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Analyst FI Credit Risk Team

Company: Santander Holdings USA Inc
Location: Westbury
Posted on: May 12, 2022

Job Description:

New York, United States of America

WHAT YOU WILL BE DOING

FI Credit Risk team manages the credit risks arising in transacting with financial institutions. We are seeking a junior credit analyst to support the credit and counterparty risk teams in its monitoring of client financial condition and client credit exposures. Volume expected to grow significantly when the recently announced acquisition of broker APS closes.
Organize the limit approval and monitoring process for counterparties trading securities with the NY broker/dealer to ensure credit policies are met. Counterparties include banks, brokers, asset managers and funds.
Gather information on background of securities trading counterparties, researching in internet and talking to equity or fixed income sales team, as part of limits approval process.
Research background on proposed counterparties for securities borrowing trading desk.
Review reports on daily trading activity in San US units to detect excesses over the trading limits set for FI and AM counterparties and any errors around client data.
Investigate excesses with Front, Middle, Back Office teams and the Counterparty Credit Risk team to determine if escalation is necessary and to follow and comment to management on any excesses.
Discuss data discrepancies with back office and IT as necessary and ensure corrections are implemented through persistent follow up.
Create and update written procedures as necessary.
Assist in creation of PowerPoint proposals and reports to committees.
Reconcile data using excel or access as necessary to investigate data discrepancies and to ensure information integrity.
Maintain organized electronic files to facilitate audit requests.
Support FI and AM teams in investigating problems in reporting.
Assist in creation of codes and limits in the credit risk system for FI and AM teams.
Respond to trading limit inquiries from sales and trading by consulting credit risk system.
Support AM team where possible with research, drafting of credit reviews.
Participate in other team projects in support of the Credit and Counterparty Credit Risk teams.

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.

Education Requirements: BA/BS required, with at least some business and economics
Experience: zero to three years' experience in a bank or broker in credit risk, market risk or trading. Willing to consider candidates with minimal to no experience depending on background and enthusiasm
Certification Requirements: None
Required: Ms Excel, PowerPoint, Access, basic understanding of financial concepts
Basic understanding of derivatives, repo and securities lending products preferred
Other Qualifications: - - - - - - - - - - - - - -attention to detail, strong organizational skills, good at managing workflow to meet deadlines, good communication skills, willingness to take on projects outside of usual responsibilities, interest in learning about systems and how they function at Santander, persistence in following up on open requests.

WHAT WE ARE LOOKING FOR

EXPERIENCE

EDUCATION Bachelor of Science (BS), Masters of Science (MS)

COMPETENCIES Bachelor of Science (BS) English

Primary Location: New York, New York, United States of America

Other Locations: New York-New York

Organization: Banco Santander S.A.

Keywords: Santander Holdings USA Inc, New Rochelle , Analyst FI Credit Risk Team, Professions , Westbury, New York

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