Market Risk Senior Analyst - Change management

Your contribution matters, and we recognize it. At Santander, you can expect a fair and competitive compensation package that reflects your impact and the value you will deliver. Take a moment to understand what we

mean:

Limitless growth. We drive our teams with global opportunities and broad career paths so they can go further. Flexibility that works. Enjoy a hybrid work model—some days remote and others in the office with your team—as well as flexible schedules.

Continuous learning. Access hundreds of courses on our platforms, including exclusive access to our global training space:

Santander Open Academy (www.santanderopenacademy.com) Competitive rewards. Receive a highly competitive salary plus a bonus for your achievements, to motivate you to keep growing with us.

Financial advantages. Access preferential banking conditions, special interest rates on loans, life insurance, and much more.

Your health is our priority. Through BeHealthy, our global wellness program, we promote holistic well-being: physical, emotional, social, and financial.

Family comes first. We know your family is everything. That's why we offer childcare support and family programs designed for every stage of life.

Always by your side. Access Santander Contigo, our program for employees and their families that offers legal advisory services, emotional support, and administrative assistance.

Extra benefits. Gym/WellHub, medical center in several of our facilities, meal subsidies, parking, shuttle service at different points in Madrid, as well as exclusive discounts and offers for Santander employees. And this is just the beginning... we will tell you much more when you join! We are here to keep you motivated, help you reach your goals and celebrate your achievements at every step of the way.

Mandatory

• Between 6 and 8 years of experience in Front Office, Market Risk, Risk Analytics, Product Control, Valuation Control, or related functions within the financial sector.
• Hands-on experience in the calculation, analysis, and review of market risk metrics, including Value at Risk (VaR), sensitivities (Greeks), Stress Testing, risk limits, P&L, and Clean P&L.
• Knowledge of fixed income, foreign exchange, credit, and derivative financial products, as well as the main risk factors that impact market metrics.
• Experience in investigating and resolving incidents related to positions, market data, valuation models, or risk results.
• Experience working in international environments and collaborating with multidisciplinary teams in Risk, Front Office, Finance, Operations, and Technology.
• Familiarity with market risk regulatory requirements and prudential frameworks applicable to the banking sector (FRTB, Basel, ECB, Fed, among others).

Technical skills (Hard skills)

• Solid knowledge of market risk and the methodologies used for the measurement and management of financial risks (VaR, Stress Testing, sensitivities, risk limits, historical and hypothetical scenarios). (Mandatory)
• Knowledge of financial products in fixed income, foreign exchange, credit, structured finance, and derivatives, as well as the main associated risk factors. Focus on US and Europe. (Mandatory)
• Ability to interpret and analyze P&L, Clean P&L, Risk-Theoretical P&L (RTPL) metrics and explain their main drivers. (Mandatory)
• Experience in the use and analysis of market risk management platforms (Murex, Active Viam...) and systems for calculating regulatory and management metrics. (Mandatory)
• Advanced knowledge of Python, advanced handling of Microsoft tools, including pivot tables, complex formulas, and analysis of large volumes of information. (Mandatory)
• Knowledge of market risk regulatory frameworks, including Basel/FRTB/Market Risk Rule, regulatory metrics, and supervisory expectations. (Mandatory)
• Strong analytical capacity and attention to detail to identify incidents, anomalies, and relevant trends in risk metrics. (Mandatory)

Interpersonal skills (Soft skills)·

• Analytical thinking and synthesis skills, with the ability to interpret complex information, identify main risk drivers, and draw actionable conclusions.·
• Attention to detail and control mindset, ensuring the quality, consistency, and reliability of the metrics and analyses performed.·
• Analytical thinking and synthesis skills, with the ability to interpret complex information, identify main risk drivers, and draw actionable conclusions·
• Problem-solving skills, identifying the root cause of incidents and coordinating solutions efficiently with the different areas involved.·
• Collaboration and teamwork, with the ability to build strong relationships with Risk, Front Office, Finance, Operations, and Technology teams in a global environment.·
• Excellent communication skills, both verbal and written, adapting complex messages to different audiences, from technical teams to senior management.·
• Proactivity and initiative, driving continuous improvements in processes, controls, and tools, and taking responsibility for the quality of results.·
• Ability to influence and stakeholder management, coordinating activities and aligning priorities among teams located in different geographies and functions.·
• Adaptability and change management, showing flexibility to operate in dynamic environments with multiple priorities and transformation projects.·
• Continuous learning mindset, staying up to date on market trends, regulatory evolution, and new technologies applied to risk management.·
• Results orientation, ensuring compliance with deadlines and objectives without compromising the quality of analysis and risk control.

Desirable

• Knowledge of market risk production processes and the data flows necessary for the generation of metrics and reporting.
• Experience participating in process improvement initiatives, automation, control optimization, or the implementation of new technological solutions.

• University degree in Mathematics, Physics, Engineering, Statistics, Economics, Business Administration, Finance, or related disciplines.
• Postgraduate training or professional certifications related to Financial Risk (FRM, CFA, or equivalents) will be valued.

• Spanish (Very High)
• English (Very High)

Market Risk Senior Analyst - Change managementCountry: Spain

Santander SA is looking for a Market Risk Senior Analyst - Change management based in Boadilla del Monte.

Join a global Market Risk team with a key role in the measurement, control, and evolution of the main market risk metrics used for daily business management and strategic decision-making.

The position offers a unique opportunity to work in an international and highly dynamic environment, collaborating with Risk, Front Office, Finance, Operations, and Technology teams across different geographies. The professional will contribute to ensuring the integrity, consistency, and availability of critical metrics such as Value at Risk (VaR), market sensitivities, risk limits, Stress Testing, and P&L metrics, while also participating in transformation, automation, and continuous improvement initiatives for risk platforms.

We are looking for an analytical person, with a collaborative mindset and attention to detail, capable of understanding both the quantitative aspects of market risk and the processes, data, and technologies that support its calculation and supervision.

We are redefining the way we work through innovation, cutting-edge technology, collaboration, and the freedom to explore new ideas.

In this role, your main responsibilities will include:

• Calculate, review, and validate daily market risk metrics, including VaR, sensitivities, limits, Stress Testing, P&L, and Clean P&L.
• Analyze relevant variations in metrics, identify their main drivers, and ensure the quality, consistency, and integrity of the reported information.
• Perform production controls and independent certifications on positions, market data, risk configurations, and results generated by calculation engines.
• Supervise compliance with established risk limits, investigating exceptions and coordinating necessary actions with the involved areas.
• Collaborate closely with local Market Risk units to ensure the consistent application of methodologies, processes, and control standards.
• Work together with Technology, Administration, and Front Office teams to resolve incidents, improve processes, and support the evolution of the risk infrastructure.
• Contribute to the preparation of analyses, reports, and presentations aimed at senior management, risk committees, and supervisory bodies.