VP, Senior Associate, Credit Risk- ABS Finance
Company: Santander Holdings USA Inc
Posted on: November 26, 2022
VP, Sr. Associate, Credit Risk- ABS FinanceCountry: United
States of AmericaWHAT YOU WILL BE DOINGThe Associate,
ABS/Securitization Lending Risk Management will provide detailed
credit analysis of new securitization positions and assist in the
risk monitoring of the securitization portfolio. As a
representative of the second line of defense, the candidate will be
responsible for the review and challenge of securitization related
credit proposals and for validating risk ratings proposed by the
first line of defense. Candidates should be able make risk
recommendations leveraging their experience evaluating
ABS/securitization positions. Previous experience evaluating
ABS/securitization positions is required and background analyzing a
diverse set of ABS sectors such as auto loan/lease, dealer
floorplan, equipment lease, and credit card is
preferred.Additionally, she/he will work with the underwriting and
portfolio monitoring team to monitor and track the existing
portfolio performance by assessing its ongoing creditworthiness,
reviewing the deals' compliance with the existing contractual terms
and conditions included in all legal documentation, and identifying
emerging credit risks.She/he will work to maintain and enhance
strong internal controls for the product and will also work closely
with the Head of Securitization Lending Risk to enhance/expand
modeling capabilities.The candidate will be part of the wider
Structured Finance Credit Risk Group, which is responsible for
Santander's Corporate & Investment Banking lending activities in
the US for the following asset classes: Project Finance, Fund
Finance, Securitization Lending, and Commercial Real Estate.
Experience in these asset classes aside from ABS/securitization
would add additional value. In addition, the candidate will have
the opportunity to work on projects outside of their core
responsibility to meet the needs of the overall Structured Finance
business providing relevant growth opportunities.
Responsibilities:The role's duties and responsibilities can be
summarized as follows:
- Review of the credit proposals for new Securitization
- Monitors Securitization positions and portfolio for compliance
with credit policy and underwriting standards.
- Participate in the production, review, and presentation of the
documentation needed to be presented to relevant risk approval
- Periodically review, update, and expand credit risk
- Utilize background in ABS/securitizations to develop and
enhance portfolio limits and guidelines, risk rating models
- Ensure underwriting and monitoring complies with all regulatory
- Responsible for special risk mitigation projects and/or
programs, business continuity and other incident response and
security related activities supporting risk colleagues.
- Ensure consistent quality control, accuracy, and compliance
with internal policies and regulatory requirements for reporting
processes.At Santander, we value and respect differences in our
workforce and strive to increase the diversity of our teams. We
encourage everyone to apply.The candidate should have:
- Knowledge of the ABS/Securitization structures, market, and
transaction documentation required.
- Previous experience working with securitization/ABS cash flow
models and developing model assumptions.
- Ability to analyze risk and design efficient control practices
and processes to remediate/minimize risk.
- Ability to interact with all levels of management, work
independently and in a team environment.
- Strong presentation skills.
- Superior project management skills.
- Bachelors' degree or equivalent.
- 3 to 7 years of experience in ABS/Securitization related risk
- Previous experience collaborating with risk colleagues, working
with securitization product specialists, presenting to senior
management, etc.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: 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. For NYC Job Applicants: The
base annual salary range for this position is
$112,041.00-$170,000.00. The exact compensation may vary based on
skills, experience, training, licensure and certifications and
location. Primary Location: New York, New York, United States of
AmericaOther Locations: New York-New YorkOrganization: Banco
Keywords: Santander Holdings USA Inc, New York , VP, Senior Associate, Credit Risk- ABS Finance, Accounting, Auditing , Edgewater, New York
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