SCIB Markets Analyst

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.

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, counter party 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, counter party 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.

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.

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

• 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 counter party 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…