1LoD Credit Risk Review Quality Control - VP

Banco Santander SA; New York (NY); On-site; USD 86,000 - 155,000; Full time

Job summary

An established industry player is seeking a Vice President for Credit Risk Review Quality Control. This role is pivotal in managing the CIB Credit Risk Management Quality Control programs, ensuring compliance with internal standards and regulatory expectations. The ideal candidate will lead credit risk reviews, assess asset quality, and collaborate with various stakeholders to enhance risk management strategies. This position offers an engaging environment where your expertise in risk management and credit assessment will significantly impact the organization’s success. If you thrive in a dynamic setting and have a passion for financial services, this opportunity is perfect for you.

Qualifications

• 7+ years of experience in risk management, internal controls, or credit management.
• Ability to influence executives and collaborate across business lines.

Responsibilities

• Lead credit risk reviews and manage remediation efforts.
• Assess asset quality and compliance with underwriting policies.

Skills

Risk Management

Internal Controls

Auditing

Credit Management

Analytical Skills

Problem-Solving Skills

Collaboration

Education

Bachelor's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics

Master's Degree in relevant fields (Preferred)

Job description

1LoD Credit Risk Review Quality Control - VP

The position operates within the CIB First Line of Defense to develop, manage and execute the CIB Credit Risk Management Quality Control (Credit QC) programs. The Vice President position will be responsible for ensuring the loan portfolio is underwritten consistent with industry practices and conforms to all internal credit standards and procedures and all regulatory expectations. The Vice President will partner with the CIB Credit Professionals, Credit Risk Managers and CIB Issues Management on issues management and remediation.

Ensures transparency of business results, finance and processes. Typically organizes a reporting system and tracks goals accomplishment, collects and processes data and provides managers with all necessary company management data and information.

Essential Functions/Responsibilities:

• Leads and participates in credit risk reviews of the Corporate and Investment Bank (CIB) portfolios and contributes to the preparation of the review summary, findings, observations, and recommendations.
• Assesses asset quality, status, and appropriateness of existing credit risk controls/ compliance with established underwriting policies/risk tolerance.
• Ensures appropriate and timely assignment of risk ratings and identification and management of deteriorating credits.
• Reviews required documentation for loan review testing, inclusive of conducting credit file reviews and completing necessary workpapers.
• Assesses the effectiveness of portfolio management and credit monitoring functions and reporting.
• Follows up and tracks recommendations issued from prior reviews; performs validation of completed remediation.
• Follows up and tracks regulatory recommendations; performs validation of completed remediation.

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, Risk Management, Information Systems, Finance, Economics or equivalent field.
Master's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field. (Preferred)

Work Experience:
Risk Management, Internal Controls, Auditing, Credit Management, relevant line of business experience and/or legal or regulatory experience, 7+ years.

Skills and Abilities:

• Demonstrated experience executing risk projects across multiple business lines offering a wide variety of financial services products and services.
• Advanced knowledge of the financial services sector, particularly with the competitive dynamics and risk management.
• Advanced understanding of the regulatory environment and how the risks of the products and services the bank offers are viewed by the Second Line of Defense and regulators.
• Demonstrated judgement in escalation, ensuring risk-based clear line of sight for senior executives into existing and emerging issues/incidents.
• Ability to build credibility with, collaborate with, and influence line of business executives.
• Excellent analytical and complex problem-solving skills.
• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees.
• Ability to collaborate with internal and external service providers to establish resource requirements, scheduling, assignments and service levels.

EEO Statements: At Santander, we value and respect differences in our workforce. 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.

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

Minimum: $86,250.00 USD

Maximum: $155,000.00 USD