Commercial Banking Credit Underwriting Quality Assurance Associate - Santander US
Boston, MA
About the Job
Commercial Banking Credit Underwriting Quality Assurance Associate
Boston, United States of America
The Commercial Banking Credit Underwriting Quality Assurance Associate (Associate, Risk Management) leverages their subject matter expertise in second line defense to improve existing processes and practices. They lead special risk mitigation projects and/or programs, business continuity and other incident response and security related activities supporting industry best practices, improved efficiency, effectiveness and risk reductions.
+ Position entails performing Quality Assurance over commercial credit underwriting and analysis through the completion of test scripts/workpapers
+ Position requires commercial credit underwriting background with the ability to analyze cash flows, collateral and assess compliance with credit policies and standards
+ Ability to analyze C&I, CRE/Multifamily and specialty lines of business/products in the middle market, mid-corporate and large corporate spaces
+ Fast-paced environment requiring excellent time-management and ability to adhere to deadlines
+ Ability to communicate effectively and guide QA team when leading QA reviews; team-player and collaborative with ability to be a self-starter and work independently
+ Ability to synthesize and assimilate complex QA findings into a concise, succinct QA memo at the conclusion of reviews
+ Ability to present results at committee meetings and various forums
+ Ability to communicate effectively across the organization, including executive management, internal audit and regulators
+ Participate in the development and management of issues identified and the remediation of same
+ Engage in the further development of the QA program, policies and procedures, inclusive of special projects
+ Builds positive relationships with executives, managers and teams, while developing an understanding of the business and strategic initiatives
+ Coaches, reviews and delegates work to junior level professionals
+ Enhances governance processes in support of infrastructure builds and oversee strategic compliance / business solutions
+ Identifies enterprise trends, synergies, and opportunities for change
+ Influences others at an operational level regarding new concepts, best practices and approaches related to risk mitigation, risk identification and resolution, and/or risk management
+ Initiates change, integration, operationalization of new events
+ Leads special risk mitigation projects and/or programs, business continuity and other incident response and security related activities
+ Leverages subject matter expertise in second line to significantly improve existing processes and practices
+ Maintains a strong rapport with local risk teams to create a strong risk culture of performance and accountability
+ Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes., Represents organization as a primary contact for specific risk management projects and initiatives
+ Serves as a liaison between first and third lines of defense
+ Systematizes ad hoc reporting for line of businesses and team members to facilitate miscellaneous senior and executive management reporting and status updates as needed
+ Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
Qualifications:
+ Education: Bachelor's Degree in Accounting, Business, Statistics, Risk Management Finance, Economics or equivalent field or or equivalent work experience. Master's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience preferred.
+ Experience: 5 + years of commercial credit underwriting, account management and review experience, multifamily CRE preferred
+ Ability to adjust to new developments/changing circumstances
+ Ability to analyze risk and design efficient control practices to minimize risk
+ Ability to lead, influence and direct peers, subordinates and management
+ Ability to quickly grasp complex concepts, including global business and regulatory matters
+ Advanced knowledge in regulatory reporting and compliances
+ Demonstrated subject matter expertise in second line identification and resolution
+ Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
+ Expertise in delivering high quality work products, reflecting attention to detail and analytical prowess
+ Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
+ Superior project management skills
+ Minimal physical effort such as sitting, standing, and walking
+ Brings out the best in each team member by consistently motivating and acknowledging peer contributions
+ Understands and leverages team dynamics
+ Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view
+ Ensures people receive the information they require, and brings the team together to share information
+ Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment
+ Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management
+ Fully accountable for timeliness, completeness, quality of projects, processes, products and services
+ Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
+ Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results
+ Uses informal networks to gain support for ideas and projects
+ Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
+ Can identify functional and organizational implications associated with major trends
+ Designs solutions to address industry activities that impact the organization
+ Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
+ Understands end to end processes across the organization and how processes are integrated
+ Has a practical knowledge of regulations impacting area supported
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.
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.
The base annual salary range for this position is $80,136 to $125,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: Boston, MA, REMOTE - Massachusetts
Other Locations: Massachusetts-Boston,New Jersey-Trenton,New York-Albany
Organization: Santander Holdings USA, Inc.
