VP, Counterparty Credit Risk - Corporate and Investment Banking

Company: Santander Holdings USA Inc
Location: New York City
Posted on: July 8, 2025

Job Description:

VP, Counterparty Credit Risk - Corporate and Investment Banking 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! USA 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 player EEO 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. 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: $101,250.00 USD Maximum: $185,000.00 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. Primary Location: New York, NY, Madison Ave Corp Other Locations: New York-New York Organization: Banco Santander S.A.

Keywords: Santander Holdings USA Inc, East Brunswick , VP, Counterparty Credit Risk - Corporate and Investment Banking, Accounting, Auditing , New York City, New Jersey