Vice President - CLO Warehouse and Securitization Credit Risk 2nd Line of Defense -Corporate & Investment Banking
Job Function Description:
Ensures adherence to the relevant policies and procedures.
Represents 2LOD in all new CIB CLO Warehousing and Trade Receivables Securitization deal screenings, perform credit analysis to determine deal viability, and compliance with credit underwriting standards.
Review and challenge on all new underwritings for products covered.
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.
Identifies, manages, and reports on the company's risk areas.
Maintains up to date on all market developments, best practices, and trends within the broader CLO, Leverage Finance, and Securitization segments.
Leads special risk projects and/or programs, business continuity and other incident response and security related activities supporting industry best practices.
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:
5-7 years; Risk Management, Credit Risk, CLO Warehouse Financing and CLO financings, Leverage Finance, Underwriting, Securitization or Internal Audit experience. Experience with Trade Receivables financing is a plus.
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.
Knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of CLO, Leverage Finance, and Securitization segments, and Financial Industry
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)
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. 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: 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 Range
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Are you ready to take on a pivotal role as the Vice President - CLO Warehouse and Securitization Credit Risk in the 2nd Line of Defense at a leading Corporate & Investment Banking firm? Based in the United States, this exciting opportunity invites you to become a key player in ensuring adherence to vital policies and procedures, all while making impactful decisions that shape the world of credit risk. In this role, you'll represent the 2LOD during the evaluation of CLO warehousing and securitization deals, conducting thorough credit analyses to assess deal viability and regulatory compliance. With your expertise, you'll provide independent oversight on credit quality across diverse portfolios, engaging in daily approvals and rigorous reviews. Your insight will guide risk identification and management while you stay updated on market trends and best practices in the CLO and leverage finance sectors. In addition to leading special risk projects, you will focus on maintaining stringent quality control and regulatory compliance. You’ll have the chance to collaborate with business partners to foster effective risk management while utilizing your extensive knowledge and strong analytical skills. If you have a background in risk management, credit risk, and securitization, and are looking for an opportunity to mentor and make strategic decisions, this Vice President position could be your next big career move. Join us at Santander and help shape the future of finance!
Our goal is simple: to be the bank of choice in each of our diversified markets. We recognize that to be a leader, we must hire leaders. Our teams consist of the best and brightest, the type of people that embrace challenge and work to excel bey...
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