VP, Counterparty Credit Risk - Corporate and Investment Banking

Company: Santander Holdings USA Inc
Location: New York
Posted on: May 13, 2025

Job Description:

VP, Counterparty Credit Risk - Corporate and Investment BankingNew York, United States of AmericaUSA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.Essential Functions/Responsibility Statements:

• Serves as a daily contact and ensures ongoing CCR support and oversight for all applicable US Santander Entities. -
• Runs CCR models (stress testing, back testing, and settlement risk) that meet internal and external requirements.
• Assist in maintaining, testing, and improving CCR models; handles calibration, simulation, and pricing across all major asset classes.
• Formalizes testing protocols and processes to ensure that risk analytics deliverables that require system implementation are thoroughly tested, documented, and signed off ahead of production release.
• Assist in setting and monitoring CCR limits.
• Ensures key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner.
• Develops robust reporting to facilitate effective executive management requirements.
• Performs statistical analysis of large volume of financial data, such as historical data analysis.
• Works with IT on systems implementation.
• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
• Manages risk analytics regulatory and BAU projects to ensure fulfillment of requirements and a timely delivery.
• Creates and maintains project plans and status reports.
• Establishes and manages project forums as appropriate; prepares meeting materials and minutes.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.
  • 8-to-10-year experience within the financial industry.
  • Bachelor's Degree in Statistics, Math, Finance, Accounting, Economics, or equivalent field.
  • Knowledge of derivatives and lending products, stochastic calculus and linear algebra.
  • Ability to analyze risk and design efficient control practices to manage risk.
  • Ability to interact with all levels of management, work independently and in a team environment.
  • Ability to multi-task, prioritize activities, manage conflicts of interest and meet deadlines.
  • Demonstrated knowledge of credit policies, procedures, regulations and applicable law (SA-CCR and Basel III).
  • Excellent written and verbal communication skills.
  • Solid project management skills.
  • Knowledge of SQL, Python, Microsoft Excel and PowerPoint.
  • Proactive approach, initiative and resourcefulness
  • Entrepreneurial spirit and attention to detail
  • Team playerEEO Statements: 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. Occassional 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.
    
    Primary Location: -New York, NY, Madison Ave Corp
    Other Locations: -New York-New York
    Organization: -Banco Santander S.A.Salary: $101,250 - $185,000/year

Keywords: Santander Holdings USA Inc, Parsippany-Troy Hills Township , VP, Counterparty Credit Risk - Corporate and Investment Banking, Executive , New York, New Jersey