WHAT YOU WILL BE DOING

The Associate, Workout manages accounts of low complexity and proactively facilitates the resolutions of problem loans in a cost effective manner. S/he minimizes potential losses to the Company by identifying areas of concern, opportunities, reports on potential and/or known issues, recommends process improvements. and implements solutions to existing programs in accordance with risk management objectives and corporate budgets.

• 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.
• Manages accounts of low complexity, in accordance with risk management objectives and corporate budgets.
• Facilitates the resolution of problem loans through improved credit quality or repayment, in a cost effective manner.
• Generates new income via late fees, fees for waivers, prepayment fees.
• Reviews adequacy of assigned risk ratings and provide support for risk rating upgrade and downgrade recommendations.

Qualifications:

• Education: Bachelor's Degree or equivalent work experience
• Work Experience: 5+ Years
• Practical knowledge of corporate regulatory requirements, and factors influencing the business in which the Corporation operates.
• Practical knowledge of key business control areas (Audit & Risk Review, Risk Management, Finance, Human Resources, and Legal) and governmental regulatory agencies.
• Ability to resolve complex situations with internal clients and regulators, while maintaining a professional presence.
• Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.
• Ability to read, analyze and interpret government regulations, trade journals and legal documents
• Ability to effectively deal with senior management as well as, Federal/State and other Regulators
• Ability to work cross-functionally as a team player.

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.

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.

The base annual salary range for this position is $112,125 to 143,750. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Primary Location: Melville, NY, Melville

Other Locations: New York-Melville

Organization: Santander Bank N.A.