SCUK Risk Analyst

Banco Santander SA; Redhill; Hybrid; GBP 42,000 - 62,000; Full time

Benefits offered by this job

Competitive salary

27 days holiday per annum

Annual bonus

Generous pension contributions

Employee assistance programme

Sharesave scheme

Gym passes

Job summary

Santander is seeking a risk-focused analyst to join our team in the UK hybrid role, based in Redhill, Surrey. You will monitor market, interest rate, liquidity, and balance sheet risks, produce timely risk reporting, and support stress testing and model risk activities.

The role requires strong analytical ability, excellent communication, and hands-on experience with Excel and Power BI. Flexible to work at least 3 days on-site and collaborate across Risk and Finance functions.

Qualifications

• Degree (or equivalent experience) in a numerate or analytical discipline.
• Experience in Risk, Finance, Data/MI or analytical function is desirable.

Responsibilities

• Undertake regular Market Risk monitoring and analysis.
• Support oversight of interest rate risk, structural balance sheet risk and liquidity risk.
• Produce and maintain Market Risk reporting and MI.
• Support stress testing, scenario and sensitivity analysis.
• Develop knowledge of ALM, IRRBB and liquidity risk.
• Support independent second-line risk monitoring and reporting.
• Identify and investigate material movements and potential breaches.
• Assist with Model Risk activities and EWRM activities.
• Develop dashboards and monitoring tools using Excel and Power BI.

Skills

Analytical thinking

Problem solving

Communication

Planning & delivery

Collaboration

Attention to detail

Excel

Power BI

SQL

SAS

Risk management principles

Independent work

Education

Degree in a numerate/analytical discipline

Tools

Power BI

SQL

SAS

Excel

Job description

Key responsibilities

Key responsibilities will include:

Market Risk: Undertaking regular Market Risk monitoring and analysis. Supporting the oversight of interest rate risk, structural balance sheet risk, and liquidity risk. Analysing movements in Market Risk exposures and investigate key drivers. Producing and maintaining Market Risk reporting and management information. Supporting monitoring against Market Risk Appetite limits. Assisting with stress testing, scenario and sensitivity analysis. Developing knowledge of Asset and Liability Management (ALM), IRRBB, and liquidity risk.

Risk Control: Supporting the independent second-line monitoring, analysis, and reporting of risk across Risk Control functions. Monitoring Risk Appetite metrics, limits, and key risk indicators, tracking portfolio performance. Identifying and investigating material movements, emerging risks, and potential breaches. Escalating issues appropriately and support follow-up management actions. Producing clear, accurate, and timely risk reporting and management information. Supporting independent challenge of risk information, assumptions, and business activities. Contributing to the maintenance of risk frameworks, policies, procedures, and controls. Assisting with Model Risk activities including model performance monitoring (Market Risk and stress testing models), periodic reviews, model maintenance, providing support to second-line Model Risk. Supporting EWRM activities, including stress testing and BAU forecasting, through data preparation, analysis, scenario assessment, reporting, and investigation of results. Undertaking regular and ad-hoc analysis to investigate risk issues, identify trends, and support decision-making across the Risk Control function. Developing and enhancing analytical reports, dashboards and monitoring tools using Excel, Power BI, and other appropriate analytical tools with the view of improving automation and accuracy.

We're looking for someone with:

Analytical Thinking & Problem Solving – Strong numerical and analytical skills with the ability to investigate issues, analyse data, identify trends, and develop practical solutions and recommendations. Communication – Ability to communicate technical findings clearly to different audiences through written and verbal communication, including the production of accurate and insightful management information. Continuous Improvement & Learning – Proactive approach to improving reporting, analytical processes, and ways of working, with a strong desire to learn and develop knowledge across Risk disciplines. Planning & Delivery – Ability to manage multiple priorities and deliver accurate work within deadlines. Collaboration – Ability to build effective working relationships across Risk and the wider business. Strong attention to detail with a focus on accuracy, data quality, and high standards. Good understanding of risk management principles, with the ability to apply established methodologies, models, and monitoring processes, and develop knowledge across Risk Control functions. Knowledge or practical exposure to Market Risk within financial services. Understanding of interest rate, liquidity, or structural balance sheet risk. Strong Excel skills and experience working with large or complex datasets. Ability working independently, using initiative while recognising when guidance or escalation is appropriate. Flexible and adaptable to changing priorities and workloads. Degree (or equivalent experience) in a numerate or analytical discipline, or relevant experience within Risk, Finance, Data/MI, or a similar analytical function. (Essential) Previous experience within Risk, Finance, Collections, Treasury, Data/MI or another analytical business function. (Desirable) Experience with analytical and reporting tools such as Power BI, SAS, SQL or similar. (Desirable)

Benefits

• Competitive salary (dependent on skills & experience)
• 27 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• Generous pension contributions
• Employee assistance programme
• Sharesave scheme
• Gym passes at a reduced rate for 3,000 gyms, leisure centres etc

Other things you need to know

The hours for this role are 09:00-17:00 across Monday - Friday, this is a hybrid role working at least 3 days a week in the Redhill, Surrey office

Inclusion At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair. At Santander Consumer Finance we have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind.

Should you want to be considered for part time hours, please let us know and we can assess your requirements.