Santander Bank, NA Credit Analyst in Dorchester, Massachusetts

Credit Analyst - 1806360



As a member of Santander’s retail banking division you’ll help serve Santander’s retail and small business customers as part of one of the top banks in the United States based on deposits. With principal presence in the northeast U.S., Santander’s retail division offers consumer and lending products to help our customers reach their financial goals. Santander currently serves nearly 2 million retail customers and 5.2% of the 2.7 million small businesses in the US footprint have a transactional account with Santander Bank.

Assists Credit Risk with credit analysis utilizing the Commented Risk Rating to ascertain appropriate risk; underwriting of renewals, modifications and new deals. Supports through the credit approval and closing process by also working with RMs for the credit risk component of the NILO document. Reviews closing documents ensuring compliance with covenants and closing conditions are met. Assists with credit and risk management by monitoring assigned portfolio.


  • Compliance with the requirements of the applicable laws and regulations, including the banks AML / BSA / OFAC / CIP program; ECOA / Reg B, and all other relevant laws and regulations.

  • Independently performs financial analysis, underwriting, portfolio management, portfolio monitoring and authors Commented Risk Rating and credit risk components of NILO for the following:

  • Assists with legal closing process, preparing, reviewing, and validating documentation, ensuring compliance and conditions are met.

  • Communicates with client and Credit Officer regarding covenant exceptions.

  • Communicates with credit team and relationship manager regarding covenant exceptions.

  • Conducts industry and market analysis to identify issues; conducts third party verification via background, credit and due diligence.

  • Facilitates post loan closing activities and transition to appropriate groups for recording and tracking.

  • Tests for deteriorating credits and increases risk/exposure of assigned portfolio.

  • Assesses and formally reviews client Risk through periodic Audits and Credit File reviews.

  • Continuously monitors client financials/information to ensure compliance with loan policies.

  • Monitors and assesses client financials, collateral, loan covenants and risk ratings on a periodic basis.

  • Occasionally visits clients, partnered with Relationship Manager

  • Performs credit analysis and underwriting on all new deals, renewals, maturities and modifications and verifies compliance with credit policy.

  • Prepares Commented Risk Rating and credit component of NILO approval document.

  • Prepares approval memorandum (NILO).



  • Bachelors Degree in Business Administration, Accounting, Finance, Economics or equivalent experience.

  • 1-3 years specific experience; at least 3 years related experience in similar field.

  • Effective written/verbal communication and interpersonal skills.

  • Proficiency in Microsoft Word and Excel.

  • Strong organizational and administrative skills.

  • Ability to multi-task.,Strong technical and analytical skills.

  • Thorough knowledge of Credit Policy, procedures, regulations and applicable law.

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

Job : Underwriting
Primary Location : Massachusetts-Dorchester-2 Morrissey Boulevard - 06367 - Columbia Park


Organization : Consumer & Business Banking (1001)
Schedule : Full-time
Job Posting : Oct 10, 2018, 4:00:00 AM