Santander is one of the world's largest financial institutions, operating as a leading retail and commercial bank with a massive global footprint across Europe and the Americas. Founded in 1857, the group serves over 160 million customers and employs hundreds of thousands of professionals, providing services ranging from consumer finance to corporate and investment banking.

In Spain, the bank is headquartered at its expansive 'Santander Group City' campus in Boadilla del Monte, Madrid, which serves as a hub for its global operations. For international professionals, Santander offers significant opportunities in its technology and digital divisions, such as Santander Digital Services (SDS) and Open Digital Services (ODS), where English is often the primary working language for global projects in AI, cybersecurity, and fintech innovation.

Founded in 1857 in the city of Santander, Spain, the bank originally served regional trade interests. Over the 20th and 21st centuries, it transformed into a global powerhouse through strategic acquisitions in the UK, Brazil, and the USA, becoming the largest bank in the Eurozone by market value.

For international professionals

Operates 'Santander Group City,' one of the largest corporate headquarters in Europe, located in Boadilla del Monte, Madrid.
Actively recruits international talent for global roles in cybersecurity, AI, and software engineering through its dedicated tech hubs.
Offers a highly international environment within its Corporate & Investment Banking (SCIB) and Global Tech divisions.
Provides comprehensive benefits and structured career paths, including specific talent programs for juniors and internal mobility options.
While retail banking roles require Spanish, global corporate and tech functions frequently use English as the main business language.

This job was published 4 months ago

ODD Non Financial Risk Sr. Analyst

Santander

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

ODD Non Financial Risk Sr. AnalystCountry: Spain

IT'S TIME

Santander ( www.santander.com ) is evolving from a high-impact global brand to a technology-driven organization, and people are at the heart of this journey. Together, we are leading a customer-centric transformation that values disruptive thinking , the courage to challenge the status quo, and the ability to innovate .

This is more than a strategic change: it's an opportunity to grow, learn, and make a real impact .

Our mission is to help more people and businesses thrive . We embrace a strong risk culture and expect all our teams to take a proactive and responsible approach to risk management.

Wealth Management & Insurance encompasses three businesses across all Santander Group countries: Insurance, Asset Management, and Private Banking. We work to offer the best solutions to our clients in these three areas in the 10 countries where we operate.

THE IMPACT YOU WILL GENERATE

Wealth Management & Insurance is looking for a Senior Analyst based in CGS, Boadilla del Monte.

Within Wealth Management & Insurance, you will be part of the Operational Due Diligence (ODD) team, playing an important role in the assessment and supervision of operational risks associated with investment fund managers, especially in alternative assets and complex strategies.

You will be a key part of the approval process and continuous monitoring of funds, helping to protect the interests of our clients and strengthen the Group's control and governance framework.

Your work will have a direct impact on investment decision-making and fiduciary risk management for the Santander Group globally.

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:

Lead and/or participate in complete Operational Due Diligence processes on external investment fund managers, both from traditional International Managers and alternative funds (Private Equity, Hedge Funds, Infrastructure, Real Estate, Private Credit, etc.).
Analyze the operational structure of the managers: corporate governance, segregation of duties, internal control, compliance, IT, valuation and accounting processes.
Evaluate operational risks associated with people, processes, systems and key third-party providers (administrators, custodians, prime brokers, etc.).
Conduct meetings (face-to-face and virtual) with management teams of the asset managers (COO, CRO, CCO, CFO) and document conclusions and identified red flags.
Prepare executive reports for the ODD as well as design and implement mitigation plans and continuous monitoring of identified risks.
Monitor relevant events (organizational, regulatory or market changes) that may impact approved funds.
Collaborate closely with investment selection, risk and legal teams, acting as a strategic partner in pre-investment analysis.

WHAT YOU WILL BRING TO THE TEAM

Our people are our greatest strength. Each person contributes unique perspectives that make us stronger as a team and as an organization. We value who they are and empower their contributions.

The following requirements represent the essential knowledge, skills, and competencies for this position.

Professional experience

At least 5 years of experience in Operational Due Diligence, Financial Audit (Big 4), Operational Risk, or similar roles within the financial or asset management sector. (Required)
Experience evaluating investment managers, alternative funds, or complex investment structures. (Required)
Solid understanding of the operational functioning of an asset manager (front-to-back flow). (required)
Previous experience in Wealth Management, Asset Management or Private Banking. (Desirable)
Experience in analyzing alternative and illiquid funds. (Desirable).

Education

Degree in Business Administration, Economics, Finance or similar. (Required)
Master's degree in Finance or Risk Management (Desirable).
Professional certifications such as CFA, CAIA, FRM (Desirable).

