Liability Management Analyst ​/ Associate

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.

Country:
United States of America

Santander’s Liability Management / Debt Capital Market Solutions team advises corporate, sponsor, and sovereign clients on debt refinancing solutions, liability management strategies, and balance sheet optimization. The group works at the intersection of investment banking and capital markets, providing clients with strategic insights and tailored solutions to manage debt, liquidity, and long-term financial sustainability. Operating in a fast-paced, client-facing environment, the team executes complex transactions such as tender offers, exchange offers, consent solicitations, and refinancing strategies.

The role offers significant exposure to senior management, a wide range of clients, and cutting-edge financing solutions in both U.S. and global markets. Given Santander’s client base and footprint, candidates can expect exposure to global investment grade, high-yield corporate and sponsor-backed clients, as well as significant work with Latin American clients.

As a Liability Management Analyst / Associate, you will play a key role in supporting the origination and execution of liability management mandates. You will work closely with senior bankers to provide clients with actionable, data-driven advice that helps them navigate capital markets and optimize their financial position. This front-office role provides a high level of responsibility, including client interaction, transaction execution, and financial analysis.

[Analysts / Associates] in the group gain experience across a broad spectrum of industries and geographies, while developing deep expertise in debt markets and strategic financing.

• Support the structuring and execution of investment grade and high yield liability management transactions, including debt buybacks, tender offers, exchange offers, and refinancing exercises.
• Conduct financial, industry, and market analyses to identify liability management opportunities and develop tailored client recommendations.
• Prepare pitch materials and client presentations with bespoke analysis of outstanding debt profiles / capital structures and market conditions to identify liability management opportunities.
• Build and maintain Excel-based models to assess the financial and strategic impact of potential transactions.
• Cross-collaborate with debt capital markets origination, leveraged finance origination, and industry coverage groups to support fulsome client coverage.
• Work closely with the sales desk to analyze investor feedback and market conditions during live transactions.
• Ensure transaction timelines and deliverables are met under deadlines.
• Adhere to compliance procedures and internal/operational risk controls in accordance with all applicable regulatory standards, requirements, and policies.

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

• Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required

• Bachelor’s degree in Finance, Economics, Business, Accounting, or a related field.
• 2–5 years of experience in capital markets, investment banking, corporate finance, or related financial services.
• Strong intellectual curiosity, with the ability to quickly grasp complex financial concepts and translate them into practical insights.
• Solid foundation in…