Director, Credit Risk, Liberty Street, New York, NY

Director, Credit Risk, Liberty Street, New York, NY

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!

The Difference You Make:

The Director, Credit Risk Management performs a key role in the 1st line credit risk management function for Personal Loans, Credit Cards, and LOC. She/he/they work on underwriting and portfolio management strategies, underwriting standards, and credit loss management. This individual helps the 1st line business leaders drive the culture of credit risk awareness across the organization and develops credit strategies within the risk appetite of the bank. The individual also works with product, platform, and marketing team to execute new credit strategies.

• Develops credit strategies to improve the credit performance by leveraging data, machine learning models and advanced analytics tools to optimize risk decisions. Designs A/B tests and understand the risk-return trade-offs
• Coordinates implementation and associated controls for underwriting, line management and targeting criteria with internal tech and vendor systems
• Partners with second line risk management professionals on challenge and monitoring of credit strategies
• Monitors vintages and portfolio by customer segments, provides vintage loss forecast for profitability calculations.  
• Works with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements

What You Bring:
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.

Bachelor's Degree Required: Business, Statistics, Information Systems, Engineering, Finance, Economics
Master's Degree Preferred: Business, Statistics, Information Systems, Engineering, Finance, Economics

10+ Years Credit Risk Management experience within Financial Industry, including experience dealing with U.S. regulatory agencies required.

5+ Years Management/leadership experience. - Required.

5+ Years First Line of Defense Credit Risk experience required.

• Prior experience in credit bureaus, credit decision engines, credit modeling for underwriting and portfolio management decisions, income/identity verification and loss forecasting
• Solid knowledge of one of the current portfolios (card, loans, loc)
• Hands on expertise in doing advance analytics using SAS, R, python and working knowledge of tech infrastructure required to run loans and credit cards
• Ability to work in a matrixed organization and drive consensus based decisioning

Certifications:
No Certifications listed for this job.

It Would Be Nice For You To Have:
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

What Else You Need To Know:

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

Minimum:

$135,000.00 USD

Maximum:

$240,000.00 USD

Link to Santander Benefits:

Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

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 your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.