Analyst, Fixed Income Middle Office (Pre & Post Trade Support)

santander; España; On-site; EUR 62,000 - 98,000; Full time

Job summary

Santander seeks an Analyst for the Fixed Income Middle Office to provide front-to-back trade support, reconciliation, and client service across multiple products. You will collaborate with Trading, Sales, Operations, Finance, Compliance, and Technology to drive accuracy and timely settlement.

Responsibilities include trade validation, lifecycle management, and reporting, with a focus on process improvement and regulatory compliance.

Qualifications

• 1-3 years of experience in Fixed Income Operations or Middle Office.
• Experience with trade settlement, reconciliation, and client servicing is desirable.
• Advanced Excel skills for data analysis and reconciliation.
• Familiarity with Fixed Income market structure and settlement processes.

Responsibilities

• Provide front-to-back trade support across Fixed Income desks.
• Conduct daily reconciliations of trading, settlement, and accounting data.
• Resolve trade breaks, settlement fails, and client inquiries.
• Support onboarding of new clients and accounts.
• Partner with Traders, Operations, Compliance, and Tech on governance.
• Prepare daily P&L and management information.

Skills

Fixed income operations

Trade lifecycle

Excel

Data analysis

Attention to detail

Education

Bachelor's degree in Finance/Economics

Tools

Bloomberg

TOMS

Broadridge

Job description

Analyst, Fixed Income Middle Office (Pre & Post Trade Support)

Country: United States of America

It Starts With You:

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.

The Difference You Make:

The Fixed Income Middle Office Analyst is responsible for providing front-to-back operational support to Santander CIB's Fixed Income business. The role serves as a key control function between Trading, Sales, Operations, Finance, Compliance, and Technology, helping to ensure accurate trade execution, timely settlement, effective risk mitigation, and exceptional client service. The successful candidate will support both pre-trade and post-trade processes while actively contributing to operational excellence initiatives, process improvements, and regulatory compliance efforts across the Fixed Income product suite.

Trade Support & Lifecycle Management

• Provide day-to-day support to Fixed Income Trading and Sales desks across multiple products and client segments.
• Perform trade validation, allocation, matching, and post-execution trade processing.
• Investigate and resolve trade breaks, discrepancies, and settlement exceptions in a timely manner.
• Monitor trade lifecycle events to ensure accurate processing through settlement.

Reconciliation & Control Functions

• Conduct daily reconciliations across trading, settlement, and accounting platforms.
• Identify, elevate, and resolve discrepancies related to trades, allocations, positions, and client reporting.
• Monitor and manage settlement fails while partnering with internal and external stakeholders to drive timely resolution.
• Support control processes designed to ensure data integrity and operational accuracy.

Client & Counterparty Support

• Respond to client inquiries related to trade activity, reconciliations, and cash differences.
• Assist in the investigation and resolution of client-facing operational issues.
• Maintain strong working relationships with clients, counterparties, custodians, and service providers.

Static Data & Onboarding Support

• Coordinate the setup and maintenance of client accounts, counterparties, settlement instructions, and trading relationships.
• Ensure account and settlement data is accurately maintained across relevant platforms.
• Support onboarding initiatives for new clients, products, and business activities.

Stakeholder Management & Governance

• Partner closely with Trading, Sales, Operations, Compliance, Finance, and Technology teams.
• Coordinate with local and global operations teams to facilitate successful trade settlement and issue resolution.
• Escalate material operational risks and exceptions in accordance with established governance procedures.
• Contribute to a strong risk and control culture across the organization.

Projects & Process Improvement

• Participate in strategic initiatives, system implementations, and operational enhancement projects.
• Identify opportunities to streamline workflows and improve efficiency through automation and process optimization.
• Support testing, implementation, and documentation of technology and process changes.

Reporting & Management Information

• Produce and distribute daily Profit & Loss (P&L) and management reporting.
• Prepare operational metrics and management information to support decision‑making and oversight.

What You Bring:

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.

Education:

• Bachelor's degree in Finance, Economics, Mathematics, Business Administration, Accounting, or a related discipline.

Qualifications:

• 1-3 years of experience within Fixed Income Operations, Middle Office, Trade Support, or Capital Markets Operations.
• Experience supporting fixed income products and trade lifecycle management preferred.
• Knowledge of trade settlement, reconciliation processes, trade support, fail management, and client servicing is highly desirable.
• Advanced proficiency in Microsoft Excel, including data analysis and reconciliation functions.
• Experience with Bloomberg, TOMS, Broadridge Impact, or similar trading and operations platforms preferred.
• Familiarity with Fixed Income market structure, settlement processes, and operational controls.
• Strong analytical and problem‑solving skills with exceptional attention to detail.
• Ability to manage multiple priorities in