Sr. Associate, Workout - Upper Business Banking

Company: Santander Holdings USA Inc
Location: Union
Posted on: February 19, 2021

Job Description:

Sr. Associate, Workout - Upper Business Banking - 2100682 Description The Sr. Associate, Workout leverages his or her subject matter expertise for collection and work out situations and activities to significantly improve existing processes and facilitates the resolution of problems loans, proactively minimizing potential losses to the Company. The incumbent manages accounts of advanced complexity and leads special workout projects and/or programs. Ensures compliance with training, statutes, valuation and environmental policy Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness Facilitates the resolution of problems loans, proactively minimizing potential losses to the Company Leads special workout projects, programs, and other related workout activities Manages accounts of advanced complexity, in accordance with risk management objectives and corporate budgets Manages loan workout process expenses and division and corporate expense targets Mentors and coaches work of junior level workout professionals Monitors portfolios and quality assurance in compliance with corporate policy Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures Proactively manages troubled loan relationships Processes charged-off financings including litigation, asset discovery and fraud investigations Prospects, solicits, and develops relationship-based clients on behalf of the Company Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets. At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply. Qualifications Bachelor's Degree; Business, Accounting, Finance, Economics or equivalent field required Master's Degree; Business, Accounting, Finance, Economics or equivalent field or equivalent work experience preferred 9-12 years; Workout or Collections experience, Financial Services industry experience Ability to build and foster internal relationships Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure Ability to lead, influence and direct peers, subordinates and management Advanced knowledge of collection and workout best practices, identification, resolution and implementation Demonstrated experience facilitating change to achieve measurable results Detail orientated with the ability to also understand overall strategy Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems Excellent interpersonal, supervisory, and customer service skills required Excellent project management skills Excellent written and verbal communication skills, Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding. Minimal physical effort such as sitting, standing, and walking Brings out the best in each team member by consistently motivating and acknowledging peer contributions Understands and leverages team dynamics Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view Ensures people receive the information they require, and brings the team together to share information Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management Fully accountable for timeliness, completeness, quality of projects, processes, products and services Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks Improves relationships between key individuals to achieve seamless cross-team workflow and positively impact results Uses informal networks to gain support for ideas and projects Keeps up to date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization Can identify functional and organizational implications associated with major trends Designs solutions to address industry activities that impact the organization Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary Understands end to end processes across the organization and how processes are integrated Has a practical knowledge of regulations impacting area supported Job : Risk Management Primary Location : New York-Flushing-150-28 Union Turnpike - 02122 - Union Turnpike - Branch Organization : CRO (8855) Schedule : Full-time Job Posting : Feb 12, 2021, 2:27:42 PM

Keywords: Santander Holdings USA Inc, Union , Sr. Associate, Workout - Upper Business Banking, Accounting, Auditing , Union, New Jersey