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Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NY

Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NYCountry: United States of AmericaEssential Functions/Responsibility Statements:• Develops credit strategies to improve the credit performance by leveraging data, machine learning models and advanced analytics tools to optimize risk decisions. Designs A/B tests and understand the risk-return trade-offs• Coordinates implementation and associated controls for underwriting, line management and targeting criteria with internal tech and vendor systems• Partners with second line risk management professionals on challenge and monitoring of credit strategies• Monitors vintages and portfolio by customer segments, provides vintage loss forecast for profitability calculations.• Works with legal and compliance team to ensure strategies and policies comply with all the regulatory requirementsSkills and Abilities:• Prior experience in credit bureaus, credit decision engines, credit modeling for underwriting and portfolio management decisions, income/identity verification and loss forecasting• Solid knowledge of one of the current portfolios (card, loans, loc)• Hands on expertise in doing advance analytics using SAS, R, python and working knowledge of tech infrastructure required to run loans and credit cards• Ability to work in a matrixed organization and drive consensus based decisioningEducation: Bachelor's Degree required: Business, Statistics, Information Systems, Engineering, Finance, Economics. Master's Degree preferred.Work Experience:• 10+ Years Credit Risk Management experience within Financial Industry, including experience dealing with U.S. regulatory agencies required.• First Line of Defense Credit Risk experience required.• This position is Hybrid and will require time in the office.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: 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.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 RangeMinimum:$142,500.00 USDMaximum:$250,000.00 USD

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Tim Wennes

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What You Should Know About Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NY, Santander

Are you ready to take your career to the next level? We're on the lookout for a Director of Credit Risk Management (Lending, Card, Partnerships) right here in Madison, NY! In this pivotal role at Santander, you'll be at the forefront of developing innovative credit strategies aimed at enhancing credit performance by utilizing advanced data analytics and machine learning models. Your job will be to design A/B tests that evaluate risk-return trade-offs, ensuring our decisions are data-driven and effective. Collaborating with internal tech teams and vendors, you'll coordinate controls for underwriting and targeting criteria, working closely with risk management professionals to monitor and challenge credit strategies. You'll also be responsible for tracking vintages and segment performances, providing crucial insights for profitability calculations while ensuring compliance with regulatory standards alongside our legal team. With a Bachelor's Degree in Business, Statistics, or a related field, plus 10+ years of experience in credit risk management, you’re the perfect fit for this hybrid position that values teamwork and innovation. Join us at Santander, where we embrace diversity and inclusivity in our workplace. Let's redefine the future of credit risk management together!

Frequently Asked Questions (FAQs) for Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NY Role at Santander

What responsibilities does the Director of Credit Risk Management at Santander entail?

The Director of Credit Risk Management at Santander is responsible for developing credit strategies that enhance credit performance using data and advanced analytics. Key responsibilities include coordinating underwriting controls, monitoring customer segments, and partnering with risk management professionals to ensure compliance with regulatory requirements.