. Remote workers will not be considered. Please note the closing date for this role will be, end of day, 28th October 2026.

Responsibilities will include:

• Preparing and completing complex and aggregated credit reviews for new and existing funded motor dealers, ensuring submissions meet UK Loan Committee and Madrid standards and comply with Credit Risk Policy and the Risk Appetite Framework.
• Managing an allocated portfolio of Wholesale and Credit Concern dealers, including ongoing monitoring, annual reviews, covenant tracking, financial assessment and early-warning identification.
• Producing comprehensive financial analysis and clearly evidenced recommendations or decisions, supported by robust rationale and appropriate KPIs.
• Supporting the assessment of higher-risk proposals, restructuring requests and vulnerable dealer exposures through detailed risk analysis and recommendation papers.
• Completing dealer risk-rating assessments using internal Santander models and tools.
• Proactively monitoring high-risk Wholesale accounts and wider portfolio risk trends, escalating material changes, vulnerable dealer concerns and potential issues.
• Supporting month-end risk reporting, including provisions, Dun & Bradstreet information, Wholesale SAS data and Risk Control reports.
• Reviewing stock audit reports and taking appropriate action to mitigate potential losses, engaging with Commercial teams, dealers and third parties where necessary.
• Supporting legal documentation, securities and the conditions associated with credit sanctions and the release of funds.
• Undertaking dealer visits when required, engaging directly with business owners and directors to gather financial and non-financial information.
• Exercising authority to approve credit limits within assigned mandates.
• Mentoring new analysts and new joiners within the Wholesale team, supporting the delivery of clear training plans.
• Adhering to our commitment to Consumer Duty ensuring we put our customers’ needs first and set higher and clearer standards of consumer protection

What we’re looking for:

• Strong experience in credit underwriting, deal structuring and client-facing situations.
• Excellent numerical and analytical capability, with an in-depth understanding of key financial ratios and the ability to interpret economic and financial data.
• The ability to turn complex financial information into clear insight and robust recommendations that support effective credit decisions.
• Familiarity with credit bureau information and external data sources used to support credit underwriting.
• Strong judgement, attention to detail and an inquisitive approach, with the confidence to identify and escal… changes in risk.
• Excellent written, verbal, presentation and interpersonal skills, including the ability to communicate effectively at senior levels.
• Strong organisation and time-management skills, with the ability to work independently and deliver quality outputs against demanding deadlines.
• Strong IT and Excel skills; knowledge of SAS and Power BI is also highlighted within the role profile.
• Knowledge of the motor finance sector or a similar vendor finance environment would be a distinct advantage.
• A collaborative, self-motivated approach with the ability to use initiative while contributing effectively as part of a team

We have a range of benefits available which include:

• Competitive salary dependent on experience
• 27 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• Private medical cover £500 flexible benefit allowance
• Generous pension contributions
• Employee assistance programme
• Sharesave scheme
• Gym passes at a reduced rate for 3,000 gyms, leisure centres etc

Other things you need to know:

The hours for this role are 09:00-17:00 across Monday to Friday Inclusion At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair. At Santander Consumer Finance we have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind. Should you want to be considered for part time hours, please let us know and we can assess your requirements.