USA SCIB Markets Analyst

Banco Santander SA; United States; On-site; USD 110,000 - 135,000; Full time

Job summary

Banco Santander SA in the United States is seeking a USA SCIB Product Specialist, Structuring Analyst to support the growth of the U.S. client franchise across TRS, repo, margin lending, and other secured financing products.

You will join the SCIB Markets Financing team, performing client coverage, pricing, and execution with a focus on risk analysis and desk analytics. The role requires strong quantitative and programming skills (Python, Excel) and the ability to build practical desk tools,

Qualifications

• Bachelor’s degree or equivalent experience in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline.
• Ideally 1–2 years of experience financing credit assets, including experience in Markets, Repo, Securities Financing, Structured Credit Financing, or a related role.
• Strong understanding of financing concepts, including collateral, margin, haircuts, leverage, funding costs, regulatory capital and counterparty risk, with the ability to analyze and quantify risk.
• Familiarity with TRS, repo, margin lending, derivatives, or other secured financing products preferred.
• Strong quantitative, data analysis, and analytical skills with advanced proficiency in Excel.
• Programming and data-analysis skills, including Python, or similar tools, with an interest in building practical desk tools and automation.
• Strong client orientation and commercial mindset, with an interest in developing relationships and growing the U.S. financing franchise.
• Strong written and verbal communication skills.
• Strong attention to detail, initiative, and ability to work effectively in a fast-paced, client-driven Markets environment.

Responsibilities

• Support the origination, structuring, pricing, and execution of TRS, margin lending, repo, and other financing transactions for U.S. clients.
• Support senior desk members in developing client relationships, identifying financing opportunities, preparing client materials, and responding to client requests.
• Analyze transaction economics, collateral, liquidity, concentration, leverage, counterparty exposure, and other key risk factors.
• Assist in determining financing terms, including pricing, haircuts, margin requirements, tenor, and structural protections.
• Monitor transactions and portfolio exposures, including collateral values, margin, concentrations, counterparty risk, and relevant market developments.
• Build and enhance models, monitoring tools, dashboards, and automated processes to improve pricing, risk management, client coverage, and desk efficiency.
• Use programming and data analytics to aggregate, analyze, and visualize transactions, client, market, and risk data.
• Coordinate transaction execution with clients and internal partners across Risk, Legal, Operations, Finance, and other functions.
• Take increasing ownership of client activity, transaction analysis, execution, portfolio monitoring, and desk analytics.

Skills

Quantitative analysis

Data analysis

Analytical skills

Python programming

Client orientation

Communication skills

Attention to detail

Education

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline

Tools

Excel

Job description

USA SCIB Product Specialist, Structuring Analyst

Country: United States of America

About the role

The USA SCIB Product Specialist, Structuring Analyst will join the SCIB Markets Financing team, supporting the growth of the U.S. client franchise across total return swaps (TRS), repo, margin lending, and other secured financing products. The role combines client coverage and transaction execution with financing analysis, portfolio monitoring, and development of tools and analytics. The Analyst will work closely with senior members of the desk and partners across Sales, Trading, Risk, Legal, and Operations. Support the origination, structuring, pricing, and execution of TRS, margin lending, repo, and other financing transactions for U.S. clients. Support senior desk members in developing client relationships, identifying financing opportunities, preparing client materials, and responding to client requests. Analyze transaction economics, collateral, liquidity, concentration, leverage, counterparty exposure, and other key risk factors. Assist in determining financing terms, including pricing, haircuts, margin requirements, tenor, and structural protections. Monitor transactions and portfolio exposures, including collateral values, margin, concentrations, counterparty risk, and relevant market developments. Build and enhance models, monitoring tools, dashboards, and automated processes to improve pricing, risk management, client coverage, and desk efficiency. Use programming and data analytics to aggregate, analyze, and visualize transactions, client, market, and risk data. Coordinate transaction execution with clients and internal partners across Risk, Legal, Operations, Finance, and other functions. Take increasing ownership of client activity, transaction analysis, execution, portfolio monitoring, and desk analytics.

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 accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education: Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required Qualifications: Ideally 1–2 years of experience financing credit assets, including experience in Markets, Repo, Securities Financing, Structured Credit Financing, or a related role. Candidates with relevant experience in Structuring, Trading, or Sales will be considered. Relevant asset experience includes private credit assets, securitized products, non-traditional fixed income securities, and liquid credit. Strong understanding of financing concepts, including collateral, margin, haircuts, leverage, funding costs, regulatory capital and counterparty risk, with the ability to analyze and quantify risk. Familiarity with TRS, repo, margin lending, derivatives, or other secured financing products preferred. Strong quantitative, data analysis, and analytical skills with advanced proficiency in Excel. Programming and data-analysis skills, including Python, or similar tools, with an interest in building practical desk tools and automation. Strong client orientation and commercial mindset, with an interest in developing relationships and growing the U.S. financing franchise. Strong written and verbal communication skills. Strong attention to detail, initiative, and ability to work effectively in a fast-paced, client-driven Markets environment. Bachelor’s degree or equivalent experience in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline.

Certifications: SIE, Series 7, 63, and 79

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

What Else You Need To Know

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range: Minimum: $110,000.00 USD Maximum: $135,000.00 USD

We Value Your Impact

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.

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

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.