Credit Risk Intern

Country: United States of America

The Credit Risk Summer Internship role will provide the intern with an opportunity to gain a stronger understanding of Credit Risk Department with a focus on Consumer Lending Products. They’ll be part of a diverse team of talented professionals who interact with senior risk team personnel, business managers and other disciplines to understand business operations and dynamics, and analyze, monitor, and manage related risks. The internship role will monitor activities to minimize the company's exposure to risk coupled with building and maintaining new processes. The role will require quantitative analysis & presentations of results across different functions and management levels.

This 2025 Summer Internship is for undergraduate students who have an anticipated graduation date between December 2025 and May 2026.

This internship position is located in Boston, MA, however remote work is available too. Before applying, please keep in mind that our internship program does not offer any relocation assistance. To learn more about our summer internship program and the activities included, please visit https://www.santandercareers.com/students.

Essential Functions:

The incumbent is responsible for reviewing, analyzing, and/or evaluating the Company's credit risk management program that renders risk-based processing and reporting to reduce operating losses and maintain maximum protection of the organization's assets, products, and services. S/he will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the department.

• Analyzes trends in credit risk data and escalates developments according to company policy and procedures for risk escalations.
• Communicates and shares insight to causes of risk indicators and proposes recommendations to resolve or mitigate identified risks with team.
• Reviews identified credit risks and liabilities; informs and recommends resolutions with business lines to mitigate risk potential.
• Assists in processing risk assessments by analyzing risk data and identifying any plausible risks affecting the business and operations.
• 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.

Requirements:

• Currently enrolled in an undergraduate program at a University or College
• Expected graduation date between December 2025 – May 2026
• Minimum cumulative GPA of 3.00
• Expertise in delivering high quality work products, reflecting attention to detail and analytical process
• Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
• Solid Knowledge of MS Excel/spreadsheets tools to support reporting and analysis. Solid Knowledge of data analytics tool (SQL) to develop code necessary for report creation and/or data mining
• Ability to quickly grasp complex concepts, including global business and regulatory matters
• Ability to adjust to new developments/changing circumstances
• Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
• Ability to work in an environment that supports employees from all backgrounds and fosters an environment of inclusion.

Working Conditions:

• Extended working hours may be required as dictated by management and business needs
• Travel to multiple facilities may be required
• May be required to lift, push, or pull materials weighing up to twenty (20) pounds
• May be required to sit and review information on a computer screen for long periods of time
• May require repetitive motions of the hands and wrist related to writing and typing at an electronic keyboard
• Corporate / satellite office role

Diversity & EEO Statements: 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.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: 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 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.

$62,400 - $62,400/year