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

Workout Credit Officer, Vice President, Credit Risk, 2nd Line of Defense (Corporate & Investment Banking) at Santander Holdings USA Inc summary:

As a Workout Credit Officer, Vice President in Credit Risk, I analyze and provide credit recommendations for transactions and credit requests related to debt restructuring and insolvency proceedings. I oversee compliance with credit policies and assist in managing risks while ensuring data integrity and accuracy in reporting processes. My role includes portfolio management, credit loss assessment, and leading special risk projects within the corporate and investment banking sector.

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

New York, United States of America

Job Function Description:

• Analyzes transactions and credit requests, including amendments and extensions, DIP and exit financings related to Chapter 11, debt restructuring and insolvency proceedings; provides credit recommendations and presents the cases to senior management and/or underwriters.

• Assists in interactions with - and contributes to ongoing reporting requirements for - internal and external auditors as well as regulatory authorities.

• Performs portfolio management in conjunction with other 2nd Line as well as 1st line colleagues; responsible for ongoing risk and portfolio monitoring for assigned counterparties, including limit review and oversight of data integrity in credit and booking systems.

• Determines and regularly refreshes credit loss reserves and write-offs based on internal policies and guidelines as well as regulatory requirements.

• Manages and ensures compliance with all Workout and Credit policies, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies and applicable regulations.

• Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio.

• Remains up to date on all market developments, best practices, and trends within Workout and the risk areas it covers.

• Leads special risk projects and/or programs, business continuity and other incident response and security related activities in connection with the Workout mandate.

Essential Functions / Responsibility Statements:

• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.

• Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments.

• Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls

• Provides oversights on risk-management content/processes.

• Provides oversights on risk-management content/processes followed by the 2nd line of defense.

• Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

• Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship.

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.

Work Experience:

Minimum of 5 years; Risk Management, Credit Risk, Workout, Leveraged Lending, Project Finance, or Internal Audit experience.

Skills and Abilities:

• Strong MS Excel and PowerPoint skills required.

• Bachelor’s degree in accounting, business, statistics, finance, economics, or equivalent field

• Ability to analyze risk and design efficient control practices to effectively manage risk.

• Ability to multi-task, prioritize activities, manage conflicts of interest, delegate, and meet deadlines.

• Solid understanding of the leveraged finance market and regulatory standards with an ability to assess credit structures and documentation and suggest appropriate changes.

• Strong accounting and credit risk analysis skills (leveraged loan and high-yield structures a plus), financial modeling/forecasting, and understanding of derivative structures.

• Good knowledge of a range of commercial banking products and associated documentation, including ability to review and analyze legal documents.

• Demonstrated credit analysis and underwriting skills for understanding / tracking underlying counter party performance.

• Ability to evaluate counter party risk exposures.

• Demonstrated knowledge of credit policies and procedures, regulations, and applicable law(s)

• Demonstrated track record interacting with the regulators, external and internal audit.

• Excellent written and verbal communication.

• Strong presentation skills. Superior project management skills.

• Ability to interact with all levels of management, work independently and in a team environment.

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.

Primary Location:  New York, NY, Madison Ave Corp

Other Locations:  New York-New York

Organization:  Banco Santander S.A.

Salary: $90,000 - $165,000/year

Keywords:

Credit Risk, Workout Credit Officer, Debt Restructuring, Portfolio Management, Regulatory Compliance, Credit Analysis, Risk Management, Corporate Banking, Insolvency, Financial Services