Cost & Budget Analysis & Control Analyst I

Banco Santander SA; España; Hybrid; EUR 32,000 - 42,000; Full time

Benefits offered by this job

Hybrid work model

Meal subsidy

Gym/WellHub membership

Life insurance

Childcare support

Job summary

Banco Santander SA in Spain is seeking a Cost & Budget Analysis & Control Analyst I to join our team in the Boadilla del Monte office. You will perform cost analyses, prepare reports, and support cross-country budgeting initiatives with a focus on accuracy and efficiency.

The role requires 1–3 years of relevant experience, a university degree (masters valued), and fluent English. We offer a hybrid work model, competitive rewards, and opportunities for growth within Santander CIB.

Qualifications

• 1–3 years of experience in business finance, internal audit, costs management, management control or accounting.
• University degree education and specialization through master's / postgraduate is valued.
• Fluency in English is required for the role.

Responsibilities

• Cost management and allocations across units.
• Cost estimation and budgeting preparation.
• Financial analysis and data reporting.
• Budget monitoring and control across products and countries.
• Determining calculation of costs by product and country.
• Identifying process improvements to reduce costs.

Skills

Advanced Excel

Python

Fluent English

Education

University degree; masters/postgraduate valued

Tools

Copilot AI

Excel

Job description

Cost & Budget Analysis & Control Analyst I 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.

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.

THE DIFFERENCE YOU MAKE Santander Corporate & Investment Banking (Santander CIB) is looking for a Cost & Budget Analysis & Control Analyst I based in our Boadilla del Monte office. We’re shaping the way we work through innovation, cutting‑edge technology, collaboration and the freedom to explore new ideas.

As a , you will perform costs analysis and allocations, and work proactively to propose processes improvement initiatives to maintain the cost situation of the business under control. You will prepare cost reports and work with units and countries to ensure a global vision.

We need someone like you to help us in different fronts:

• Cost management
• Cost estimation
• Preparation of budgets
• Financial analysis
• Data Collection and Reporting
• Budget monitoring
• Determining calculation of costs by product and country

WHAT YOU’LL BRING

Professional Experience

Beetween 1 and 3 years of experience if possible in Business finance, internal audit, costs management, management control or accounting.

Education

University degree education and specialization through master's / postgraduate is also valued.

Languages

Fluency in English (Required)

Hard Skills

• Advanced knowledge of Excel
• Knowledge of Phyton or others programming languajes
• Fluency in English
• Knowledge of AI—primarily Copilot—to automate tasks and improve efficiency.

Soft Skills

• Communication skills
• Teamwork / collaboration
• Problem-solving
• Critical thinking

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

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.