IT STARTS HERE
Santander (*****************) is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. 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.
Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports some of the world’s most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.
SCIB Secondary Trading Middle Office supports leveraged finance secondary loan trading activity within Santander Corporate & Investment Banking. The team sits between Front Office and Back Office: Front Office executes trades and takes investment decisions, Middle Office controls and monitors the operational lifecycle, and Back Office completes settlement and administrative processing.
The team supports buy and sell trades from deal and facility onboarding through trade capture, documentation review, ClearPar execution, Loan IQ booking, settlement follow-up and portfolio maintenance.
Daily activity includes managing trade recaps and kick-off emails, borrower/facility codes, KYC dependencies, risk approvals, trading portfolio status, counterparty chasing and escalation of blockers such as short positions, pending upstream dependencies or missing information.
The team interacts with Trading Desk, Sales, Risk, KYC, Tax, Legal, Proposal Team, Back Office, Fund Managers, Agent Banks and counterparties, and also monitors economic events that affect TRS positions.
The team promotes a strong digital culture with an AI-first mindset, embedding generative AI and advanced digital tools into daily workflows to improve execution quality, productivity and decision-making.
The role is based in Madrid, offering the opportunity to work within a key SCIB hub with strong interaction across global teams.
THE DIFFERENCE YOU MAKE
Santander Corporate & Investment Banking (Santander CIB) is looking for an Analyst III – SCIB Secondary Trading MO based out of Madrid.
The Associate will play a key role in the operational control, execution support and settlement monitoring of leveraged finance secondary loan trades, supporting the Trading Desk across buy/sell activity and TRS-related flows from onboarding through settlement and portfolio servicing.
We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:
Supporting the end-to-end execution of Secondary Trading transactions, including trade onboarding, documentation review, trade confirmation and coordination with all relevant stakeholders.
Acting as a central point of contact between Front Office, Back Office, Risk, KYC, Legal, Tax, Sales, Fund Managers and external counterparties.
Ensuring all trades are correctly tracked, documented and reflected in internal systems in a timely and accurate manner.
Monitoring trade progress and proactively resolving execution issues, dependencies and documentation blockers to avoid delays in settlement.
Reviewing trade documentation, including trade confirmations, transfer documents and pricing letters, ensuring alignment with approved terms and internal requirements.
Supporting multiple transactions and lifecycle events simultaneously, including amendments, refinancings, repricings, prepayments, rollovers, spread changes and TRS economic events.
Performing daily operational control over secondary trading activity, ensuring buy/sell trades are captured, updated and evidenced accurately in the Trading Portfolio tracker.
Reviewing onboarding inputs, J-Codes, GLCs, LX, LEI/MEI/SSI, risk approvals and KYC status before trades are progressed to Back Office/Proposal teams.
Validating Trade Confirmations, Transfer Documents and Pricing Letters against trade recaps, LMA terms and internal requirements before MO signature in ClearPar.
Identifying and escalating operational risks such as missing KYC, absent risk approval, non-standard terms, short positions, pending upstream dependencies, counterparty delays or failed data flow to ClearPar/Loan IQ.
Working in line with audit recommendations, regulatory requirements and Santander policies, maintaining evidence to support controls and reconciliations.
Coordinating waivers, amendments, refinancing/cashless roll decisions and TRS economic-event notifications with FO, BO, Risk, Legal and Tax as applicable.
Building knowledge of secondary loan trading, Loan IQ, ClearPar, Trader Desktop outputs, Bloomberg information, trade documentation and portfolio servicing events.
Participating in training on new systems/procedures as and when available.
Collaborating in projects to support new products, regulatory change, digital tooling and AI-enabled workflow improvements.
Otros requisitos
Experiencia Sin experiencia
Nivel de estudios Básica Secundaria