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
Boston, United States of America
The Commercial Banking Credit Underwriting Quality Assurance Associate (Associate, Risk Management) leverages their subject matter expertise in second line defense to improve existing processes and practices. They lead special risk mitigation projects and/or programs, business continuity and other incident response and security related activities supporting industry best practices, improved efficiency, effectiveness and risk reductions.
+ Position entails performing Quality Assurance over commercial credit underwriting and analysis through the completion of test scripts/workpapers
+ Position requires commercial credit underwriting background with the ability to analyze cash flows, collateral and assess compliance with credit policies and standards
+ Ability to analyze C&I, CRE/Multifamily and specialty lines of business/products in the middle market, mid-corporate and large corporate spaces
+ Fast-paced environment requiring excellent time-management and ability to adhere to deadlines
+ Ability to communicate effectively and guide QA team when leading QA reviews; team-player and collaborative with ability to be a self-starter and work independently
+ Ability to synthesize and assimilate complex QA findings into a concise, succinct QA memo at the conclusion of reviews
+ Ability to present results at committee meetings and various forums
+ Ability to communicate effectively across the organization, including executive management, internal audit and regulators
+ Participate in the development and management of issues identified and the remediation of same
+ Engage in the further development of the QA program, policies and procedures, inclusive of special projects
+ Builds positive relationships with executives, managers and teams, while developing an understanding of the business and strategic initiatives
+ Coaches, reviews and delegates work to junior level professionals
+ Enhances governance processes in support of infrastructure builds and oversee strategic compliance / business solutions
+ Identifies enterprise trends, synergies, and opportunities for change
+ Influences others at an operational level regarding new concepts, best practices and approaches related to risk mitigation, risk identification and resolution, and/or risk management
+ Initiates change, integration, operationalization of new events
+ Leads special risk mitigation projects and/or programs, business continuity and other incident response and security related activities
+ Leverages subject matter expertise in second line to significantly improve existing processes and practices
+ Maintains a strong rapport with local risk teams to create a strong risk culture of performance and accountability
+ Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes., Represents organization as a primary contact for specific risk management projects and initiatives
+ Serves as a liaison between first and third lines of defense
+ Systematizes ad hoc reporting for line of businesses and team members to facilitate miscellaneous senior and executive management reporting and status updates as needed
+ Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
Qualifications:
+ Education: Bachelor's Degree in Accounting, Business, Statistics, Risk Management Finance, Economics or equivalent field or or equivalent work experience. Master's Degree in Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field or equivalent work experience preferred.
+ Experience: 5 + years of commercial credit underwriting, account management and review experience, multifamily CRE preferred
+ Ability to adjust to new developments/changing circumstances
+ Ability to analyze risk and design efficient control practices to minimize risk
+ Ability to lead, influence and direct peers, subordinates and management
+ Ability to quickly grasp complex concepts, including global business and regulatory matters
+ Advanced knowledge in regulatory reporting and compliances
+ Demonstrated subject matter expertise in second line identification and resolution
+ Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
+ Expertise in delivering high quality work products, reflecting attention to detail and analytical prowess
+ Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
+ Superior project management skills
+ Minimal physical effort such as sitting, standing, and walking
+ Brings out the best in each team member by consistently motivating and acknowledging peer contributions
+ Understands and leverages team dynamics
+ Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view
+ Ensures people receive the information they require, and brings the team together to share information
+ Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment
+ Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management
+ Fully accountable for timeliness, completeness, quality of projects, processes, products and services
+ Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
+ Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results
+ Uses informal networks to gain support for ideas and projects
+ Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
+ Can identify functional and organizational implications associated with major trends
+ Designs solutions to address industry activities that impact the organization
+ Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
+ Understands end to end processes across the organization and how processes are integrated
+ Has a practical knowledge of regulations impacting area supported
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.
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.
The base annual salary range for this position is $80,136 to $125,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: Boston, MA, REMOTE - Massachusetts
Other Locations: Massachusetts-Boston,New Jersey-Trenton,New York-Albany
Organization: Santander Holdings USA, Inc.
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
Source : Santander US