GTB & Structured Finance Middle Office Analyst

GTB & Structured Finance Middle Office Analyst

Country: Spain

IT STARTS HERE

Santander (www.santander.com) 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.

SCIB Secondary Trading Middle Office supports leveraged finance secondary loan trading activity within Santander Corporate & Investment Banking. The team sits between Front Office and Back Office: Front Office executes trades and takes investment decisions, Middle Office controls and monitors the operational lifecycle, and Back Office completes settlement and administrative processing.

The team supports buy and sell trades from deal and facility onboarding through trade capture, documentation review, ClearPar execution, Loan IQ booking, settlement follow-up and portfolio maintenance.

Daily activity includes managing trade recaps and kick-off emails, borrower/facility codes, KYC dependencies, risk approvals, trading portfolio status, counterparty chasing and escalation of blockers such as short positions, pending upstream dependencies or missing information.

The team interacts with Trading Desk, Sales, Risk, KYC, Tax, Legal, Proposal Team, Back Office, Fund Managers, Agent Banks and counterparties, and also monitors economic events that affect TRS positions.

The team promotes a strong digital culture with an AI-first mindset, embedding generative AI and advanced digital tools into daily workflows to improve execution quality, productivity and decision-making.

The role is based in Madrid, offering the opportunity to work within a key SCIB hub with strong interaction across global teams.

THE DIFFERENCE YOU MAKE

Santander Corporate & Investment Banking (Santander CIB) is looking for an Analyst III - SCIB Secondary Trading MO based out of Madrid.

The Associate will play a key role in the operational control, execution support and settlement monitoring of leveraged finance secondary loan trades, supporting the Trading Desk across buy/sell activity and TRS-related flows from onboarding through settlement and portfolio servicing.

We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Supporting the end-to-end execution of Secondary Trading transactions, including trade onboarding, documentation review, trade confirmation and coordination with all relevant stakeholders.

• Acting as a central point of contact between Front Office, Back Office, Risk, KYC, Legal, Tax, Sales, Fund Managers and external counterparties.

• Ensuring all trades are correctly tracked, documented and reflected in internal systems in a timely and accurate manner.

• Monitoring trade progress and proactively resolving execution issues, dependencies and documentation blockers to avoid delays in settlement.

• Reviewing trade documentation, including trade confirmations, transfer documents and pricing letters, ensuring alignment with approved terms and internal requirements.

• Supporting multiple transactions and lifecycle events simultaneously, including amendments, refinancings, repricings, prepayments, rollovers, spread changes and TRS economic events.

• Performing daily operational control over secondary trading activity, ensuring buy/sell trades are captured, updated and evidenced accurately in the Trading Portfolio tracker.

• Reviewing onboarding inputs, J-Codes, GLCs, LX, LEI/MEI/SSI, risk approvals and KYC status before trades are progressed to Back Office/Proposal teams.

• Validating Trade Confirmations, Transfer Documents and Pricing Letters against trade recaps, LMA terms and internal requirements before MO signature in ClearPar.

• Identifying and escalating operational risks such as missing KYC, absent risk approval, non-standard terms, short positions, pending upstream dependencies, counterparty delays or failed data flow to ClearPar/Loan IQ.

• Working in line with audit recommendations, regulatory requirements and Santander policies, maintaining evidence to support controls and reconciliations.

• Coordinating waivers, amendments, refinancing/cashless roll decisions and TRS economic-event notifications with FO, BO, Risk, Legal and Tax as applicable.

• Building knowledge of secondary loan trading, Loan IQ, ClearPar, Trader Desktop outputs, Bloomberg information, trade documentation and portfolio servicing events.

• Participating in training on new systems/procedures as and when available.

• Collaborating in projects to support new products, regulatory change, digital tooling and AI-enabled workflow improvements.

• Providing timely, accurate and solution-oriented support to the Trading Desk and business stakeholders, helping unblock trades and avoid settlement delays.

• Maintaining clear communication with Front Office, Back Office, Fund Managers, Agent Banks and counterparties, ensuring follow-up, ownership and escalation are transparent.

• Acting to develop stakeholder relationships and improve service quality in line with the Santander Way: Simple, Personal and Fair.

WHAT YOU’LL BRING

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.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• 2-4 years of relevant experience in Banking, ideally within Middle Office, Loan Trading, Leveraged Finance or Corporate & Investment Banking transaction execution environments. (Required)

• Understanding of the secondary loan trading lifecycle, including trade onboarding, trade recaps, documentation execution, settlement follow-up and portfolio servicing. (Preferred)

• Knowledge of leveraged finance loans, LMA terms, accrued interest, delayed compensation, amendments/refinancings, repricing, prepayments, rollovers and spread changes. (Preferred)

• Experience/familiarity with Loan IQ, ClearPar, Excel/portfolio trackers and data fields such as J-Code, GLC, LX, LEI, MEI and SSI. (Preferred)

Education

• Educated to Degree level in a relevant subject (ADE, Finance, Data Science, and Mathematics). (Required)

Languages

• Fluent English (written and spoken) is essential. (Required)

Hard Skills

• Digital mindset, leveraging generative AI and digital tools as a core part of daily workflows to enhance productivity, support analysis and improve execution quality. (Required)

• Robust control mindset and ability to identify operational dependencies, process gaps, system issues and control weaknesses with a front-to-back perspective. (Required)

• Ability to coordinate with FO, BO, Risk, KYC, Tax, Legal, Sales, Fund Managers, Agent Banks and counterparties under tight deadlines. (Required)

• Organisation skills and capacity to deal with a large amount of information across emails, trackers, systems and documentation. (Required)

• Work under pressure and handling short timelines, including documentation targets and escalation deadlines. (Required)

• High level of attention to accuracy/detail, especially when validating trade economics, codes, approvals, documentation and settlement status. (Required)

• Ability to effectively communicate and articulate any positive ideas/improvement suggestions. (Required)

• Effective time management and ability to prioritise tasks. Determination to get things done, make things happen and constantly be looking for improvements. (Required)

• Gather information systematically to establish facts and principles. Ability to problem solve. (Required)

Soft Skills

• Initiative - ability to work autonomously using initiative, adapting approach to circumstances together with capability to work under pressure to deliver to tight timelines.

• Excellent communication skills both orally and in writing with strong inter-personal skills.

• Adapt successfully to changing situations and environments.

• Work confidently within a group and independently. Ability to influence and convince others, to discuss and reach agreement.

WE VALUE YOUR IMPACT

Your contribution matters, and it’s recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

We’re enable our teams to go beyond through global opportunities and broad career paths.

Flexibility that works. Enjoy a hybrid working models—some days remote, some days onsite with your team—along with flexible hours.

Learning for life. Access hundreds of courses on our platforms, including exclusive access to our global learning space: Santander Open Academy (www.santanderopenacademy.com)

Competitive rewards. Receive a highly competitive salary with performance-based bonuses, motivating you to keep growing with us.

Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.

Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.

We know family is everything. That’s why we offer childcare support and family-friendly programmes tailored to each life stage.

Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services.

Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that’s only the beginning—we’ll tell you more when you join!

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

LOCAL COMPLIANCE

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

WHAT TO DO NEXT

If this sounds like a role you are interested in, then please apply.

READY TO TAKE THE NEXT STEP IN YOUR JOURNEY?