Associate, Fund Finance Credit Underwriting & Portfolio Management; First Line of Defense

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

• Serve as a First Line of Defense credit professional responsible for the preparation, analysis, and ongoing management of credit exposures, ensuring the accuracy and completeness of underwriting, due diligence, and supporting documentation.

• Support the underwriting and structuring of subscription lines, NAV, hybrid, EBL and other transactions including new originations, refinancings, extensions, upsizes, and amendments.

• Prepare comprehensive credit approval packages, including borrowing base evaluation, liquidity analysis, financial modeling, stress testing, risk rating assessment, and due diligence review.

• Deliver high-quality work product with a strong focus on credit risk assessment, transaction structuring, and execution discipline. Demonstrate strong attention to detail and a commitment to analytical rigor and execution excellence.

• Develop and defend clear, concise, and judgment-driven credit recommendations that articulate key risks, mitigants, structural protections, and alignment with Santander's credit standards and risk appetite framework.

• Independently manage a portfolio of fund finance transactions, demonstrating command of product knowledge, financing structure, and client requests.

• Own post-close credit monitoring activities, including covenant compliance, borrowing base performance, collateral quality assessment, investor concentration reviews, annual reviews, periodic risk-rating assessments, amendment requests, consent requests, waiver requests, and renewals.

• Identify emerging risks and proactively elevate adverse developments, covenant breaches, collateral deterioration, sponsor concerns, or other material credit events.

• Monitor portfolio trends, performance metrics, concentration exposures, and emerging risks, providing meaningful insights to senior management and risk partners.

• Perform periodic and annual credit reviews of assigned exposures, reassessing performance, collateral quality, sponsor strength, and risk profile.

• Review analyst work product for quality, accuracy, consistency, and adherence to underwriting standards.

• Mentor and develop junior team members while fostering a culture of accountability, collaboration, and credit discipline.

• Participate in strategic initiatives related to process improvement, technology implementation, data management, and regulatory readiness.

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 in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related analytical or quantitative discipline

• Strong academic foundation in financial analysis, corporate finance, or accounting

• Exposure through coursework to alternative investments, private equity, real assets, or capital markets viewed positively

• 2-6 years of experience in commercial banking, investment banking, leveraged finance, structured finance, fund finance, private credit, corporate banking, or…