Control Risk Analyst

Santander; Madrid; On-site; EUR 45,000 - 65,000; Full time

Benefits offered by this job

Hybrid work

Meal subsidy

Gym membership

Healthcare

Job summary

Santander is seeking a Risk Control Analyst to join our Madrid office. You will analyze credit risk metrics, consolidate reports, and support risk monitoring across the Western Hub. This role blends risk management with analytics and technology to drive informed decisions.

The ideal candidate has +3 years in risk control, IFRS9 experience, and hands-on SQL, SAS or Python. Strong English and collaboration skills are essential.

Qualifications

• +3 years of experience in Risk Control and Monitoring (credit risk).
• IFRS9 models experience preferred.
• Experience in a local business unit is valuable.
• Bachelor’s degree in economics, business, engineering, science, technology or mathematics.
• High level of written and oral English.

Responsibilities

• Analyze and consolidate main credit risk metrics and other risks across Western Hub.
• Synthesize key messages for senior management and regulatory reports.
• Contribute to risk tech initiatives and AI-enabled risk projects.
• Coordinate local project implementation with owners and oversee progress.
• Perform month-end provisioning and forecasting.
• Conduct portfolio analyses to identify trends and opportunities.
• Communicate and coordinate with different departments and units.
• Produce automated reports and presentations for risk monitoring forums.

Skills

English communication

SQL

SAS

Python

MS Office

Education

Bachelor's degree in economics/business/engineering/science/math

Tools

SAS

Python

SQL

MS Access

Job description

Control Risk Analyst

Country: Spain

IT STARTS HERE

Santander (www.santander.com) 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.

THE DIFFERENCE YOU MAKE

OPENBANK is looking for a Risk Control Analyst based in our Boadilla del Monte (Madrid) office.

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:

• Analysis, consolidation and challenge of main credit risk metrics (S3, Provisions, Cost of Credit...) as well as rest of risks (counterparty, market and liquidity, non-financial risks...) for units within Western Hub scope.

• Synthesize and elaborate key messages for senior management, helping to develop Western Hub regulatory and management reports.

• Contribute to innovative initiatives that combine risk management, technology and AI, supporting the transformation of the department.

• Support, collaborate and coordinate the implementation of different projects at local level, identifying main workstreams with its correspondent owners and monitoring its progress.

• Execute Strategic plans and budgeting processes.

• Oversee and ensure the accurate execution of month-end provisioning and forecasting processes, supporting sound risk management and decision-making.

• Perform in-depth portfolio analyses to identify trends, emerging risks and business opportunities, providing recommendations to support management decisions.

• Regular communication and coordination with different departments/local units.

• Produce and automate reports/presentations/supporting materials related to WH Risk Monitoring for different forums and stakeholders (internal and external).

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We're enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• +3 years of experience in Risk Control and Monitoring functions, especially in credit risk and portfolio's analysis (Required)
• Experience with IFRS9 models (Preferred)
• Experience in a local business unit is valuable (Preferred)

Education

• Bachelor's degree in economics, business, engineering, science, technology or mathematics (Required).

Languages

• High level of written and oral communication skills in English (Required)

Hard Skills

• Basic / Medium level of programming (SAS programming, Python...) and data management (SQL, Access...) (Required)
• MS Office advanced knowledge (Required)
• IFRS9 (Preferred)
• New definition of default (Preferred)

Soft Skills

• Analytical skills
• Adaptability
• Problem solving orientation
• Cross-Functional Collaboration
• Teamwork

WE VALUE YOUR IMPACT

Your contribution matters, and it's recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

• We're enable our teams to go beyond through global opportunities and broad career paths.
• Flexibility that works. Enjoy a hybrid working models-some days remote, some days onsite with your team-along with flexible hours.
• Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com)
• Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.
• Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.
• Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.
• We know family is everything. That's why we offer childcare support and family-friendly programmes tailored to each life stage.
• Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services.
• Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that's only the beginning-we'll tell you more when you join!

We're here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.

LOCAL COMPLIANCE

We make recruiting decisions based on your experience and skills. We value your passion to discover, invent, simplify, and build.

The personal data you provide as well as any data generated during the selection process are confidential and will be processed by Open Bank, S.A. with registered office at Avenida de Cantabria, n/n, 28660 Boadilla del Monte (Madrid), for the sole purpose of managing your participation in the selection processes and, where appropriate, to formalise your recruitment.

For further information about your rights and data protection, please read the Openbank Privacy Policy applicable to this type of data processing here