Vice President, Underwriting & Portfolio Management

New York, United States of America

The VP Underwriting & Portfolio Management works in coordination with the front office teams covering securitized lending to drive the underwriting process and monitoring of transactions once approved. The main responsibility of the candidate will be on CLOs but may be involved in other asset classes. The candidate provides expertise in underwriting, structuring, servicing and documenting new and renewal credits. In addition, s/he is responsible for identifying, gathering and analyzing relevant information to assess credit risk, establish probability of default and determine appropriate transaction structure. Acts as lead underwriter in collaboration with product teams in preparing credit approval memos with recommendations consistent with bank policy that illustrate well-reasoned analysis. The VP Underwriting & Portfolio Management performs servicing reviews and supports management of the assigned portfolio to identify and minimize risk to the organization. Provides quality customer service, including participation in joint calls on customers, as needed.

USA Job Family Description:

• Reviews, analyzes, and evaluates risks in order to renew existing business or generate new transactions.
• Determines appropriate terms and conditions for coverages and rates the transaction based on market accepted methodologies.
• Contributes to the profitable growth of the portfolio by maintaining pricing integrity, product excellence, and the development of meaningful performance metrics and controls.

USA Job Function Description:

• Underwrites risk (i.e., selection/rejection of new and renewal business).
• Analyzes quality and quantity of risks underwritten and prepares reports accordingly.
• Administers and monitors underwriting rules and guidelines, rating manual rules, laws and regulations.
• May review books of business as well as profit/growth results and trends to recommend and implement action plans.

Essential Functions/Responsibility Statements:

• Manages and services a portfolio of existing transactions.
• Expands and builds relationships with a high degree of resultant customer satisfaction.
• Ensures appropriate monitoring of the portfolio based on monthly performance and market conditions.
• Managed the day to day approvals for amendments and modifications.
• Assists in special projects as assigned.

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.

Education:

• Bachelor's Degree, or equivalent degree and/or work experience, in Finance, Accounting, Management, Economics or a related field.
• Master's Degree in Finance, Accounting, Management, Economics, or a related field. (Preferred)

Work Experience:

• Financial analysis, structuring, underwriting and portfolio management., 9-12 or relevant experience.

Skills and Abilities:

• Skilled in proposing and negotiating and recommending credit and performance monitoring structures.
• Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments.
• Demonstrated practical and conceptual knowledge of credit and risk analysis.
• Demonstrated knowledge on securitizations structures and rating methodologies.
• Exhibits competency at independently reaching conclusions and forms clear view of credit structure and business risk to organization.
• Solid knowledge of loan and related legal documents involved in securitized lending transactions.
• Strong communication skills, and ability to influence others by persuasively presenting thoughts and ideas to gain commitment and agreement for proposed ideas and solutions.
• Must demonstrate strong judgment and sound credit skills.

Diversity & EEO Statements: 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.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional 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: 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.

For NYC Job Applicants: The base annual salary range for this position is $165,000-$185,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

English

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Banco Santander S.A.