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VP, ABS/Securitization Lending Risk Management

Company: Santander Holdings USA Inc
Location: Cresskill
Posted on: June 20, 2022

Job Description:

Position Summary:
The position reports to the Head of Securitization Lending Risk and be part of the 2 nd Line of Defense Structured Finance Credit Risk Group. The ABS Risk Management Associate will provide detailed analysis of new SCIB securitizations and assist in the risk monitoring process for the securitization portfolio.

As a representative of the second line of defense, the ABS Risk Management Associate will be responsible for reviewing and challenging securitization related documentation, credit proposals and risk ratings proposed by the first line of defense. Candidates should be able make risk recommendations with regards to all new ABS/Securitized lending proposed transactions and present their recommendations to their risk colleagues and in corresponding Risk Committees.

Additionally, she/he will work with 1LOD to monitor and track the existing portfolio performance by assessing its ongoing creditworthiness, reviewing the deals' compliance with the existing contractual terms and conditions included in all legal documentation

She/he will also be responsible for the risk control and monitoring of the ABS portfolio, producing its monthly risk report, and periodically presenting to relevant Risk Committee. S/he will work to build and maintain strong internal controls capabilities for the first line of defense risk management and controls within the business line and/or functional area. She/he will also work closely with the Head of Securitization Lending Risk expand modeling capabilities to new securitization/ABS asset classes.

The candidate will be part of the wider Structured Finance Credit Risk Group, which is responsible for Santander's Corporate & Investment Banking lending activities in the US for the following asset classes: Project Finance, Fund Finance, Securitization Lending, and Commercial Real Estate. Experience in these asset classes would add additional value. In addition, the candidate will have the opportunity to work on projects outside of the Securitization Lending activity, as required to meet the needs of the overall Structured Finance business, thus providing relevant growth opportunities.

The role's duties and responsibilities can be summarized as follows:

Review of the different credit proposals for new Securitizations. Monitors assigned lending units compliance with credit policy and underwriting standards
Participate in the structuring, underwriting, review and presentation of the documentation needed to present to the different Risk Approval Committees.
Review development of new products and processes, providing recommendation for adjudication of new product initiatives or product modifications.
Providing expertise in securitizations and counterparty credit risk oversight including development of financing guidelines, risk rating models, regulatory requirements etc.
Responsible for monitoring risk factors affecting the ABS Auto loan portfolio, including Credit, Market, Liquidity, Operational, Model, Regulatory and Vendor risks.
Responsible for special risk mitigation projects and/or programs, business continuity and other incident response and security related activities supporting risk colleagues.
Monitors and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

Knowledge of the ABS / Securitization structures, market, and transaction documentation required.
Previous experience working with securitization/ABS cash flow models and developing model assumptions.
Experience on Structured Finance and risk consolidation with knowledge of all risk factors (Credit, Market, Liquidity, etc.)
Deep knowledge of industry standard risk policies, procedures, best practices, and regulation.
Ability to analyze risk and design efficient control practices and processes to remediate/minimize risk.
Ability to interact with all levels of management, work independently and in a team environment.
Ability to evaluate counter party risk exposures
Demonstrated track record interacting with the regulators, external and internal audit. Excellent written and verbal communication. Strong presentation skills. Superior project management skills.
Bachelors' degree or equivalent.
5 to 7 years of experience in ABS / Securitizations related risk management positions.
Previous experience collaborating with risk colleagues, working with securitization product specialists, presenting to senior management, etc.

Primary Location: New York, New York, United States

Other Locations: New York-New York

Organization: Banco Santander SA

Keywords: Santander Holdings USA Inc, Yonkers , VP, ABS/Securitization Lending Risk Management, Executive , Cresskill, New York

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