Fund Finance / Markets / Financial Sponsors Credit Risk 2nd Line of Defense - Corporate & Investment Banking

Fund Finance / Markets / Financial Sponsors Credit Risk 2nd Line of Defense - Corporate & Investment Banking

Country: United States of America

Your Journey Starts Here:

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

Job Function Description:

• Ensures adherence to the policies and procedures for Fund  Finance credit risk.

• Represents 2LOD in all new CIB Fund Finance deal screenings, perform credit analysis to determine deal viability, and compliance with Fund Finance credit underwriting standards.

• Review and challenge on all new Fund Finance underwritings.

• Review all Fund Finance annual reviews.

• Manages and ensures compliance with all Fund Finance policy, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.

• 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 Fund Finance, NAV Lending, and Hedging.

• Leads special risk projects and/or programs, business continuity and other incident response and security related activities supporting Fund Finance 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, Fund Finance and NAV Underwriting, 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.

• Advanced knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of Fund Finance, 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)

• 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 a