Languages

English - High/expert level (essential; regularly used in meetings with international managers).
Spanish - Native or high level.

Technical skills (Hard skills)

In-depth knowledge of operational risks in funds and management companies. (mandatory)
Understanding of the regulatory environment (UCITS, AIFMD, etc.).(mandatory)
Ability to analyze legal structures and fund documentation. (required)
Advanced proficiency in Excel and PowerPoint. (required)

Interpersonal skills (Soft skills)

Critical thinking and analytical skills.
High written and verbal communication skills (committee orientation).
Autonomy and ability to manage multiple projects simultaneously.
Control mindset and strong risk culture.
Attention to detail with a strategic vision.

WE VALUE YOUR IMPACT

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'll deliver. Take a moment to understand what we mean:

Unlimited growth. We empower 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—plus flexible hours.
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 continue 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 to you. 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 advice, emotional support, and administrative services.
Extra benefits. Gym/WellHub, medical center at several of our locations, meal allowances, parking, shuttle service to various points in Madrid, plus discounts and exclusive offers for Santander employees. And this is just the beginning... we'll tell you much more when you join!

We're here to keep you motivated , help you reach your goals , and celebrate your achievements every step of the way.

LOCAL COMPLIANCE

Santander is proud to be an equal opportunity employer regardless of age, gender, disability, marital status, race, religion, or sexual orientation. We are committed to providing an inclusive and accessible recruitment process for everyone.

WHAT NOW?

If everything you just read resonates with you, apply and join our team.

Ready to take the next step?

View original advert (Spanish)

ODD Non Financial Risk Sr. AnalystCountry: Spain

ES EL MOMENTO

Santander (www.santander.com) está evolucionando de ser una marca global de alto impacto a una organización impulsada por la tecnología, y las personas están en el centro de este camino. Juntos, estamos liderando una transformación centrada en el cliente que valora el pensamiento disruptivo, la valentía de desafiar lo posible y la capacidad de innovar.

Esto es más que un cambio estratégico: es una oportunidad para crecer, aprender y generar un impacto real.

Nuestra misión es contribuir a que más personas y empresas prosperen. Adoptamos una sólida cultura de riesgos y esperamos que todos nuestros equipos asuman un enfoque proactivo y responsable en la gestión del riesgo.

Wealth Management & Insurance abarca tres negocios en todos los países del Grupo Santander: Seguros, Gestión de Activos y Banca Privada. Trabajamos para ofrecer las mejores soluciones a nuestros clientes en estas tres áreas en los 10 países en los que estamos presentes.

EL IMPACTO QUE GENERARÁS

Wealth Management & Insurance está buscando un/a Senior Analyst con base en CGS, Boadilla del Monte.

Dentro de Wealth Management & Insurance, formarás parte del equipo de Operational Due Diligence (ODD), desempeñando un rol importante en la evaluación y supervisión de los riesgos operacionales asociados a gestores de fondos de inversión, especialmente en activos alternativos y estrategias complejas.

Serás una pieza fundamental en el proceso de aprobación y monitorización continua de fondos, contribuyendo a proteger los intereses de nuestros clientes y a reforzar el marco de control y gobernanza del Grupo.

Tu trabajo tendrá impacto directo en la toma de decisiones de inversión y en la gestión del riesgo fiduciario del Grupo Santander a nivel global.

Estamos redefiniendo nuestra forma de trabajar a través de la innovación, la tecnología de última generación, la colaboración y la libertad de explorar nuevas ideas.

En este puesto, tus principales responsabilidades incluirán:

Liderar y/o participar en procesos completos de Operational Due Diligence sobre gestores externos de fondos de inversión, tanto de Gestoras Internacionales tradicionales como de fondos alternativos (Private Equity, Hedge Funds, Infraestructura, Real Estate, Private Credit, etc.).
Analizar la estructura operativa de las gestoras: gobierno corporativo, segregación de funciones, control interno, compliance, IT, valoración y procesos contables.
Evaluar riesgos operacionales asociados a personas, procesos, sistemas y proveedores terceros clave (administradores, custodios, prime brokers, etc.).
Realizar reuniones (presenciales y virtuales) con equipos directivos de las gestoras (COO, CRO, CCO, CFO) y documentar conclusiones y red flags identificados.
Elaborar informes ejecutivos para el ODD así como diseñar e implementar planes de mitigación y seguimiento continuo de riesgos identificados.
Monitorizar eventos relevantes (cambios organizativos, regulatorios o de mercado) que puedan impactar en los fondos aprobados.
Colaborar estrechamente con equipos de selección de inversiones, riesgos y áreas legales, actuando como partner estratégico en el análisis previo a la inversión.

