Embarking on a Journey of Transformation at Santander, Liberty Street, New York
Bearing the title of a global leader and innovator in the financial services industry, Santander is well into its journey of transformation from a high-impact brand into a technology-driven organization. This shift isn’t simply strategic; it’s an opportunity for professionals with drive and ambition to grow, learn, and make a significant difference. At the core of this transformation are the people of Santander, who are driving a customer-centric shift that values bold thinking, innovation, and challenging what’s possible. If the prospect of such a journey intrigues you, Santander is keen to open discussions. (source)
Role of the Sr. Director, 1st Line Credit Risk in this Transformation
Integral to this transformation is the role of the Sr. Director, Credit Risk Management. This individual will own the 1st line credit risk management function for Credit Cards and Small Business Lending. In charge of leading and building a high-performing credit risk organization, the role involves managing the end-to-end credit risk of Credit Card and Small Business lending portfolios. It involves setting the vision for credit risk, establishing robust credit policies, and building modern risk capabilities. The Sr. Director will also actively manage portfolio performance across the credit lifecycle. (source)
Responsibilities and Impact
The Sr. Director will be the first line of defense in committee meetings, driving a culture of credit risk awareness across the organization. They will work with the 2nd line Risk Management to establish a risk appetite framework and develop credit strategies within the risk appetite of the bank. The role also involves working with the product, platform, and marketing team to generate attractive risk-adjusted returns that meet the bank’s hurdle rate. The Sr. Director will also oversee the 1st line Credit Risk management team, ensuring the implementation of credit risk management strategies across the customer lifecycle.
Essential Skills and Qualifications
The Sr. Director is expected to bring a wealth of experience and expertise to the role. A Bachelor’s degree in Business, Statistics, Information Systems, Engineering, Finance, or Economics is required, while a Master’s degree in the same fields is preferred. Additionally, at least 12 years of Credit Risk Management experience within the Financial Industry, including dealing with U.S. regulatory agencies, is required. The candidate should also have 5+ years of experience managing teams of credit analysts, underwriters, and data scientists in Credit cards, Small Business lending, or consumer unsecured personal loan products. Expertise in credit bureaus, credit decision engines, credit modeling for underwriting, and portfolio management decisions are also essential. (source)
Rewarding Impact at Santander
Santander values and recognizes the impact of its employees. The bank offers a competitive rewards package that reflects the impact and value an employee brings to the table. Beyond a paycheck, the benefits are designed to support the individual, their family, and their well-being in the present and the future. The base pay range for this position is between $165,000.00 USD and $300,000.00 USD. (source)
A Strong Risk Culture and Equal Opportunities
Santander embraces a robust risk culture, and all its professionals are expected to take a proactive and responsible approach towards risk management. The bank is an equal opportunities employer, valuing and respecting differences in its workforce. It actively encourages everyone to apply, and 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. (source)
Take The Next Step
If you find this role aligns with your career aspirations, Santander encourages you to apply. The bank is 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, you can reach out to Santander at TAOps@santander.us. (source)
