VP, Sr. Associate, Credit Risk- Commercial Real Estate

Santander US



New York, NY


Position summary

VP, Sr. Associate, Credit Risk- Commercial Real EstateNew York, United States of America


Job Function Description:

  • Ensures adherence to the policies and procedures for Commercial Real Estate Finance credit risk.

  • Represents 2LOD in all new CIB Commercial Real Estate deal screenings, perform credit analysis to determine deal viability, and compliance with CRE credit underwriting standards.

  • Review and challenge on all new CRE underwritings.

  • Manages and ensures compliance with all Commercial Real Estate Finance policy, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.

  • Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio.

  • Identifies, manages, and reports on the company's risk areas.

  • Maintains up to date on all market developments, best practices, and trends within the broader Commercial Real Estate market.

  • Leads special risk projects and/or programs, business continuity and other incident response and security related activities supporting Commercial Real Estate Finance industry best practices.

Essential Functions / Responsibility Statements:

  • Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.

  • Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments.

  • Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls

  • Provides oversights on risk-management content/processes.

  • Provides oversights on risk-management content/processes followed by the 2nd line of defense.

  • Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship.


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.


Bachelor’s degree in accounting, business, statistics, finance, economics, or equivalent field

Work Experience: 5-7 years; Risk Management, Credit Risk, Commercial Real Estate Underwriting, or Internal Audit experience.

Skills and Abilities:

  • Strong MS Excel and PowerPoint skills required.

  • Bachelor’s degree in accounting, business, statistics, finance, economics, or equivalent field

  • Ability to analyze risk and design efficient control practices to effectively manage risk.

  • Ability to multi-task, prioritize activities, manage conflicts of interest, delegate, and meet deadlines.

  • Advanced knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of Commercial Real Estate and Financial Industry

  • Demonstrated credit analysis and underwriting skills for understanding / tracking underlying counter party performance.

  • Ability to evaluate counter party risk exposures.

  • Demonstrated knowledge of credit policies and procedures, regulations, and applicable law(s)

  • Demonstrated track record interacting with the regulators, external and internal audit.

  • Excellent written and verbal communication.

  • Strong presentation skills. Superior project management skills.

  • Ability to interact with all levels of management, work independently and in a team environment.

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: 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 $118,764-$175,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Masters of Science (MS) English

Primary Location: New York, NY, New York

Other Locations: New York-New York

Organization: Banco Santander https://S.A.


Why you should apply for a job to Santander US:

  • 4.6/5 in supportive management

  • 79% say women are treated fairly and equally to men

  • 79% would recommend this company to other women

  • 78% say the CEO supports gender diversity

  • Ratings are based on anonymous reviews by Fairygodboss members.
  • World’s highest-scoring bank in 2023 Bloomberg Gender-Equality Index

  • 14 weeks of paid maternity leave; 6 weeks of paid parental leave for fathers and non-birth parents

  • Inclusive fertility benefits; back-up childcare and eldercare; paid caregiver leave program