WORKOUT CREDIT OFFICER, VICE PRESIDENT, CREDIT RISK, 2ND LINE OF DEFENSE (CORPORATE & INVESTMEN[...]

Santander Bank, N.A.; New York (NY); On-site; USD 90,000 - 165,000; Full time

Job summary

Santander Bank, N.A. seeks a Workout Credit Officer, Vice President, with a focus on Credit Risk in Corporate & Investment Banking. The role requires substantial experience in risk management and credit analysis. Interested candidates will join an innovative team dedicated to financial solutions and risk management.

Benefits

Supportive culture emphasizing risk management

Professional development opportunities

Diversity and inclusion initiatives

Qualifications

• Minimum of 5 years’ experience in Risk Management, Credit Risk, Workout, Leveraged Lending, Project Finance, or Internal Audit.
• Strong analytical skills and understanding of leveraged finance markets and regulatory standards.

Responsibilities

• Analyze transactions and credit requests, provide recommendations and present cases to senior management.
• Manage portfolio risk through ongoing monitoring and compliance with credit policies.
• Lead special risk projects related to Workout.

Skills

Analytical skills

Financial modeling

Risk analysis

Project management

Communication

Education

Bachelor's degree in accounting, business, finance, economics, or related field

Tools

MS Excel

PowerPoint

Job description

Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking)

Join Santander Bank, N.A. as a Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking) .

About Santander

Santander is a global leader in financial services, committed to fostering an environment of continuous learning and growth. We value our employees and strive to create a diverse and inclusive workplace where talent can thrive. Join us to explore your potential and contribute to innovative financial solutions worldwide.

Job Responsibilities

• Analyze transactions and credit requests, including amendments, extensions, DIP, and exit financings related to Chapter 11, debt restructuring, and insolvency proceedings; provide credit recommendations and present cases to senior management and underwriters.
• Assist with interactions and reporting for internal / external auditors and regulatory authorities.
• Manage portfolio risk through ongoing monitoring, limit reviews, and data integrity checks in credit and booking systems.
• Determine and update credit loss reserves and manage write-offs in accordance with policies and regulations.
• Ensure compliance with all Workout and Credit policies, standards, and regulations.
• Provide independent oversight of credit quality, including daily credit approvals and portfolio reviews.
• Stay updated on market developments, best practices, and trends in Workout and risk management.
• Lead special risk projects, business continuity, and incident response activities related to Workout.

Qualifications

Minimum of 5 years’ experience in Risk Management, Credit Risk, Workout, Leveraged Lending, Project Finance, or Internal Audit. Candidates should possess strong analytical skills, experience with financial modeling, and a thorough understanding of leveraged finance markets and regulatory standards.

Skills & Abilities

• Proficiency in MS Excel and PowerPoint.
• Bachelor’s degree in accounting, business, finance, economics, or related field.
• Ability to analyze risk, design controls, and evaluate credit structures.
• Excellent communication, presentation, and project management skills.
• Experience interacting with regulators, auditors, and management at all levels.

Additional Information

Position based in New York, NY, with a salary range of $90,000 - $165,000 annually. Santander offers a supportive culture emphasizing risk management, diversity, and professional development. We encourage all qualified applicants to apply and provide accommodations for applicants with disabilities.

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