Associate, Credit Risk

Company: Santander Bank
Location: East Providence
Posted on: November 12, 2021

Job Description:

The Associate, Credit Risk is responsible for risk concentration monitoring, analysis, and reporting. The incumbent will analyze and summarize current and prospective trend financial characteristics, regulate risk exposure and controls by identifying areas of concern, opportunities, and reports on potential and/or known issues while recommending process improvements. Analyzes counter party portfolio and cross-border risk data, events and trends Collaborates cross-functionally with Information Technology to ensure the establishment of recovery testing methodologies; the planning and coordination of the testing of recovery support and business resumption procedures Develops and presents comprehensive risk exposures and recommendations on best practices for remediate and implement to management Ensures business activities and operations are in compliance with applicable policies, procedures and/or regulatory requirements Evaluates counter party credit equivalent exposure in non-standard trade positions using modeling techniques Generates routine analysis and insights using raw and multiple data sources for reporting Identifies potential credit risks and assesses impact, probability of occurrence and timeframe Implements quality controls and processes; determines resolution steps for quality issue, with escalation and reporting as required Investigates various credit risk inquiries, proposals, plans, and makes recommendations as directed by management or at own initiative Maintains abreast emerging risk trends and risk management best practices; summarizes and communicates findings with team., Performs ad-hoc projects requiring planning, research, analysis, and recommendations to management via formal presentations and/or written communications Provides guidance and subject matter expertise regarding credit risks and mitigation planning to colleagues across the organization Regulates credit risk exposure, mitigation, and controls for new products and implements solutions to existing programs Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members. At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply. Bachelor's Degree: Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field required Master's Degree: Accounting, Business, Statistics, Information Systems, Finance, Economics or equivalent field or equivalent work experience preferred 5-9 years; Risk Management, Credit Risk, or Internal Audit, Financial Services industry experience Ability to adjust to new developments/changing circumstances Ability to build and foster internal relationships Ability to maintain accuracy while handling sensitive data files, working with that data and reconciling final results with original numbers Ability to maintain accuracy while handling sensitive data files, working with that data and reconciling final results with original numbers Ability to work with large databases and datasets for extraction and conversion into useful final results with original numbers Demonstrated credit analysis skills for understanding/tracking and market risk & modeling skills for evaluating related risk exposures Detailed knowledge of a commercial banks credit and counterparty customer populations, understanding their characteristics according to portfolio (aggregate) credit quality measures and individual customer financial characteristics Strong project management skills Minimal physical effort such as sitting, standing, and walking Communicates in a timely and straightforward manner Probes for additional information, clarifies assumptions and confirms agreed-upon actions Keeps everyone involved informed about progress and issues Communicates the importance and benefits of risk management to counterparts Displays natural skepticism and curiosity to question the status quo and uncover issues Adheres to a good root cause analysis process Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change Provides assistance and coaches less experienced team members Executes risk management process and procedures without management direction, and demonstrates awareness of expected results Knows the relationship and impact of actions and results Has an understanding of regulations impacting area supported Follows through to meet commitments to others Takes responsibility for achieving strong results, despite balancing multiple complex demands Knows who to reach out to inside and outside of one's team to get work done Takes action to enhance working relationships needed to achieve seamless workflow Stays current with industry and regulatory trends and emerging risk issues Has good understanding of current market and competitive landscape that the organization operates within Uses information and data effectively to support a position and present a rational case Primary Location: East Providence, Rhode Island, United StatesOther Locations: -,Rhode Island-East ProvidenceOrganization: Santander Bank, N.A.

Keywords: Santander Bank, East Providence , Associate, Credit Risk, Other , East Providence, Rhode Island