Associate, Transaction Management

Banco Santander SA; United States; On-site; USD 108,000 - 133,000; Full time

Benefits offered by this job

Santander Benefits

Job summary

Banco Santander SA in the United States is seeking an Associate, Transaction Management – SCIB Lending (incl. Leveraged Finance and Structured Finance) to perform an individual contributor role within US SCIB COO Lending Solutions.

The role focuses on ensuring lending transactions are closed per approvals, documentation, KYC/AML, and readiness standards. The Associate will coordinate across Business Lines and support front-to-back processes, enhance control environments, and handle amendments

Qualifications

• Bachelor degree or equivalent work experience.
• Strong transaction execution, problem-solving, stakeholder engagement and understanding of control requirements.
• Ability to manage execution activities across multiple complex closings and amendments under time pressure.
• Strong understanding of Lev Fin and Structured Finance structures, credit agreements, funds flows, allocations, and agency processes.
• Experience with Loan IQ or comparable loan booking / servicing platforms.

Responsibilities

• Transaction execution, closing management support for Leveraged Finance, Structured Finance, and other loan types from pre-approval to close.
• Coordinate closing checklists, conditions precedent, documentation status, and funding readiness with relevant teams.
• Amendments and lifecycle events support, including waivers, extensions, repricings, and assignments.
• Contribute to procedures, playbooks, training materials, and control improvements; onboard new team members.

Skills

Transaction execution

Problem-solving

Stakeholder engagement

Control requirements

Closing management

Lev Fin/Structured Finance

Credit agreements

Agency processes

Loan IQ experience

Education

Bachelor degree or equivalent

Tools

Loan IQ

Job description

Associate, Transaction Management Country: United States of America

It Starts Here: 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 Associate, Transaction Management – SCIB Lending (incl. Leveraged Finance and Structured Finance) is an Associate individual contributor role within US SCIB COO Lending Solutions.

Objectives

• 1) Ensure lending transactions are closed and booked in accordance with approvals, executed documentation, KYC/AML requirements and operational readiness standards.
• 2) Support front-to-back coordination across Business Lines, Advisory, Credit, Legal, Compliance, Agency, Capital Markets, Treasury, Finance, Operations and Back Office.
• 3) Strengthen the US SCIB Lending Solutions control environment.

Key Responsibilities

• 1. Transaction Execution and Closing Management Support the execution of complex Leveraged Finance, Structured Finance, syndicated, bilateral, club, participant, left lead, and amendment transactions from pre‑approval through close. Coordinate closing checklists, conditions precedent, documentation status, approval evidence, funds flow, allocations, operational setup, and stakeholder readiness. Monitor for material changes to approved terms and elevate them for review and re‑approval where required before signing, closing, booking, or funding. Partner with Advisory, Legal and Front Office during documentation negotiation to help identifying operational, control, booking, agency, collateral, covenant, and funding implications.
• 2. Approval‑to‑Book Controls Review and track that approvals, KYC/AML diligence, borrower/guarantor/lender onboarding, legal documentation, collateral/security requirements, insurance, UCC/lien perfection, flood diligence, covenant setup, risk system updates, deal capture and booking data for completion, escalating outstanding items as appropriate. Prepare and review booking instructions and coordinate with Middle Office, Back Office, Treasury, Finance, Agency and Operations to support accurate system setup and funding readiness. Track and support the resolution of booking defects, documentation gaps, post‑close items, and control exceptions.
• 3. Amendments and Lifecycle Events Support the execution of transaction amendments, waivers, extensions, repricings, incremental facilities, assignments, paydowns and other lifecycle events requiring cross‑functional execution. Track required credit, business, legal, compliance and operational approvals and elevate outstanding items as appropriate before implementation. Support the handoff of transactions to Portfolio Management, Agency, Operations and Servicing for covenant, collateral, monitoring, and servicing obligations.
• 4. Team Build‑out, Training and Process Improvement Contribute to the development and enhancement of procedures, playbooks, closing standards, training materials, issue logs, and quality control routines. Share knowledge and support the onboarding of new team members on deal mechanics, Lev Fin and Structured Finance transaction structures, closing protocols, documentation review, booking controls, and escalation standards. Identify recurring issues and contribute to process, technology, data quality, and control enhancements.
• 5. Stakeholder Collaboration Work closely with Leveraged Finance, Structured Finance, IG, GTB, Capital Markets, Credit, Legal, Compliance, Agency, Treasury, Finance, Operations, and Client Lifecycle Management stakeholders. Communicate clearly on transaction status, blockers, risks, decisions, dependencies, and escalation items. Support audit, regulatory, credit review and internal control requests related to transaction execution and closing evidence.

Education

Education: Bachelor Degree or equivalent work experience

Work Experience

Work Experience: 3‑6 years of relevant experience in portfolio management, credit analysis, financial spreading, lending, agency, credit administration, risk management, or related roles.

Qualifications

Qualifications: Strong transaction execution, problem‑solving, stakeholder engagement and understanding of control requirements. Ability to manage execution activities across multiple complex closings and amendments under time pressure. Strong understanding of Lev Fin and Structured Finance structures, credit agreements, funds flows, allocations, and agency processes. Experience with Loan IQ or comparable loan booking / servicing platforms preferred.

Key Competencies

Key Competencies: Ability to work effectively with Front Office, Advisory, Credit, Legal, Compliance, Operations and Finance. Excellent attention to detail, escalation discipline, and accountability. Ability to share knowledge with team members and contribute to the development of repeatable execution standards. Understanding of commercial priorities and first line control requirements.

Certifications

Certifications: No Certifications listed for this job.

Nice to Have

It Would Be Nice For You To Have:

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship

Work Authorization & Sponsorship: Applicants must be legally authorized to work in the United States on a full‑time basis without requiring employer sponsorship to commence employment.

Base Pay Range

Base Pay Range: Minimum: $107,500.00 USD Maximum: $132,500.00 USD

Benefits

• Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture

Risk Culture: We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

We are committed to providing an inclusive and accessible application process for all candidates.