The Director, Workout manages a limited number of workout cases of the most complex nature and exposure concentration. They review action plans for the resolution of problem loans through improved credit quality or repayment, in a cost effective manner, while minimizing potential losses to the company.

• 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.

• Provide oversight and guidance to Workout Officers throughout the division.  May manage a small team of workout professionals.

• Attend watch-asset review meetings on behalf of Workout division and provide effective challenge to proposed risk ratings, action plans, and strategies. 

• Review and approve Workout credit proposals and reviews, ensuring appropriate risk ratings, accrual status, charge-offs, reserves, and strategies.

• Devise strategies, negotiate and structure transactions as required in Workout, provided that the decisions are consistent with the overall obligor strategy and plan as approved.

• Develop Workout strategies including analysis of a borrower’s repayment capacity, evaluation of the guarantor support, and continual assessment of collateral condition and value.

• Perform financial analysis, Commercial Real Estate appraisal analysis, understanding of market dynamics and ensuring internal and external reporting is completed as required.

• Provide continuous monitoring of credit risks in the Portfolio and propose action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio

• Collaborates with multiple internal and external parties associated with each loan, including legal, loan operations and the middle office.

• Facilitates the resolution of problem loans through improved credit quality or repayment, in a cost effective manner.

• Reviews adequacy of assigned risk ratings and provide support for risk rating upgrade and downgrade recommendations.

• Collects financial information, communicates with loan operations and middle office to ensure approved loans are booked, funded, and managed in a proper and timely manner.

• Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.

• 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.

• Mentors and coaches work of junior level workout professionals.

Qualifications:

• Education: Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent field or equivalent work experience. Master's Degree in Business, Accounting, Finance, Economics or equivalent field preferred.

• Work Experience: 12+ Years Commercial Real Estate/Multifamily Workout

• Ability to develop and present the Bank’s position to execute proposed strategies to remedy substandard and non-performing credits.

• Strong math and analytical skills.

• In depth understanding of CRE loan documentation.

• Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.

• Advanced knowledge of collection and workout best practices, identification, resolution and implementation.

• Excellent written and verbal communication skills.

• Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.

• Excellent project management skills.

• Ability to build and foster internal relationships.

• Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.

• Advanced Microsoft Office (Excel, Word, PowerPoint, Outlook, Sharepoint) skills.

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 $165,000 - $220,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Primary Location: Austin, TX, REMOTE - Texas

Other Locations: Arizona-Phoenix,Maryland-Annapolis,New Hampshire-Concord,Vermont-Montpelier,New Jersey-Trenton,New York-Albany,Connecticut-Hartford,Massachusetts-Boston,Florida-Tallahassee,Delaware-Dover,Maine-Augusta,Pennsylvania-Harrisburg,Rhode Island-Providence,District of Columbia-Washington

Organization: Santander Bank N.A.