LO QUE APORTARÁS AL EQUIPO

Nuestra gente es nuestra mayor fortaleza. Cada persona contribuye con perspectivas únicas que nos hacen más fuertes como equipo y como organización. Valoramos quiénes son y potenciamos lo que aportan.

Los siguientes requisitos representan los conocimientos, habilidades y competencias esenciales para este puesto.

Experiencia profesional

Al menos 5 años de experiencia en Operational Due Diligence, auditoría financiera (Big 4), riesgo operacional, o funciones similares dentro del sector financiero o de gestión de activos. (Obligatorio)
Experiencia evaluando gestores de inversión, fondos alternativos o estructuras complejas de inversión. (Obligatorio)
Conocimiento sólido del funcionamiento operativo de una gestora (front-to-back flow). (obligatorio)
Experiencia previa en Wealth Management, Asset Management o Banca Privada. (Deseable)
Experiencia en análisis de fondos alternativos e ilíquidos. (Deseable).

Educación

Grado en ADE, Economía, Finanzas o similar. (Obligatorio)
Máster en Finanzas o Riesgos (Deseable).
Certificaciones profesionales como CFA, CAIA, FRM (Deseable).

Idiomas

Inglés - Nivel alto/experto (imprescindible; uso habitual en reuniones con gestoras internacionales).
Español - Nativo o nivel alto.

Habilidades técnicas (Hard skills)

Conocimiento profundo de riesgos operacionales en fondos y gestoras.(obligatorio)
Entendimiento del entorno regulatorio (UCITS, AIFMD, etc.).(obligatorio)
Capacidad para analizar estructuras legales y documentación de fondos. (obligatorio)
Manejo avanzado de Excel y PowerPoint. (obligatorio)

Habilidades interpersonales (Soft skills)

Pensamiento crítico y capacidad analítica.
Alta capacidad de comunicación escrita y verbal (orientación a comité).
Autonomía y capacidad para gestionar múltiples proyectos simultáneamente.
Mentalidad de control y cultura de riesgo sólida.
Atención al detalle con visión estratégica.

VALORAMOS TU IMPACTO

Tu contribución importa, y la reconocemos. En Santander puedes esperar un paquete retributivo justo y competitivo que refleje tu impacto y el valor que entregarás. Toma un momento para entender a lo que nos referimos:

Crecimiento sin límites. Impulsamos a nuestros equipos con oportunidades globales y amplias trayectorias de carrera para que puedan llegar más lejos.
Flexibilidad que funciona. Disfruta de un modelo híbrido de trabajo-algunos días remoto y otros en la oficina con tu equipo-además de horarios flexibles.
Aprendizaje continuo. Accede a cientos de cursos en nuestras plataformas, incluyendo acceso exclusivo a nuestro espacio global de formación: Santander Open Academy (www.santanderopenacademy.com)
Recompensas competitivas. Recibe un salario altamente competitivo más un bonus por tus logros, para motivarte a seguir creciendo con nosotros.
Ventajas financieras. Accede a condiciones bancarias preferentes, tipos de interés especiales en préstamos, seguros de vida y mucho más.
Tu salud es nuestra prioridad. A través de BeHealthy, nuestro programa global de bienestar, promovemos el bienestar integral: físico, emocional, social y financiero.
La familia es lo primero. Sabemos que tu familia lo es todo. Por eso ofrecemos apoyo para el cuidado infantil y programas familiares diseñados para cada etapa de la vida.
Siempre a tu lado. Accede a Santander Contigo, nuestro programa para empleados/as y sus familias que ofrece servicios de asesoramiento legal, apoyo emocional y gestoría.
Beneficios extras. Gimnasio/WellHub, centro médico en varias de nuestras instalaciones, subvención de comidas, parking, servicio de lanzadera en distintos puntos de Madrid, además de descuentos y ofertas exclusivas para empleados de Santander. Y esto es solo el comienzo... ¡te contaremos mucho más cuando te unas!

Estamos aquí para mantener tu motivación, ayudarte a alcanzar tus metas y celebrar tus logros en cada paso del camino.

CUMPLIMIENTO LOCAL

Santander se enorgullece de ser una organización que ofrece igualdad de oportunidades sin importar edad, género, discapacidad, estado civil, raza, religión u orientación sexual. Estamos comprometidos en ofrecer un proceso de selección inclusivo y accesible para todas las personas.

¿Y AHORA QUÉ?