M&A Analyst; TMT; SCIB

Santander () is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. 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.

Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander Corporate & Investment Banking (Santander CIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.

Santander Corporate & Investment Banking (Santander CIB) is looking for a M&A Analyst (TMT) based out of Luca de Tena Office (Madrid). We are reinforcing our telecom & digital infrastructure Investment Banking team due to increased deal activity and continued successful growth.

• Preparing high-quality client materials, including pitchbooks, strategic reviews, management presentations, information memoranda, board materials and internal approval documents.
• Conducting detailed sector, company, investor and transaction analysis across the European telecom and digital infra space.
• Monitoring market developments, valuation trends, regulatory themes and investor activity across key sub-sectors, including digital infrastructure (data centers, towers, fiber), telecoms (B2C, B2B) and media.
• Performing valuation work using DCF, trading comparables, precedent transactions and other relevant sector-specific approaches.
• Building and reviewing detailed financial models, including operating models, DCFs, merger and accretion / dilution analyses, valuation frameworks, and sensitivities.
• Supporting live transaction execution across M&A and IPO processes, including due diligence coordination, workstream management and interaction with internal and external stakeholders.
• Supporting senior bankers on client dialogue, strategic analysis and origination ideas.

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.

• 2–4 years of relevant experience in investment banking, M&A, ECM / IPO advisory or a similar transaction environment.
• Strong execution experience on live transactions and the ability to manage multiple work streams under pressure.
• Strong interest in, and ideally prior exposure to, the TMT sector in Europe, including telecommunications, digital infrastructure and media (Preferred).

• Undergraduate degree with a strong academic track record.

• Fluency in English and Spanish are required.
• Additional European languages (Preferred).

• Proven ability to produce high-quality client-facing materials, with excellent attention to detail and quality control.
• Advanced financial modelling and valuation skills, with a strong grasp of accounting and corporate finance fundamentals.
• Familiarity with Bloomberg, Capital IQ, Refinitiv, Mergermarket, Infralogic (Preferred).

• Strong analytical, communication and presentation skills.

Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value…