Commercial & Wholesale Operations Analyst - NYC Staffing : Job Details

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities.

The primary function of the Sr. Specialist, Commercial & Wholesale Operations is loan/letter of credit booking, funding, payments and maintenance for the defined lines of business, or executing related controls, utilizing the systems and processes defined by management. The incumbent handles analytical components (i.e. interpreting credit agreements) related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, for commercial loan/letter of credit products, which include new loans, modifications and extensions.

Processes transactions involving booking and servicing commercial loans and letter of credit.

Researches and responds to incoming commercial loan requests received from business areas supported by the department.

Researches payment history, loan balances, and associated documentation including loan notes, forbearance agreements, and modifications.

Performs dollar transactions, collateral setup and maintenance, GL balancing, and quality review.

Creates and analyzes error reports, researching the payments log, and incoming wire transfer payments.

Ensures proper documentation is filed appropriately and is available for internal and external audits.

Identifies and resolves problems within established guidelines.

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 or equivalent work experience: Business or equivalent degree. - Required.

3+ Years Working knowledge in Company's documentation and banking operations. - Required.

Requires excellent communication, good organizational skills, and attention to details.

Solid knowledge/skills of Microsoft Office Suite and various bank systems.

Ability to adapt quickly and be a team player.

Working knowledge in Commercial Banking.

Ability to meet deadlines.

Strong knowledge of the Syndicated and Commercial Loan products and markets.

Demonstrated knowledge of other banking products and the ability to apply that information to this role.

Expert knowledge of overall lending policies and procedures, credit analysis, underwriting, structuring, etc.

Excellent organizational, management, communication and customer service skills.

Solid judgment within broadly defined policies and practices.

Strong computer skills including Microsoft Office.

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Minimum: $54,375.00 USD Maximum: $82,500.00 USD

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

At Santander, we value and respect differences in our workforce. 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.

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

If this sounds like a role you are interested in, then please apply. We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [email protected] to discuss your needs.